Health Catalyst Ranked 136th Fastest Growing Company in North America on Deloitte’s 2015 Technology Fast 500
Attributes 629 Percent Revenue Growth to Demand for Outcomes Improvement Tied to Value-Based Care Initiatives
SALT LAKE CITY, UT – November 16, 2015 — Health Catalyst, a leader in healthcare data warehousing, analytics and outcomes improvement,today announced it ranked No. 136 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014. Health Catalyst revenue grew 629 percent during this period.
Health Catalyst CEO Dan Burton attributes the company’s growth to the increasing demand for technologies and processes that improve clinical and financial outcomes and enable healthcare organizations to thrive under the fast evolving system of value-based reimbursement. Burton said: “We are honored to be named among the nation’s fastest growing companies. This recognition is a reflection of our customers’ success in using Health Catalyst’s analytics platform to systemically improve clinical and financial outcomes.”
Health Catalyst’s Late-Binding™ Data Warehouse and Analytics platform forms the information foundation for value-based performance at some of the nation’s largest health systems, serving more than 50 million patients overall. The platform can be implemented in a matter of weeks, providing health systems a single source of truth by combining clinical, financial and operational data from electronic health records (EHR) and many other enterprise applications while enabling flexible and fast visualization of the data across all clinical and process domains. Equipped with near real-time data and self-service analytics, health systems can quickly adapt to changing market conditions and identify opportunities for key process improvements.
“Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries,” said Sandra Shirai, principal, Deloitte Consulting LLP and US technology, media and telecommunications leader. “It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains. We congratulate all those ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.”
About Deloitte’s 2015 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. To be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Health Catalyst
Health Catalyst is a mission-driven data warehousing, analytics and outcomes-improvement company that helps healthcare organizations of all sizes perform the clinical, financial, and operational reporting and analysis needed for population health and accountable care. Their proven enterprise data warehouse (EDW) and analytics platform helps improve quality, add efficiency and lower costs in support of more than 50 million patients for organizations ranging from the largest US health system to forward-thinking physician practices. For more information, visit www.healthcatalyst.com, and follow them on Twitter, LinkedIn and Facebook.