It’s time to make healthcare smarter
How Health Catalyst is taking an analytical approach to solving healthcare inefficiencies
This story is now published on 🦄 Babyunicorns.com 🦄 at https://www.babyunicorns.com/articles/healthcatalyst
Nowadays, data is arguably our world’s most valuable resource. Companies harness data to cut costs, improve their products, and make their critical business decisions. But one industry specifically has mountains of data that is going unused every day.
When you visit your doctor, every medical test, vaccination, and symptom you identify is turned into potentially useful data. For years, hospitals and health centers failed to take advantage of this data, but now Health Catalyst is giving them the tools to turn all of this information into actionable solutions that will ultimately save patients time and money while improving their overall healthcare experience.
What does Health Catalyst do exactly?
As a tech company founded by healthcare professionals, Health Catalyst offers hospitals top-notch data analytics that cater directly to the needs of a healthcare facility.
In order to best serve the hospitals, Health Catalyst provides a wide range of services that fulfill three primary needs:
- Efficiently and securely storing operational and patient data through their data warehouse
- Data mining, machine learning, and analytics dashboards to give hospitals insights into the massive amounts of data they already have
- Professional services from experts in the field to use those analytics and improve operations within the hospital
More specifically, those solutions may look like:
- Redesigning the way medical records are structured to more accurately predict patient risks
- New recommendations for early labor to reduce unnecessary Cesarian deliveries
- Evidence-based guidelines for early-stage breast cancer treatments which empower patients to actively participate in their own treatment decisions
Because of the naturally large and diverse set of problems in healthcare, engineers at Health Catalyst are constantly working on cutting-edge solutions that impact real people by providing their doctors with important insights and directly improving their quality of care.
Let’s talk funding
Health Catalyst has a healthy dose of funding with over $292M raised after completing their second Series E round in October of 2017. Sequoia Capital has been invested since Health Catalyst’s series A in September of 2011.
Another strong partner for Health Catalyst is Northwest Venture Partners, a major VC firm with plenty of healthcare experience who led Health Catalyst’s Series B, Series D, and Series E rounds. Northwest Venture Partners has a number of successful exits in both healthcare and data analytics companies, which bodes well for the future success of Health Catalyst.
What makes Health Catalyst a baby unicorn?
- Highly experienced executive team with multi-industry expertise between healthcare, data warehousing, and analytics
- Over 292M votes of confidence in the form of dollars from top VC firms
- Sustained growth, already serving more than 65 million patients and working with leading health systems like Stanford Hospitals & Clinics
- Plenty of awards won, including Fortune’s 2017 30 Best Workplaces in Tech and Glassdoor’s 2017 Top 10 Highest Rated CEO’s
- Headquartered in Salt Lake City, Utah, nicknamed the “Silicon Slopes” because of the city’s strong tech scene housing major offices for SanDisk and Adobe, as well as a number of tech unicorns in recent years
What’s in the tech stack?
- Software engineers working on their API use C# and .NET along with SQL
- DevOps engineers use C# and ARM, and manage SQL databases deployed on Windows Servers, Azure, and AWS
- Interface engineers work SQL as well as HTML/CSS/Javascript
Know someone looking?
Health Catalyst offers engineers the unique opportunity to work at a strong tech company while also having a powerful social impact in their work. Software engineering positions are available at their headquarters in Salt Lake City, as well as many options to work remotely.
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