Health Catalyst Partners with Smarter Health to Transform Payor Market in Southeast Asia

Rhea-AI Summary

Health Catalyst (HCAT) has partnered with Smarter Health, a Singapore-based healthcare technology company, to enhance data integration between payors and providers in Southeast Asia. This collaboration aims to address inefficiencies in medical billing and claims administration, leveraging Health Catalyst's Data Operating System and analytics capabilities. The partnership will facilitate improved transparency, service, and satisfaction within the healthcare ecosystem, ultimately supporting payors in evaluating care appropriateness and cost.

Positive

• Strategic partnership with Smarter Health to improve data integration in healthcare.
• Enhanced capabilities for assessing care appropriateness and cost for payors.
• Focus on reducing healthcare waste and improving clinical outcomes.

Negative

• None.

SALT LAKE CITY, Feb. 11, 2021 /PRNewswire/ -- Health Catalyst, Inc. ("Health Catalyst," Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, today announced a strategic partnership with Smarter Health, a Singapore-based healthcare technology company that operates a platform to provide seamless data integration between payors and providers in the Southeast Asia region.

The Southeast Asia payor market is undergoing transformation as the healthcare industry shifts from manual methods of medical billing and claims administration to more efficient, standardized, and integrated processes rooted in data and analytics.

Health Catalyst's Data Operating System (DOS™) and professional services capabilities will work seamlessly with Smarter Health's payor-provider solutions to support payors in assessing the appropriateness of care and cost.

"Smarter Health's commitment to making healthcare more accessible, affordable, and accountable aligns with Health Catalyst's mission of delivering massive, measurable, data-informed healthcare improvement," said Jeff Selander, Senior Vice President and General Manager of Global Expansion Business at Health Catalyst. "We are grateful for our partnership focused on transforming healthcare and look forward to supporting efforts that will reduce healthcare waste and improve clinical outcomes in this region."

As a result of the partnership, Smarter Health will be better positioned to help eliminate waste across the Southeast Asia healthcare ecosystem by freeing up clinicians to focus efforts on the provision of quality care and enabling efficient claims administration. This will create a firm foundation for a new framework of trust between payors, providers, and patients through increased transparency and improved service and customer satisfaction.

"Smarter Health is extremely excited about this partnership as it brings a new level of data-informed capability to the healthcare ecosystem in Southeast Asia," said Liaw Yit Ming, Chief Executive Officer at Smarter Health. "Marrying Smarter Health's core competency in creating a robust infrastructure for data exchange between key stakeholders in the healthcare ecosystem and Health Catalyst's best-in-class healthcare data analytics means that our clients can be confident in deriving value efficiently and effectively."

About Smarter Health
Smarter Health provides a trusted infrastructure for data exchange between key stakeholders of the healthcare ecosystem. Our "SIMPLIFY, STANDARDISE and SYSTEMISE" approach supports the delivery and payment for healthcare services in an efficient and effective manner. We believe that healthcare should be ACCESSIBLE, AFFORDABLE and ACCOUNTABLE. The Smarter Health team consists of experienced senior executives from established healthcare and insurance institutions in Asia.

About Health Catalyst
Health Catalyst is a leading provider of data and analytics technology and services to healthcare organizations committed to being the catalyst for massive, measurable, data-informed healthcare improvement. Its customers leverage the cloud-based data platform—powered by data from more than 100 million patient records and encompassing trillions of facts—as well as its analytics software and professional services expertise to make data-informed decisions and realize measurable clinical, financial, and operational improvements. Health Catalyst envisions a future in which all healthcare decisions are data informed.

Media Contact:
Amanda Hundt
amanda.hundt@healthcatalyst.com
575-491-0974

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SOURCE Health Catalyst

FAQ

What is the recent partnership announced by Health Catalyst (HCAT)?

Health Catalyst (HCAT) has partnered with Smarter Health to improve data integration between payors and providers in Southeast Asia.

How will the partnership between Health Catalyst and Smarter Health benefit healthcare in Southeast Asia?

The partnership aims to transform the payor market by enhancing efficiency in medical billing and claims administration, ultimately supporting better clinical outcomes.

What are the main technologies used in the Health Catalyst and Smarter Health partnership?

The partnership utilizes Health Catalyst's Data Operating System and analytics capabilities along with Smarter Health's payor-provider solutions.

When was the partnership between Health Catalyst and Smarter Health announced?

The partnership was announced on February 11, 2021.

What impact does the partnership have on the Southeast Asia healthcare ecosystem?

It is expected to eliminate waste, improve transparency, and enhance service and customer satisfaction between payors, providers, and patients.