Welcome to our dedicated page for Health Catalyst news (Ticker: HCAT), a resource for investors and traders seeking the latest updates and insights on Health Catalyst stock.
Health Catalyst, Inc. (Nasdaq: HCAT) is a leading provider of data and analytics technology and services to healthcare organizations. Founded by healthcare veterans, the company specializes in building comprehensive data warehousing and process improvement solutions, aiming to significantly enhance healthcare delivery. Health Catalyst's innovative solutions are powered by its adaptive data architecture, which uses a late-binding bus model for agile and quick implementation.
The company operates primarily through two segments: Technology and Professional Services. The Technology segment is the key revenue driver, providing data platforms, analytics applications, and support services under cloud-based subscriptions, time-based licenses, and maintenance agreements. The Professional Services segment offers analytics, implementation, strategic advisory, outsourcing, and improvement services, enabling clients to maximize the utility of Health Catalyst's technological offerings.
Health Catalyst has recently gained recognition with several achievements:
- VitalCDM: Ranked number one in the Revenue Cycle - Chargemaster Management category of the 2024 Best in KLAS: Software & Services.
- MeasureAble™: Achieved ONC-Health IT 2015 Edition Certification, allowing its use for various quality reporting programs.
- Able Health Registry: Received QPP Qualified Registry approval for the 2024 performance year from CMS.
- Acquisition of Carevive Systems: Strengthened their capabilities in oncology data analytics, improving patient care and outcomes.
Financially, Health Catalyst continues to show promising trends, with forward-looking revenue and EBITDA guidance indicating growth. The company frequently updates its investors through quarterly earnings calls and reports, reflecting transparency and financial health.
Health Catalyst envisions a future where all healthcare decisions are data-informed, leveraging a cloud-based data platform encompassing over 100 million patient records and trillions of data points. This commitment to data-informed decision-making is at the core of its mission to drive measurable improvements in clinical, financial, and operational metrics for healthcare organizations.
For more information, visit the Health Catalyst Investor Relations page.
Health Catalyst, a leading healthcare data and analytics provider, will participate in three upcoming investor conferences. Executives Patrick Nelli, Bryan Hunt, and Adam Brown are scheduled to present at the following events: the Piper Sandler 32nd Annual Virtual Healthcare Conference on December 2, 2020; the Evercore ISI HealthCONx Conference on December 3, 2020, at 4:20 p.m. EST; and the Guggenheim Digital Health Virtual Conference on December 8, 2020, at 3:15 p.m. EST, with one-on-one meetings on December 9. More details are available on their investor relations page.
Health Catalyst, Inc. (Nasdaq: HCAT) reported its Q3 2020 financial results, showing a 20% year-over-year revenue increase to $47.2 million. Technology revenue grew by 32% to $28.0 million, while professional services revenue rose by 5%. Despite these gains, the company faced a net loss of $27.3 million, up from $21.4 million in Q3 2019. Adjusted EBITDA improved by 24%. Leadership changes were also announced, with Patrick Nelli becoming President, and Bryan Hunt appointed CFO, effective January 1, 2021. The company's outlook remains focused on growth and expanding customer relationships.
Health Catalyst (Nasdaq: HCAT) announced the promotion of Bryan Hunt to Chief Financial Officer effective January 1, 2021. Current CFO Patrick Nelli will transition to President, overseeing growth functions and client engagement. Nelli, instrumental in the company’s IPO, emphasized a commitment to enhancing healthcare transformation. Additionally, Jason Alger and Adam Brown have received promotions within the finance team. CEO Dan Burton expressed confidence in the leadership changes to drive HCAT's mission of improving healthcare through data and analytics.
Health Catalyst, a notable provider of data and analytics solutions for healthcare, announced that CFO Patrick Nelli and SVP Adam Brown will participate in the 29th Annual Credit Suisse Virtual Healthcare Conference on November 12, 2020, featuring a fireside chat at 2:45 p.m. ET. A live audio webcast and replay will be accessible on their investor relations website. Health Catalyst aims to enhance healthcare decisions through its cloud-based platform, which harnesses data from over 100 million patient records, driving improvements in clinical, financial, and operational outcomes.
Health Catalyst (Nasdaq: HCAT) announced a strategic partnership with Middle East Healthcare Company (MEA HCO) to service six Saudi German Hospitals in Saudi Arabia. This multi-year collaboration involves implementing Health Catalyst's DOS™ technology to enhance patient care and reduce costs. The partnership is supported by Topmed, a Dubai-based healthcare consulting firm, which will provide expertise in analytics and operational improvements. This collaboration aligns with Saudi German's commitment to advanced healthcare technologies and aims to drive measurable healthcare improvements.
Health Catalyst (Nasdaq: HCAT) will announce its 2020 third quarter operating results on November 10, 2020, after market close. The company provides data and analytics technology to healthcare organizations, aiming for measurable healthcare improvement. A conference call will follow at 5 p.m. E.T., accessible by phone or via a live audio webcast. Health Catalyst's platform draws from over 100 million patient records, enabling clients to make data-informed decisions for operational and financial improvements.
Health Catalyst (Nasdaq: HCAT) announced the appointment of Amanda Hundt as the new Vice President of Corporate Communications. This role aims to strengthen the communications team's capacity to support the company’s growth and market expansion strategies. Hundt will develop innovative external communications and public relations strategies while contributing to diversity and inclusion initiatives. With her extensive experience in health and technology communications, Hundt is expected to enhance Health Catalyst's mission of data-informed healthcare improvement.
Health Catalyst, a top provider of healthcare data and analytics technology, announced participation in the 2020 Cantor Global Virtual Healthcare Conference. CFO Patrick Nelli and SVP Adam Brown will engage in a fireside chat on September 15, 2020, at 1:20 p.m. ET. A live audio webcast will be available at Health Catalyst's investor relations site. The company utilizes a comprehensive cloud-based data platform, analyzing over 100 million patient records to improve healthcare decisions and outcomes.
Health Catalyst (HCAT) successfully completed its seventh annual Healthcare Analytics Summit, registering over 3,500 attendees. Additionally, the acquisition of Vitalware, a Yakima-based SaaS provider, has been finalized, enhancing Health Catalyst's Data Operating System (DOS). The integration aims to improve revenue workflow optimization for healthcare organizations. CEO Dan Burton announced that while the acquisition’s immediate impact on Q3 2020's financial performance will be minimal, it will feature in the full-year guidance. Key leadership changes were also noted, including the transition of CTO Dale Sanders to Senior Advisor.
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