Health Catalyst, Inc., a leading provider of data and analytics technology and services to healthcare organizations, announced that it has entered into a definitive agreement to acquire healthfinch, Inc., a Madison, Wisconsin-based company that provides a workflow integration engine delivering insights and analytics into EMR workflows to automate physicians’ ability to close patient care gaps in real-time. The healthfinch acquisition, which will allow Health Catalyst’s customers to enhance clinical workflows in the EMR, further strengthens the Health Catalyst Population Health portfolio, which was bolstered by the Able Health acquisition in February 2020 and Care Management Suite launch earlier this month.
Within the Health Catalyst analytics application portfolio, healthfinch will be a new application suite category called EMR Embedded Insights and its refills, care gaps closure, and visit planning applications will continue to be available in their original configuration. Additionally, the healthfinch technology will augment workflows across Health Catalyst’s product portfolio, with data and insights powered by Health Catalyst’s cloud-based Data Operating System (DOS), a healthcare-specific, open, flexible, and scalable data platform that provides customers with a single comprehensive environment to integrate and organize data.
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healthfinch’s industry leading capabilities are already in demand from Health Catalyst customers and prospects across multiple product areas including quality measures, care management, population health, patient safety and others. Providing these capabilities will bring even greater value to Health Catalyst customers by making the critical insights and analytics from the DOS platform actionable within clinical workflows – providing more effective care for patients and saving time for both doctors and staff through automation so they can work at the top of their license.
Health Catalyst CEO Dan Burton said, “We are thrilled to benefit from healthfinch’s decades of collective experience gained from working with customers across the United States that are using a variety of different EMRs. And we also find deeply compelling the strong mission and cultural alignment with our respected healthfinch teammates. We are excited to have the healthfinch leadership team and their talented colleagues join Health Catalyst, and we are grateful for the tremendous insights, knowledge and perspectives they bring, which will accelerate the achievement of our mission to be the catalyst for massive, measurable, data-informed healthcare improvement.”
Burton added, “This acquisition highlights Health Catalyst’s ability to integrate and scale software applications on top of our DOS platform. The healthfinch technology will easily serve up actionable insights, derived from DOS and other Health Catalyst analytics applications into the EMR, at the point of care.”
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healthfinch Co-Founder, Chairman and Chief Medical Officer Lyle Berkowitz, MD said, “We started healthfinch ten years ago with a mission to build tools on EMR platforms that would simultaneously make life easier for doctors and better for patients. I’m proud to say we have fulfilled that vision as our products currently save immense amounts of physician time monthly, while also improving patient quality via closing gaps in care, minimizing refill errors and speeding up prescription refill turn-around time. We are now incredibly excited to take our company to the next level by joining with Health Catalyst to supercharge our ability to simplify, automate, and delegate clinical care via our combined data analytics, rules engines and EMR integrations. Their people, culture, vision and technology and industry success truly make them an ideal partner.”
Health Catalyst Chief Technology Officer Dale Sanders said, “Fifteen years ago at Northwestern University Feinberg School of Medicine, Lyle and I formed a lasting friendship and a shared passion around making life better for clinicians and patients by using HIT to improve the value and efficiency of EMRs. While EMRs were less common and today’s software technology was unavailable to make decision support easily implementable, we worked with a lot of great people to still achieve leading-edge capability for the time. Fast forward to today and it has all come full circle. EMRs are everywhere, making decision support much easier to implement. The combined strengths of healthfinch and Health Catalyst will fulfill the vision we share of improving both quality of care for patients and quality of life for physicians.”
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