About Health Catalyst
Health Catalyst is a company based in Salt Lake City (United States) founded in 2008 by Steven Barlow.. Health Catalyst has raised $392 million across 10 funding rounds from investors including UPMC, Orbimed and Norwest Venture Partners. The company has 1,500 employees as of December 31, 2024. Health Catalyst has completed 12 acquisitions, including Able Health, Carevive and Electronic Registry Systems. Health Catalyst offers products and services including Ignite Spark, Population Health Management, and Revenue Cycle Management. Health Catalyst operates in a competitive market with competitors including Azalea Health, DrFirst, Innovaccer, CitiusTech and CompuGroup Medical, among others.
- Headquarter Salt Lake City, United States
- Employees 1500 as on 31 Dec, 2024
- Founders Steven Barlow
- Stage Public
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Sectors
HealthcareTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Health Catalyst, Inc
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Annual Revenue
$306.58 M3.6as on Dec 31, 2024
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Net Profit
$-69.5 M41.17as on Dec 31, 2024
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EBITDA
$-13.32 M67.14as on Dec 31, 2024
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Total Equity Funding
$392 M (USD)
in 10 rounds
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Latest Funding Round
$50 M (USD), Post-IPO
Sep 08, 2020
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Investors
UPMC
& 15 more
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Employee Count
1500
as on Dec 31, 2024
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Investments & Acquisitions
Able Health
& 11 more
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IPO & Listings of Health Catalyst
Health Catalyst is a publicly listed company on the NASDAQ with ticker symbol HCAT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Health Catalyst
Health Catalyst offers a comprehensive portfolio of products and services, including Ignite Spark, Population Health Management, and Revenue Cycle Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for healthcare data analytics and efficient outcomes management.
Solutions for improving population health through data insights.
Tools to optimize healthcare revenue and cost management.
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Data Analysis and Operations Team
65 people
Software Development Team
53 people
Leadership Team
45 people
Sales and Marketing
17 people
Product Management Team
16 people
Finance and Accounting
11 people
Operations Team
9 people
Human Resources and Administration
8 people
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Funding Insights of Health Catalyst
Health Catalyst has successfully raised a total of $392M across 10 strategic funding rounds. The most recent funding activity was a Post-IPO round of $50 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Post-IPO — $50.0M
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First Round
First Round
(23 Sep 2011)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Post-IPO - Health Catalyst | Valuation |
investors |
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| Feb, 2019 | Amount | Series F - Health Catalyst | Valuation | Orbimed | |
| Feb, 2019 | Amount | Debt – Conventional - Health Catalyst | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Health Catalyst
Health Catalyst has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include UPMC, Orbimed and Norwest Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Health Catalyst
Health Catalyst has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include Able Health, Carevive and Electronic Registry Systems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Patient engagement and care coordination solution for healthcare providers
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2018 | ||||
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Cloud-based technology is offered for oncology practice management and EHR.
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2017 | ||||
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Cloud-based pay-for-performance and risk adjustment solutions are developed.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Health Catalyst
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Health Catalyst Comparisons
Competitors of Health Catalyst
Health Catalyst operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Azalea Health, DrFirst, Innovaccer, CitiusTech and CompuGroup Medical, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
EHR Platform with integrated Telehealth, Mobile health and RCM solutions for healthcare providers
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| domain | founded_year | HQ Location |
E-prescription and secure messaging solutions are offered to healthcare providers.
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| domain | founded_year | HQ Location |
Provider of an AI-powered cloud platform for healthcare performance improvement
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| domain | founded_year | HQ Location |
Provider of AI solutions for clinical, operational, and business outcomes
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| domain | founded_year | HQ Location |
Suite of practice management, reimbursement, laboratory and analytics solutions to healthcare providers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Health Catalyst
Frequently Asked Questions about Health Catalyst
When was Health Catalyst founded?
Health Catalyst was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is Health Catalyst located?
Health Catalyst is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Who is the current CEO of Health Catalyst?
Dan Burton is the current CEO of Health Catalyst.
Is Health Catalyst a funded company?
Health Catalyst is a funded company, having raised a total of $392M across 10 funding rounds to date. The company's 1st funding round was a Series F of $100M, raised on Sep 23, 2011.
How many employees does Health Catalyst have?
As of Dec 31, 2024, the latest employee count at Health Catalyst is 1,500.
What is the annual revenue of Health Catalyst?
Annual revenue of Health Catalyst is $306.58M as on Dec 31, 2024.
What does Health Catalyst do?
Health Catalyst was founded in 2008 in Salt Lake City, United States, within the healthcare analytics sector. A cloud-based platform is operated to deliver data analytics solutions, including population health management, patient injury prevention, operational efficiency, performance monitoring, and financial management. Data warehouse software and processes are designed and implemented to handle operational, financial, clinical, and research data for hospitals.
Who are the top competitors of Health Catalyst?
Health Catalyst's top competitors include Innovaccer, CompuGroup Medical and DrFirst.
What products or services does Health Catalyst offer?
Health Catalyst offers Ignite Spark, Population Health Management, and Revenue Cycle Management.
Is Health Catalyst publicly traded?
Yes, Health Catalyst is publicly traded on NASDAQ under the ticker symbol HCAT.
How many acquisitions has Health Catalyst made?
Health Catalyst has made 12 acquisitions, including Able Health, Carevive, and Electronic Registry Systems.
Who are Health Catalyst's investors?
Health Catalyst has 16 investors. Key investors include UPMC, Orbimed, Norwest Venture Partners, Indiana University Health, and Sequoia Capital.
What is Health Catalyst's ticker symbol?
The ticker symbol of Health Catalyst is HCAT on NASDAQ.