Health Catalyst Announces Partnership Expansion with Western U.S.'s Largest Health Information Exchange, Contexture

Rhea-AI Summary

Health Catalyst (Nasdaq: HCAT) has announced an expanded partnership with Contexture, a nonprofit regional health information exchange organization. The partnership now includes technology and services support for Quality Health Network (QHN), a Contexture affiliate in western Colorado. This expansion follows Contexture and QHN's affiliation in May 2024 to unify services in Colorado and the western slope.

The collaboration will leverage Ninja Universe by Health Catalyst™, a cloud-native platform designed for Health Information Exchanges (HIEs). This platform aggregates, normalizes, and optimizes multi-source healthcare data in real-time, supporting Contexture and QHN's efforts to improve data sharing and patient care in Arizona and Colorado.

Positive

• Expanded partnership with Contexture, a large regional health information exchange
• Inclusion of technology and services support for Quality Health Network (QHN)
• Utilization of Ninja Universe platform to enhance data management and sharing capabilities

Negative

• None.

News Market Reaction

+37.77%

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+37.77% News Effect

On the day this news was published, HCAT gained 37.77%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SALT LAKE CITY, Aug. 8, 2024 /PRNewswire/ -- Health Catalyst, Inc. ("Health Catalyst," Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, today announced an expanded partnership with Contexture, a nonprofit, regional health information exchange organization that works to drive health data interoperability. Contexture supports the flow of health information between thousands of physician practices, hospitals, long-term care facilities, labs, radiology centers, and other healthcare organizations in Arizona and Colorado.

Health Catalyst and Contexture's expanded partnership will now include technology and services support for Quality Health Network ("QHN"), a Contexture affiliate that helps medical, behavioral, and social health providers in western Colorado securely share patient and client data. Contexture and QHN announced their affiliation in May 2024 to expand and unify services in Colorado and the western slope and bring extensive Health Information Exchange ("HIE") expertise to the communities they serve.

"Affiliating with Contexture is an important step forward for QHN's participants as we work to provide the best possible HIE services, putting data into the hands of care providers when they need it. Health Catalyst is a vital partner for this work," said Marc Lassaux, Executive Director at QHN.

To support Contexture and QHN's work in Arizona and Colorado, the organizations will leverage Ninja Universe by Health Catalyst™, an end-to-end cloud-native platform and set of applications purpose-built for HIEs that aggregates, normalizes, enriches, and optimizes multi-source, multi-format healthcare data in real-time.

"We're grateful for the opportunity to continue to support Contexture and its new affiliate, QHN, in their efforts to utilize data to transform patient care in Colorado," said Dan Burton, CEO of Health Catalyst. "Access to trustworthy data across a care network is an essential component of performance improvement activities, and our unified technology platform is the sustainable, scalable solution high-performing HIEs, like Contexture, need to support their care network's data migration and quality improvement goals."

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 clients 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
Vice President, Corporate Communications
amanda.hundt@healthcatalyst.com
575-491-0974

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SOURCE Health Catalyst

FAQ

What is the expanded partnership between Health Catalyst and Contexture?

Health Catalyst has expanded its partnership with Contexture to include technology and services support for Quality Health Network (QHN), a Contexture affiliate in western Colorado. This expansion aims to improve health data interoperability and patient care in Arizona and Colorado.

How will Health Catalyst support Contexture and QHN's work?

Health Catalyst will provide Ninja Universe, a cloud-native platform designed for Health Information Exchanges (HIEs). This platform will help aggregate, normalize, and optimize multi-source healthcare data in real-time, supporting data migration and quality improvement goals.

When did Contexture and QHN announce their affiliation?

Contexture and Quality Health Network (QHN) announced their affiliation in May 2024 to expand and unify services in Colorado and the western slope, bringing extensive Health Information Exchange expertise to the communities they serve.

What is the significance of this partnership for Health Catalyst (HCAT)?

This expanded partnership strengthens Health Catalyst's position in the health information exchange market, potentially leading to increased revenue and market share. It also demonstrates the company's ability to provide valuable solutions for large-scale health data management and interoperability.