Health Catalyst's MeasureAble™ Earns ONC Health IT Certification
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The certification of Health Catalyst's MeasureAble by the ONC is a significant milestone for the company and its stakeholders. This certification is an indicator of compliance with stringent federal standards, which can be a compelling differentiator in the healthcare technology market. Certified technology often becomes a prerequisite for participation in quality reporting programs, which can lead to increased adoption among healthcare providers.
For healthcare organizations, the use of MeasureAble may streamline the process of calculating and reporting quality measures, potentially leading to improved efficiency and accuracy. This can have a direct impact on the financial performance of these organizations, as quality reporting is tied to reimbursement rates under value-based care models. Furthermore, the tool's comprehensive dashboard could enhance decision-making capabilities, leading to better patient outcomes and satisfaction.
The ONC Health IT Certification is a key competitive advantage in the healthcare analytics industry, where trust and compliance are paramount. From a market perspective, Health Catalyst's achievement could attract new customers, particularly as hospitals and eligible providers increasingly seek certified EHR technology to avoid penalties and maximize incentives related to quality reporting programs.
Investors should note that the healthcare analytics market is growing, driven by the need for data-driven decision-making in healthcare. Health Catalyst's MeasureAble positions the company well within this trend. However, it is important to monitor how this certification translates into market share and revenue growth, as well as how the company leverages this opportunity to expand its customer base and develop new partnerships.
The financial implications of MeasureAble's certification are multifaceted. Short-term, Health Catalyst may experience increased sales cycles and market penetration. Long-term, the certification may lead to sustained revenue growth as MeasureAble becomes entrenched in the quality reporting workflows of healthcare providers. It's important to analyze subsequent financial statements to assess the impact on Health Catalyst's revenue streams and to determine if the certification correlates with an increase in market share.
Investors should also consider the costs associated with maintaining certification, including potential updates to comply with evolving standards and weigh these against the expected return on investment. Additionally, it would be prudent to compare the company's performance post-certification with industry benchmarks to gauge the effectiveness of this strategic move.
This approval designates that eligible providers and hospitals may use MeasureAble to meet requirements for various quality reporting programs that involve the use of certified electronic health records (EHR) technology to calculate and report quality measures.
"In alignment with our mission, our focus is on developing technology solutions to power massive, measurable healthcare transformation. The ONC Health IT Certification demonstrates that Health Catalyst is continuing to take the right steps to enable hospitals and health systems to achieve clinical excellence and performance improvement," said TJ Elbert, Senior Vice President, Chief Data Officer, and GM of the Technology Business Unit at Health Catalyst.
To earn the certification, MeasureAble was tested to be in accordance with applicable standards and certification criteria put forth by the
With more than 20 years of testing experience across various industries, Drummond brings a high level of technical expertise to this process. Since becoming an ONC-ACB in 2010, Drummond has conducted more than 3,000 health IT tests and certifications.
Health Catalyst's MeasureAble is a quality measures application with over 240 regulatory measures, including ACO, HEDIS, MIPS, and more. The tool combines complete data, measures, calculations, and visualizations in a single application, offering a clean, results-driven dashboard for internal reporting of care needs and quality performance.
About This Certification
MeasureAble is 2015 Edition compliant and has been certified by an ONC-ACB in accordance with the applicable certification criteria adopted by the Secretary of Health and Human Services. This certification does not represent an endorsement by the
Vendor: Health Catalyst
Product: MeasureAble
Criteria Tested: 170.315 (b)(10); (c)(1-3); (d)(1-3, 5, 7, 9, 12-13); (g)(4-5)
Clinical Quality Measures Tested: 2v12, 56v11, 68v12, 69v11, 90v12, 117v11, 122v11, 124v11, 125v11, 127v11, 130v11, 131v11, 135v11, 138v11, 139v11, 144v11, 145v11, 146v11, 147v12, 149v11, 153v11, 154v11, 155v11, 156v11, 157v11, 159v11, 161v11, 165v11, 347v6, 349v5, 645v6
Holds Certificate No: 15.04.04.3034.Meas.01.00.0.240122
Date Certified: 01/22/2024
Effective Date: 2015 Edition
Mandatory Disclosures: The cost that an organization might pay to implement MeasureAble's capabilities to meet CMS objectives and measures starts at
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.
About Drummond Group LLC
Drummond Group LLC is a global software test and certification lab that serves a wide range of vertical industries. In healthcare, Drummond tests and certifies Controlled Substance Ordering Systems (CSOS), Electronic Prescription of Controlled Substances (EPCS) software and processes, and Electronic Health Records (EHRs) – designating the trusted test lab as the only third-party certifier of all three initiatives designed to move the industry toward a digital future. Drummond was founded in 1999 and is an ONC-Accredited Certification Body (ACB) and an Authorized Test Lab (ATL) and continues to build on its deep experience and expertise to deliver reliable and cost-effective services. For more information, please visit http://www.drummondgroup.com.
Media Contact
Amanda Hundt
Vice President, Corporate Communications
amanda.hundt@healthcatalyst.com
575-491-0974
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SOURCE Health Catalyst
FAQ
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