Health Catalyst Stock Price, News & Analysis

Health Catalyst (Nasdaq: HCAT) announced a strategic partnership with Tallahassee Memorial HealthCare (TMH) on March 10, 2022. This multi-year collaboration aims to implement a scalable analytics platform to consolidate TMH's data sources, supporting clinical improvement in areas like infection rates and patient readmissions. TMH will utilize Health Catalyst’s Data Operating System (DOS™) and Analytic Accelerators for enhanced data access and analytics efficiency. The partnership focuses on improving patient outcomes and operational excellence, marking a significant step toward data-informed healthcare transformation.

Health Catalyst (HCAT) reported strong Q4 and full-year 2021 results, exceeding revenue and Adjusted EBITDA guidance. Q4 revenue reached $64.7M, a 21% increase YoY, while full-year revenue grew 28% to $241.9M. Technology revenue rose 34% to $147.7M, and professional services revenue increased by 20% to $94.2M. Despite a net loss of $48.99M in Q4, the company's dollar-based retention rate improved to 112%. Health Catalyst continues to prioritize consistent performance as a public entity, marking its achievements amid a challenging macro environment.

Health Catalyst (Nasdaq: HCAT) announced its partnership with Temple University Health System on Feb 23, 2022. Temple Health will implement PowerCosting™ from Health Catalyst's Financial Empowerment Suite to enhance financial performance and clinical outcomes. CFO Nick Barcellona emphasized the strategic investment for delivering high-value patient care. This engagement aims to provide insights into true costs and improve resource utilization amidst challenges like shifting payer mixes and rising expenses. Health Catalyst’s CEO Dan Burton expressed confidence in the partnership's potential for measurable healthcare improvements.

Health Catalyst (Nasdaq: HCAT) has announced a definitive agreement to acquire KPI Ninja, a provider of interoperability solutions and population health analytics based in Lincoln, Nebraska. The acquisition is expected to enhance Health Catalyst's data processing capabilities and expand its service offerings. KPI Ninja's technology will integrate seamlessly with Health Catalyst's Data Operating System, empowering clients to build customized clinical solutions. The deal aims to strengthen Health Catalyst's position in the healthcare analytics market, with a focus on uninterrupted service delivery to existing KPI Ninja clients.

Health Catalyst, Inc. (Nasdaq: HCAT) will announce its fourth quarter and full year 2021 operational results on March 1, 2022, after market close. A conference call will follow at 5 p.m. E.T. that day, providing insights into the company's performance. Interested parties can access the call by calling (877) 295-1104 for U.S. participants or (470) 495-9486 for international attendees. The event will be available via a live audio webcast, with a replay accessible shortly after the call.

Health Catalyst, a leading provider of data and analytics technology in healthcare, announced its participation in the 40th Annual J.P. Morgan Healthcare Conference. Key executives including CEO Dan Burton, CFO Bryan Hunt, and SVP Adam Brown will present on January 11, 2022, at 3:45 p.m. ET. An audio replay will be available on their investor relations website. With a cloud-based platform powered by over 100 million patient records, Health Catalyst aims to drive data-informed healthcare improvements for its clients.

Health Catalyst, a leader in data and analytics for healthcare, will participate in two investor conferences. CFO Bryan Hunt and SVP Adam Brown will represent the company at the Piper Sandler 33rd Annual Healthcare Conference on December 2, 2021, featuring a fireside chat and meetings. On December 1, 2021, they will also attend the Evercore ISI HealthCONx Conference at 3:30 p.m. EST, which includes a fireside chat and one-on-one meetings. Health Catalyst aims to drive data-informed healthcare improvements using its cloud-based platform, enhancing clinical, financial, and operational outcomes.

Health Catalyst, Inc. (HCAT) has announced a strategic partnership with Datavant to enhance research and clinical care through connected health data. This collaboration aims to reduce waste in patient recruitment for clinical trials by using tokenized, de-identified data within the Health Catalyst Research Network™. The partnership will facilitate data connectivity throughout the study life cycle, improving pre-trial feasibility, patient eligibility, and long-term safety analysis. Leaders from both companies emphasize the potential to broaden patient access and improve health outcomes through better data sharing.

Health Catalyst (NASDAQ: HCAT) reported a strong performance for Q3 2021, exceeding revenue and Adjusted EBITDA guidance. Key financial metrics show total revenue of $61.737 million, a 31% year-over-year increase, driven by 37% growth in technology revenue and 22% in professional services. Despite these gains, the company reported a 46% rise in net loss, reaching $40.014 million. Adjusted Technology Gross Profit increased 40% to $26.731 million, reflecting a 70% gross margin. The financial outlook remains cautiously optimistic.