Healthcare Quality Catalyst Partners With Sequoia, Adds Three Healthcare Veterans

SALT LAKE CITY, Nov. 16, 2011 /PRNewswire/ -- Healthcare Quality Catalyst Corp. (www.hqcatalyst.com), the leader in healthcare data warehousing, today announced a series of important events since September 2011 to continue driving the company's substantial growth and industry leadership.

SEQUOIA CAPITAL INVESTMENT

On September 23, 2011, Healthcare Quality Catalyst (HQC) announced the selection of Sequoia Capital as its investment partner. The funds from Sequoia Capital's investment in HQC will be used to accelerate HQC's aggressive growth strategy by making its clinical data warehouse more widely available and developing additional software to expand care improvement for health systems. Michael Dixon, Partner at Sequoia Capital, will join HQC's Board of Directors.

"HQC's data warehousing solutions allow clinicians to harness the right data in order to simultaneously improve care and reduce cost," said Dixon. "We're excited to participate in this much-needed positive transformation in US healthcare."

DR. DAVID BURTON SELECTED AS CEO

On October 3, 2011, Dr. David Burton was selected as Chief Executive Officer of HQC.  Dr. Burton brings more than three decades of clinical and leadership experience to his position at the helm of HQC. Dr. Burton will focus on building out the management team and expanding the product line.

"It is an honor for me to lead HQC during this critical era for US health systems," declared Dr. Burton. "The addition to the team of key board members and senior leaders together with dramatic expansion of HQC's product offerings, positions us to help healthcare systems make fundamental improvements in care and cost structure."

Dr. Burton has been involved with HQC from day one as a member of its Advisory Board, leading the effort to develop the company's data warehouse from a clinical perspective.  Dr. Burton is a former Senior Vice President of Intermountain Healthcare, where he served in a variety of executive positions for 23 years. He spent the last 13 years of his career co-developing Intermountain's clinical process models utilized within the EDW environment. Dr. Burton was the founding CEO of Intermountain's managed care plans (now known as SelectHealth), which currently provide insurance coverage to approximately 500,000 members.

He holds an MD from Columbia University College of Physicians and Surgeons and did his residency training at Massachusetts General Hospital in Internal Medicine. He was a charter member of the American College of Emergency Physicians and was Board Certified in Emergency Medicine. He practiced emergency medicine and was president of a single-specialty group of 20 emergency care physicians for nine years before joining the executive team at Intermountain.

"Dr. Burton is one-of-a-kind," said Steve Barlow, Co-Founder and Chief Information Officer of HQC. "He brings a wealth of critical experience including having been a founder and CEO of a managed care plan as well as a senior executive and architect of the clinical strategy of one of the most advanced healthcare systems in the US."

DALE SANDERS JOINS AS SENIOR VICE PRESIDENT

On November 1, 2011, Dale Sanders joined Healthcare Quality Catalyst (HQC) as a Senior Vice President. Mr. Sanders brings more than 28 years of experience leading IT organizations and initiatives, 14 of which are in healthcare. Mr. Sanders will play a number of strategic roles including developing new HQC products and providing thought leadership for customers and prospects.

"I was attracted to HQC by the opportunity to use data-driven decision support to make an enormous impact on improving our country's healthcare," stated Mr. Sanders. "Fundamental to that effort are data warehousing and business intelligence tools for the analysis of quality, evidence and cost that makes me very excited about the future of healthcare delivery."

Frequently introduced as the leading authority on healthcare data warehousing and business intelligence in the United States, Mr. Sanders has a long history of success leading clinical IT efforts to improve care. In addition to his role at HQC, Mr. Sanders will continue serving as the Senior Technology Advisor and Chief Information officer (CIO) for the National Health System in the Cayman Islands. He also served as a CIO with the Northwestern University Medical Center and Regional Director of Medical Informatics at Intermountain Healthcare.

"We are thrilled that Dale has joined the team we're assembling at HQC," said Dr. David Burton, CEO of HQC. "Dale joins us at a time when the need for HQC's solutions has never been greater and the market forces have never been better aligned to finally realize dramatic improvements in healthcare."

LARRY GRANDIA APPOINTED TO HQC'S BOARD OF DIRECTORS

On November 10, 2011, Healthcare Quality Catalyst (HQC) announced the election of Larry Grandia to its board of directors. Mr. Grandia brings more than 40 years of business and technology leadership experience to the HQC board.

"I've had the good fortune of being actively involved in the healthcare IT field since 1968—more than half that time as CIO at Intermountain." observed Mr. Grandia. "During my career, significant progress has been made in the application of IT to improve healthcare delivery. HQC is the first company to fill the significant clinical gap for the data analysis to drive quality and cost in healthcare."

Mr. Grandia was executive vice president and chief technology officer of Premier, Inc., headquartered in San Diego, California, a nationwide alliance of 200 not-for-profit healthcare systems operating or affiliated with approximately 1,500 hospitals. Prior to Premier, he was president and chief executive officer of DAOU Systems, Inc., a publicly traded healthcare information technology professional services company.  Prior to DAOU, Mr. Grandia led IT functions for Intermountain Healthcare., a leading not-for-profit healthcare system based in Salt Lake City, Utah, for more than two decades. He earlier held positions at IBM and at a regional healthcare management engineering and consulting firm.

"Larry is an accomplished CIO and veteran of the healthcare IT industry," said Dr. David Burton, CEO of HQC. "Having worked with Larry for more than two decades, I can attest to the respect people in the industry have for him. We are incredibly fortunate to have him advising our company."

HEALTHCARE QUALITY CATALYST

Headquartered in Salt Lake City and founded in 2008, Healthcare Quality Catalyst is a Sequoia-backed company providing industry-leading healthcare data warehousing software, as well as clinical implementation and process improvement services to help healthcare organizations fundamentally improve patient outcomes and reduce costs. Clients include Allina Hospitals and Clinics, MultiCare Health System, North Memorial Health Care, Stanford Hospital and Clinics, and Texas Children's Hospital.

SEQUOIA CAPITAL

Sequoia Capital partners with founders of startups who are ready to turn their business ideas into companies of enduring value. "The Founders Code" is Sequoia Capital's promise to deliver to founders a set of services to help them realize their great cause.  Today, Sequoia Capital is helping the founders at Airbnb, Dropbox, Evernote, Meraki, MobileIron, Jawbone, Jive, Square, and Tumblr. Founders of market-leading companies that Sequoia Capital has been privileged to work with include Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of NetApp, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of NVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Tony Hsieh of Zappos, Omar Hamoui of AdMob, Steve Streit of Green Dot and Reid Hoffman and Jeff Weiner of LinkedIn.  To learn more about Sequoia Capital, please visit www.sequoiacap.com.

If you would like more information about HQC, please visit www.hqcatalyst.com, contact HQC by phone at (801) 708-6800, or send an email to Chris Keller, Director of Market Research, at [email protected].

SOURCE Healthcare Quality Catalyst