SALT LAKE CITY, Nov. 16, 2016 /PRNewswire/ -- Health Catalyst®, a leader in healthcare data warehousing, analytics and outcomes improvement, today announced it ranked 97 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015. Health Catalyst revenue grew 998 percent during this period.
Health Catalyst previously ranked 136th as a Technology Fast 500™ award winner for 2015.
Health Catalyst CEO Dan Burton attributes the company's growth to the increasing demand for technologies and processes that improve clinical and financial outcomes and enable healthcare organizations to thrive under the fast evolving system of value-based reimbursement. Burton said: "We are honored to be named among the nation's fastest growing companies. This recognition is a reflection of our customers' success in using Health Catalyst's analytics platform to systemically improve clinical and financial outcomes."
The Health Catalyst Data Warehouse and Analytics Platform™ forms the information foundation for value-based performance at some of the nation's largest health systems, serving more than 70 million patients overall. The company's Technology Fast 500 ranking is one of several accolades received in the previous 12 months including:
The Inc. 500 2016 list of the fastest growing private companies
Fortune, "Best Medium-Sized Workplaces"
Modern Healthcare, "Best Places to Work in Healthcare"
Utah Business, "Best Companies to Work For"
Utah Business, "Fast 50 Companies"
Mountain West Capital Group, "Utah Top 100"
Additionally, the respected healthcare technology research group, KLAS, in its November 2016 report on enterprise business intelligence vendors, gave Health Catalyst the highest overall score and the highest score for "proactive service." The report marks the fourth time in three years that Health Catalyst has been recognized as a top performer in the healthcare BI market by KLAS.
"This year's Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead," said Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors."
About Deloitte's 2016 Technology Fast 500™ Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
About Health Catalyst Health Catalyst is a mission-driven data warehousing, analytics and outcomes-improvement company that helps healthcare organizations of all sizes perform the clinical, financial, and operational reporting and analysis needed for population health and accountable care. Our proven enterprise data warehouse (EDW) and analytics platform helps improve quality, add efficiency and lower costs in support of more than 70 million patients for organizations ranging from the largest US health system to forward-thinking physician practices. For more information, visit https://www.healthcatalyst.com, and follow us on Twitter, LinkedIn and Facebook.