Dan Burton Discusses Health Catalyst’s Partnership Model and Partners’ $1 Million Investment
Rob Waters, Director of Program Development with HITC, this week connected with Dan Burton, CEO, Health Catalyst to discuss Partners Healthcare’s recent $1 million investment.
Dan serves as CEO and Board Member at Health Catalyst, a nationally recognized leader in healthcare data warehousing and analytics, headquartered in Salt Lake City, Utah.
Rob Waters: Partners HealthCare recently made a $1 million equity investment in Health Catalyst, what does this mean for Health Catalyst and how does Partners benefit as an investor?
Dan Burton: Health Catalyst has found great value in developing deep relationships with its clients. The relationship with Partners includes three dimensions, all of which contribute to a genuine partnership: first, there is a significant commercial relationship—Partners has selected the Health Catalyst Data Warehouse as its enterprise-wide data platform. Second, Partners and Health Catalyst have entered into a co-development relationship where we are committed to co-developing analytic applications that run on top of the data warehouse platform. And third, Partners has become an investor in Health Catalyst, which aligns our organizations and deepens the relationship further.
Rob Waters: Other large health systems such as Kaiser Permanente and Indiana University have also made equity investments, was this always part of Health Catalyst’s strategy to co-develop value-added applications on top of Health Catalyst’s Enterprise Data Warehouse (EDW)?
Dan Burton: This is a fundamental part of Health Catalyst’s strategy–we have found that the best partnerships we have developed have been with our client health systems, particularly those who are recognized leaders nationally. We will soon be adding health system clients to the list of co-development partners, and we are grateful for the deep relationships we have with IU Health and Kaiser on the investment side.
Rob Waters: Partners HealthCare is certainly recognized as a national leader in delivering accountable and coordinated care to help drive down costs, are there any specific projects that both organizations felt would immediately benefit from applying Health Catalyst’s technology and why were they selected?
Dan Burton: We are still finalizing what applications we will co-develop, but there is a high likelihood that our co-development efforts will tap into the deep experience Partners has gleaned from being one of the nation’s largest ACOs. We are excited about the applications that will be developed through this partnership that will likely be relevant to every ACO and population health effort in the country.
Rob Waters: What are some of the timelines for establishing EDW and beginning to build applications at Partners?
Dan Burton: We just kicked off the EDW implementation project in June, and we expect meaningful achievements by the end of this year. We will be kicking off co-development work this fall, and would expect meaningful products developed by the first half of 2014
Rob Waters: You recently announced the introduction of Health Catalyst 2.0, how can customers such as Partners leverage some of these improvements?
Dan Burton: Partners will be deploying all of the latest advances to the Health Catalyst platform as part of our EDW deployment, and we expect all of our health system clients to leverage these new benefits very soon—they are all entitled to these advances through their maintenance and support contracts, and we are excited to facilitate the migration to this advanced platform in the months ahead.
Dan Burton became involved as an investor and as the business leader of Health Catalyst when it was a three-person startup. Since that time Health Catalyst has realized triple-digit annualized revenue growth, expanded its platform reach to over 20 million patients, and dramatically increased its employee base, product line and access to capital. Investors include Sequoia Capital, Norwest Venture Partners, Sorenson Capital, HB Ventures, Kaiser Permanente Ventures, Partners HealthCare, and CHV Capital.
Mr. Burton has held positions such as CEO, President, Board Member and Chief Marketing Officer with a number of other small-to-midsize companies affiliated with HB Ventures, helping to enable these organizations to realize growth and success. He is also the co-founder of HB Ventures, the original investor in Health Catalyst. Prior to Health Catalyst and HB Ventures, Mr. Burton led the Corporate Strategy Group at Micron Technology. He also spent eight years with Hewlett-Packard in strategy and marketing management roles, including building and managing a technology infrastructure business. Before joining HP he was an associate consultant with the Boston Consulting Group, where he advised healthcare systems and technology companies. Mr. Burton holds an MBA with high distinction from Harvard University, where he was elected a George F. Baker Scholar, and a BS in economics, magna cum laude, from BYU.
Health Catalyst provides a transformational approach to healthcare analytics and data warehousing. Catalyst deploys a unique Late-Binding™ Data Warehouse that enables healthcare organizations to automate extraction, aggregation and integration of clinical, financial, administrative, patient experience and other relevant data and apply advanced healthcare analytics to organize and measure clinical, patient safety, cost and patient satisfaction processes and outcomes. Developing this information management capability is crucial to shifting to evidence-based care required to succeed under the new shared accountability models of value-based purchasing and risk payment models such as ACOs.
Health Catalyst is a Gold Sponsor at the 2013 Accountable Care & Health IT Strategies Summit, held at the Hyatt Fisherman’s Wharf, San Francisco, September 10-12.
Join the session!
Implementing an Effective Enterprise Data Warehouse (EDW) for accountable Care Success, presented by Dr John Haughom, CMO and SVP, HealthCatalyst Thursday September 12th Register to attend Early bird ends August 16th