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August 8, 2019

Ringing the Bell with Health Catalyst

health catalyst at NYSE

We are beyond thrilled to congratulate Health Catalyst on its debut as a publicly-traded company and want to honor their tremendous success to date.

Health Catalyst started in 2008 with the vision to transform all healthcare decisions with data.

Over the years, Health Catalyst has become a leader in healthcare data and analytics technology and services, and has forged strong relationships with customers ranging from some of the largest US health systems to innovative physician practices. Health Catalyst’s technology and services are being utilized at more than 125 leading organizations including Allina Health, UPMC, and Partners HealthCare.

Health Catalyst’s customers leverage its cloud-based data platform—powered by data from more than 100 million patient records—as well as its analytics software and professional services expertise to make data-informed decisions for their organizations and patients, and realize clinical, financial, and operational improvements.

Mission-Driven from the Start

Norwest Senior Managing Partner, Promod Haque first invested in Health Catalyst and became a board member in 2012. He was immediately impressed with co-founders Tom Burton and Steve Barlow and their mission to reimagine and improve healthcare using data. Shortly after Health Catalyst appointed early investor and advisor Dan Burton to CEO.

At this time, there was also a major shift in the healthcare industry toward leveraging data and analytics for a more efficient experience. With their established partnerships, experienced team with diverse backgrounds in the medical field and future-looking vision, we knew Health Catalyst was going to be a leader in health tech, and were excited to help them build something big.

Fast forward to 2019 and Dan Burton has led the company’s growth to more than 700 team members. It’s been extraordinary to watch the team scale while continuing to invest in a strong company culture rooted in transparency. The company is lucky to have dedicated team members with deep industry experience that are committed to transforming healthcare, and their strong culture and shared values have played a crucial role in their success.

IPO and Beyond

In the healthcare space, our investment team at Norwest is excited by novel ways to integrate disparate data sources to make care more personalized, efficient and cost effective. We’re proud to say Health Catalyst checked all the boxes, but they’re not done yet! There’s so much more to do in this industry and we can’t wait to see what they accomplish next.