Business
Health Catalyst Offers Planning Resources for COVID-19 Recovery
Solutions Support Best Patient Outcomes in Post-Pandemic Operations SALT LAKE CITY, July 28, 2020 /PRNewswire/ -- Health Catalyst, Inc. ("Health Catalyst,"
About this update from Health Catalyst, Inc
[{"type":"text","content":"Solutions Support Best Patient Outcomes in Post-Pandemic Operations\n\n\nSALT LAKE CITY, July 28, 2020 /PRNewswire/ -- Health Catalyst, Inc. (\"Health Catalyst,\" Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, today announced the release of its Financial Impact Recovery applications. Designed to support hospital and healthcare systems' COVID-19 financial recovery as they navigate the dynamics of patient care during a pandemic, these applications provide meaningful ways to prioritize and monitor progress on elective surgery backlog, outpatient visit backlog and revenue cycle. These solutions, which have rapid implementation timelines, are built on the Health Catalyst Data Operating System (DOS™).\n\n \n \n \n \n \n \n\n \nDan Unger, Senior Vice President and General Manager, Health Catalyst Financial Transformation Business, said, \"The pressure of COVID-19 has amplified the need for visibility into revenue capture and cash acceleration. The Financial Impact Recovery: Revenue Cycle Launch application provides targeted insights for revenue cycle operations and enables analysts to create patient-level worklists focused on the greatest opportunity for revenue recovery. Revenue cycle leadership can monitor opportunities and track progress of revenue recovery over time.\"\nFifteen Health Catalyst clients are already using these applications, including Banner Health, a leading non-profit health system for clinical quality, headquartered in Phoenix, Arizona. Banner operates 28 hospitals, including three academic medical centers, and other related health entities and services in six states. While well prepared to respond to the pandemic, Banner suspended elective surgeries to ensure adequate resources were available for COVID-19 patients. The organization needed to better understand the financial impact of COVID-19 before developing a recovery plan allowing for resumption of high-quality surgical care while monitoring financial performance. The needed data for analysis was buried in the EMR and financial systems, making it challenging to gather, view and analyze. \n\"To best support our system's return to post-pandemic operations, we needed a data-informed recovery plan that integrated clinical, financial and operational data and analytics. Using the Financial Impact Recovery ...