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Health Catalyst

Health Catalyst is a leading provider of data and analytics technology and services to healthcare organizations, and is committed to being the catalyst for massive, measurable, data-informed healthcare improvement. Its customers leverage the cloud-based data platform—powered by data from more than 100 million patient records and encompassing trillions of facts—as well as analytics software and professional services expertise to make data-informed decisions and realize measurable improvements.
Mission/Vision
To be the catalyst for massive, measurable, data-informed healthcare improvement
Type of Organization
Vendor - i.e. Established companies, non-startup
Size of Organization
500-1,000
Organization Mailing Address

3165 Millrock Drive #400
Salt Lake City, UT 84121
United States

CORUS Activity-Based Costing Suite
Health Catalyst has partnered with industry-leading health systems to develop a next-generation costing system: the CORUS™ Suite. For the first time, CFOs, physicians, service line leaders, and clinical and financial analysts can dig deep into the true cost of providing care across the continuum and relate those costs to patient outcomes.
Category of Innovation
Innovative Services - Innovative services include new processes, policies or procedures in the health care system that do not fall into the other health care innovation categories
Intended End User
Provider - Individuals or organizations responsible for providing care to patients (e.g. doctors, nurses, hospital/clinic administrators, etc.)
Impactful Innovation Stage (Click Here for Details)
Solution
Problem (i.e. barrier, issue, complication, etc.) being solved for the end user
With leaner margins and fewer resources, healthcare organizations can't adequately manage costs with traditional costing approaches that rely solely on RVUs. In the new reimbursement landscape, leaders need costing systems and data that can answer targeted questions and generate actionable insight.
Idea/solution to the problem, if applicable
Based on more granular data EMR, claims, payroll, and more, CORUS: Costing uses activities—not just RVUs—to deliver an accurate, comprehensive view of all your costs. CORUS: Costing provides a streamlined interface that guides your cost accountants through the costing and validation process.
The reports available in CORUS: Costing serve up the timely, actionable knowledge critical to improving outcomes today and sustaining the organization over the long term. These reports deliver an understanding of the true cost of the services healthcare systems provide, aggregating data from multiple source systems to reveal costs—and improvement opportunities—across the continuum by procedure, provider, and patient.
Level of adoption (i.e. list of customers/users, testimonials, etc.), if applicable
• UPMC
Impact (i.e. measurable outcomes), if applicable
Cost challenges in healthcare are threatening the future of many healthcare organizations and their ability to effectively care for patients. UPMC took on these challenges by partnering activity-based costing and service line operations to gain insight into cost and clinical variation.
• $3 million cost savings/avoidance over 2 years through the implementation of the ERAS program.
• Increased insight into cost variation and drivers of inefficiency in the operating room setting.
Funding Stage
Not Applicable