Well being Catalyst, a U.S.-based supplier of healthcare knowledge and analytics for care organizations, introduced it acquired Lumeon, a Boston- and London-based care administration automation startup.
Lumeon’s Care Orchestration expertise automates occasions, duties, actions and workflows for care groups with the goal of enhancing income and easing employees workload.
Well being Catalyst conveyed that it’ll improve and leverage Lumeon’s providing, making it extra strong utilizing Well being’s AI, analytics, and the Well being Catalyst Ignite platform, which permits for knowledge processing capabilities.
The Utah-based firm stated that due to Lumeon’s presence within the UK, it should additionally be capable to develop and pursue alternatives within the area.
“We’re excited to welcome the Lumeon workforce and work alongside them in assist of our shared mission – to allow large, measurable, data-informed healthcare enchancment. Efficient care administration is a necessary a part of a affected person’s scientific care journey, and the addition of Lumeon’s Care Orchestration to Well being Catalyst’s current expertise and providers providing will additional improve the analytics insights made accessible to suppliers searching for to rework scientific care,” Dan Burton, Well being Catalyst CEO, stated in a press release.
THE LARGER TREND
In June, Well being Catalyst acquired oncology-focused healthcare expertise firm Carevive Methods, which affords suppliers a platform and knowledge geared toward enhancing therapy planning, care coordination, scientific trial screening, post-treatment care and distant affected person monitoring.
This week, the info and analytics firm introduced an expanded partnership with nonprofit Contexture, a regional well being info change group centered on enhancing well being knowledge interoperability.
The corporate stated the expanded partnership would supply Contexture’s affiliate, High quality Well being Community, with securely sharing affected person knowledge for its Colorado-based medical, behavioral and social well being suppliers.
It additionally introduced an expanded partnership with South Dakota Well being Hyperlink, a service of the South Dakota Division of Well being.
The expanded partnership, established in 2012, will enable the group to make the most of further Well being Catalyst functions for well being info change throughout the state in addition to in Minnesota, North Dakota, Wyoming, Nebraska and Iowa.
On Wednesday, the publicly-traded firm reported its second quarter 2024 earnings, reporting a complete income of $75.9 million in comparison with $73.2 million in the identical interval final yr.
The corporate declared a web lack of $13.5 million in Q2 2024 in comparison with $32.6 million within the second quarter of final yr. Adjusted EBITDA was $7.5 million in 2024’s second quarter in comparison with $3.5 million on the finish of Q2 final yr.
Well being Catalyst additionally reported that it signed extra web new platform subscription purchasers within the first half of 2024 than in all of 2023 and is on monitor to have the strongest yr within the firm’s historical past relating to web new subscription purchasers.
