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 purpose of enhancing income and easing workers workload.
Well being Catalyst conveyed that it’ll improve and leverage Lumeon’s providing, making it extra sturdy utilizing Well being’s AI, analytics, and the Well being Catalyst Ignite platform, which permits for knowledge processing capabilities.
The Utah-based firm mentioned that due to Lumeon’s presence within the UK, it can additionally have the ability to broaden and pursue alternatives within the area.
“We’re excited to welcome the Lumeon staff and work alongside them in help of our shared mission – to allow huge, measurable, data-informed healthcare enchancment. Efficient care administration is a necessary a part of a affected person’s medical care journey, and the addition of Lumeon’s Care Orchestration to Well being Catalyst’s present expertise and providers providing will additional improve the analytics insights made accessible to suppliers searching for to rework medical care,” Dan Burton, Well being Catalyst CEO, mentioned 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, medical trial screening, post-treatment care and distant affected person monitoring.
This week, the information and analytics firm introduced an expanded partnership with nonprofit Contexture, a regional well being data trade group centered on enhancing well being knowledge interoperability.
The corporate mentioned the expanded partnership would offer 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 extra Well being Catalyst functions for well being data trade inside 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 12 months.
The corporate declared a internet lack of $13.5 million in Q2 2024 in comparison with $32.6 million within the second quarter of final 12 months. Adjusted EBITDA was $7.5 million in 2024’s second quarter in comparison with $3.5 million on the finish of Q2 final 12 months.
Well being Catalyst additionally reported that it signed extra internet new platform subscription purchasers within the first half of 2024 than in all of 2023 and is on monitor to have the strongest 12 months within the firm’s historical past relating to internet new subscription purchasers.
