Health Catalyst Inc., a Salt Lake City-based provider of data and analytics technology and services to healthcare organizations, has released 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, the applications provide ways to prioritize and monitor progress on elective surgery backlog, outpatient visit backlog and revenue cycle. The apps are built on the Health Catalyst Data Operating System.
Dan Unger, senior vice president and general manager of Health Catalyst’s Financial Transformation Business unit, said, “The pressure of COVID-19 has amplified the need for visibility into revenue capture and cash acceleration. The Financial Impact Recovery 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.”
“These Health Catalyst applications are part of a bigger path to recovery,” said Dan Burton, Health Catalyst CEO. “Building recovery plans is as complex as fighting the pandemic. We are grateful to our clients for continuing to trust and turn to Health Catalyst to improve the understanding of the relative clinical implications of reintroducing certain procedures, assess the related costs and determine which procedures will help recover losses the most quickly without propagating the spread of the coronavirus.”