Dive Brief:
- Boston-based Partners HealthCare has entered into an alliance with vendor Health Catalyst to advance population health management through the sharing of best practices, intellectual property, technology and training.
- Although the two have been quiet on the financial aspects of the deal, at least $30 million is involved, suggests Healthcare IT News. The news organization reports Partners raised its equity ownership stake in Health Catalyst, while the vendor is investing its money, time and effort in the initiative.
- Dr. Timothy G. Ferris, Partners' senior vice president of population health management, is slated to lead a new population health management center at Partners where teams from both companies will train.
Dive Insight:
The goal is to commercialize new technology created by Partners HealthCare under the Health Catalyst platform, to lead the way toward broader outcomes transformation at healthcare organizations across the US.
"We saw some of the innovations they had developed, specifically in the area of care management and population health management, as being very, very impressive," Health Catalyst CEO Dan Burton told Healthcare IT News.
As part of the agreement, Health Catalyst is providing Partners with an enterprise-wide subscription to the "entire library of everything we have built, everything we are building, everything we will build in the future," Burton said.
The updated agreement between Partners HealthCare and Health Catalyst covers four points:
- The two will collaborate via a new Partners HealthCare Center for Population Health focused on best practices for care management and population health, and Health Catalyst will disseminate the best practices to other clients across the US.
- Health Catalyst is licensing innovations created through its programs and plans to commercialize them to benefit other health systems.
- As part of Partners' expanded technology subscription with Health Catalyst, a portion of that revenue will be connected to the attainment of measureable improvements in Partners' clinical and financial performance.
- Partners HealthCare, which first invested in Health Catalyst in 2013, is increasing its equity ownership stake.