Health Catalyst
Health Catalyst, founded in 2008 and headquartered in Salt Lake City, Utah, provides data and analytics technology and services to healthcare organizations.
Profile
Health Catalyst provides data and analytics tools to help healthcare organizations improve patient outcomes and operational efficiency.
Health Catalyst, founded in 2008 and headquartered in Salt Lake City, Utah, provides data and analytics technology and services to healthcare organizations. The company focuses on helping health systems improve clinical, financial, and operational outcomes through its three-part solution: insights applications, a healthcare-specific data and analytics platform, and expert services. Health Catalyst serves over 1,100 healthcare organizations, with 390 documented case studies and $2.8 billion in client-validated outcomes.
In Q1 2026, the company reported revenue of $70.76 million, a 10.9% decrease year-over-year, but beat analyst expectations. Adjusted EBITDA was $9.1 million, up 46% from the previous year. Health Catalyst's client base includes vertically integrated health systems like Carle Health, which has achieved measurable improvements in substance use disorder treatment and other areas.
The company faces challenges from declining revenue and a stock price down 33.8% year-to-date as of June 2026, trading at $1.51 per share, 66.6% below its 52-week high. Recent leadership under CEO Ben Albert emphasizes a strategic reset to focus on high-conviction technology opportunities.
Who buys this
- Vertically integrated health systems
- Hospitals and hospital networks
- Physician groups
- Health plans
- Academic medical centers
Publicly disclosed clients
- Carle Health
Strengths and what to watch
Strengths
- Proven track record with over 390 case studies and $2.8 billion in validated improvements
- Deep healthcare-specific expertise with 17 years in the industry
- Comprehensive three-part solution combining technology, applications, and services
Watch for
- Revenue decline of 10.9% year-over-year in Q1 2026 despite beating expectations
- Stock price down 33.8% year-to-date as of June 2026, trading far below 52-week high
- Leadership transition with new CEO Ben Albert implementing strategic reset
Recent moves
Key Information
- Founded
- 2008
- Headquarters
- Salt Lake City, Utah
Frequently Asked Questions
What does Health Catalyst do?
Health Catalyst provides data and analytics tools to help healthcare organizations improve patient outcomes and operational efficiency. Their solutions include insights applications, a healthcare-specific data platform, and expert services, serving over 1,100 organizations with documented case studies.
How does Health Catalyst improve healthcare outcomes?
Health Catalyst improves healthcare outcomes by offering a three-part solution: insights applications, a healthcare-specific data and analytics platform, and expert services. This approach has led to $2.8 billion in client-validated improvements across clinical, financial, and operational areas.
What are Health Catalyst's financial results for Q1 2026?
In Q1 2026, Health Catalyst reported revenue of $70.76 million, a 10.9% decrease year-over-year. Despite this, they beat analyst expectations, with adjusted EBITDA rising 46% to $9.1 million, reflecting strategic adjustments under new leadership.
Who are Health Catalyst's notable clients?
Health Catalyst serves over 1,100 healthcare organizations, including vertically integrated health systems like Carle Health. Their solutions have helped clients achieve measurable improvements in areas such as substance use disorder treatment and operational efficiency.
What challenges is Health Catalyst facing?
Health Catalyst faces challenges including a 10.9% revenue decline in Q1 2026 and a stock price down 33.8% year-to-date. New CEO Ben Albert is implementing a strategic reset to focus on high-conviction technology opportunities.
What is Health Catalyst's leadership strategy?
Under CEO Ben Albert, Health Catalyst is undergoing a strategic reset to focus on high-conviction technology opportunities. This approach aims to address financial challenges and leverage their proven expertise in healthcare data analytics to drive future growth.
Sources
- www.healthcatalyst.com — Client count, case studies, and measurable improvements
- finance.yahoo.com — Q1 2026 financial results and stock performance
- www.healthcatalyst.com — Case study count and client examples
- ir.healthcatalyst.com — Q1 2026 financial results and leadership commentary