HEALTHCARE QUALITY CATALYST ANNOUNCES SEQUOIA CAPITAL AS ITS INVESTMENT PARTNER

23-Sep-2011

ACCELERATING CARE IMPROVEMENT AND REDUCING COST IS ATTAINABLE USING HEALTHCARE QUALITY CATALYST’S CLINICAL ENTERPRISE DATA WAREHOUSING SOFTWARE

SALT LAKE CITY, September 23, 2011– Healthcare Quality Catalyst Corp. (www.hqcatalyst.com), the leader in healthcare data warehousing, announced the selection of Sequoia Capital as its investment partner. The funds from Sequoia Capital’s investment in HQC will be used to accelerate HQC’s aggressive growth strategy by making its clinical data warehouse more widely available and developing additional software to expand care improvement for health systems. Michael Dixon, Partner at Sequoia Capital, will join HQC’s Board of Directors.

"Healthcare Quality Catalyst has experienced tremendous growth to this point." said Dan Burton, President of HQC. "This is a reflection of the need for a clinically-driven data warehousing solution to enable health systems to unlock the value of their electronic medical record (EMR) investment. With Sequoia Capital as our investment partner, we can accelerate our mission to help health systems solve the quality and cost challenges that are fundamental to improving US healthcare.”

HQC’s solutions are fundamentally improving care and reducing cost in America through a clinical enterprise data warehouse with a healthcare-specific data model and a core set of subject area and source data marts. Additionally, HQC provides key process analysis and ad-hoc data entry software as well as a complete clinical offering necessary to effect organizational change. HQC’s clients span the spectrum of health systems in America in both size and complexity. HQC’s solutions were envisioned by the founders—Steve Barlow and Tom Burton—having had previous experience as a few of the key technology architects of Intermountain Healthcare's clinical integration initiatives.

“HQC’s data warehousing solutions allow clinicians to harness the right data in order to simultaneously improve care and reduce cost,” said Dixon. “We’re excited to participate in this much-needed positive transformation in US healthcare.”

HEALTHCARE QUALITY CATALYST

Headquartered in Salt Lake City and founded in 2008, Healthcare Quality Catalyst is a Sequoia-backed company providing an industry leading healthcare data warehousing software, as well as clinical implementation and process improvement services to help healthcare organizations fundamentally improve patient outcomes and reduce costs. Clients include Allina Hospitals and Clinics, MultiCare Health Systems, North Memorial Health Care, Stanford Hospital and Clinics, and Texas Children’s Hospital.

SEQUOIA CAPITAL

Sequoia Capital partners with founders of startups who are ready to turn their business ideas into companies of enduring value. "The Founders Code" is Sequoia Capital's promise to deliver to founders a set of services to help them realize their great cause. Today, Sequoia Capital is helping the founders at Airbnb, Dropbox, Evernote, Meraki, MobileIron, Jawbone, Jive, Square, and Tumblr. Founders of market-leading companies that Sequoia Capital has been privileged to work with include Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of NetApp, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of NVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Tony Hsieh of Zappos, Omar Hamoui of AdMob, Steve Streit of Green Dot and Reid Hoffman and Jeff Weiner of LinkedIn. To learn more about Sequoia Capital, please visit www.sequoiacap.com.

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If you would like more information about HQC, please visit www.hqcatalyst.com, contact HQC by phone at (801) 708-6800, or send an email to Chris Keller, Director of Market Research, at chris.keller@hqcatalyst.com.