Able Health

Able Health, founded in 2015 by Steve Daniels and Rachel Katz, developed a cloud-based data and analytics platform tailored for physician organizations to navigate the complexities of value-based healthcare programs. The company's primary offering simplified the administration of quality measurement and reporting, enabling healthcare providers to improve performance and secure higher reimbursements based on patient outcomes. Its software aggregated patient data from disparate sources like electronic health records (EHRs) and claims databases. This integration provided a unified view for calculating performance on quality measures, such as HEDIS and Medicare standards, and identifying opportunities for clinical improvement.

The platform was designed to facilitate the transition from fee-for-service to value-based payment models, a significant shift in the healthcare industry. By generating checklists, outreach lists, and automated feedback reports, Able Health empowered care managers and physicians to proactively meet their improvement goals. The company gained early traction after participating in the Winter 2016 batch of the Y Combinator accelerator program. This milestone was followed by several funding rounds, including a Series A in February 2020, accumulating a total of $4 million from investors like Great Oaks Venture Capital and Refactor Capital. In February 2020, Health Catalyst acquired Able Health for a reported $21.5 million. The acquisition integrated Able Health's quality measurement capabilities into Health Catalyst's broader Data Operating System (DOS), enhancing its ability to offer a comprehensive solution for healthcare providers focused on improving patient outcomes and managing costs.

Keywords: quality measurement, value-based care, healthcare analytics, physician organizations, HEDIS, Medicare measures, clinical data integration, performance improvement, healthcare reimbursement, patient outcomes, pay-for-performance, risk adjustment, Health Catalyst, Y Combinator, Steve Daniels, Rachel Katz, EHR data, claims data, MIPS reporting, care management