iVantage Health Analytics
Healthcare analytics and business intelligence for hospitals.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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iVantage Health Analytics provides healthcare analytic and decision support tools for hospitals and health systems across the United States. The company was formed in August 2011 through the merger of four healthcare informatics companies: Health InfoTechnics, Performance Management Institute, The Healthcare Management Council, and The Ratings Guy, LLC. One of the co-founders was Tom Day, who previously served as the Head of Health Care at Bain Consulting and CFO of the Advisory Board Company.
The company's core business revolves around its software and services that enable healthcare providers to analyze performance and make informed strategic decisions. Its proprietary VantagePoints platform integrates public, private, and proprietary data to deliver insights on clinical and financial performance, strategic planning, market assessment, and contract optimization. The platform provides tools for market intelligence, performance benchmarking, and revenue optimization, which became particularly crucial with the increased data demands of the Patient Protection and Affordable Care Act (PPACA). iVantage serves a diverse client base, from large health systems to small, rural, and Critical Access Hospitals, for which it has developed specialized solutions.
In October 2013, iVantage acquired Professional Data Services (PDS), enhancing its capabilities in managed care analytics and payment benchmarking to support payor negotiations. A significant milestone occurred in November 2015 when The Chartis Group, a national healthcare advisory firm, acquired iVantage Health Analytics. This acquisition was intended to combine Chartis's strategic advisory expertise with iVantage's analytical tools to offer more comprehensive solutions to healthcare providers.
Keywords: healthcare analytics, business intelligence, hospital performance management, clinical benchmarking, financial performance, strategic planning, market intelligence, contract optimization, rural hospitals, The Chartis Group, VantagePoints platform, revenue optimization, decision support tools, healthcare informatics, critical access hospitals