Health IT, Hospitals, Startups

Ohio State University data analytics spinoff nabs $5M from health system investors

A business intelligence and healthcare analytics company spun out of Ohio State University Wexner Medical […]

A business intelligence and healthcare analytics company spun out of Ohio State University Wexner Medical Center by its former CIO has raised $5 million from health system investors.

Health Care DataWorks will use the equity investments from MemorialCare Innovation Fund and Cedars-Sinai Health System to further product development and build infrastructure to scale the business, according to CEO Jeffrey Wilkins.

The company provides hospitals with an enterprise data warehouse called KnowledgeEdge that includes dashboards, reports and applications. Its products and services enable health systems to combine and aggregate vast amounts of data – from patient records, billing information and scheduling systems, for example – to gain deeper insights into their operations.

In a sea of healthcare data analytics software from big companies like IBM, Microsoft and Oracle and countless other smaller players, Wilkins said Health Care DataWorks is different because of the flexibility it offers by virtue of the underlying data model, which was developed over a period of 17 years at Ohio State University before it was licensed to the company in 2008.

So far the company has found traction with nine health system clients, including Orlando Health, OhioHealth and Cedars-Sinai Health System. The Columbus, Ohio-based company employs about 65 people.

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