Listen to this articleCatalyze has taken the lead in compliance and security by becoming one of the first Business Associates to become HITRUST CSF Certified. Catalyze CEO and Chief Privacy Officer Dr. Travis Good was recently named as a founding member to its newly-formed HITRUST Business Associate Council. The company has recently announced a $6.5 Million Series B funding round. Below is our interview with Marcia Noyes, Director of Communications at Catalyze:
Q: Marcia, tell us something more about the Catalyze and your history?
A: Catalyze started in 2013 when co-founders Travis Good, MD and Mohan Balachandran encountered and then solved a problem that all healthcare IT vendors face — HIPAA compliance in the cloud. They solved the challenge with a cloud-based HIPAA compliant infrastructure (now called Stratum). Madison-based Catalyze then solved another challenge for vendors in 2015 by simplifying EHR integration with an end-to-end process called Redpoint. Catalyze has taken the lead in compliance and security by becoming one of the first Business Associates to become HITRUST CSF Certified. In 2016, HITRUST Alliance named Catalyze CEO and Chief Privacy Officer Dr. Travis Good as a founding member to its newly-formed HITRUST Business Associate Council.
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Q: Could you please give us more insights into Catalyze products and their functionalities?
A: Catalyze currently has two products: Stratum and Redpoint. Stratum is a cloud-based, HIPAA compliant infrastructure upon which development teams can build their healthcare technologies with confidence that their solutions will be secure, private and compliant. Redpoint is Catalyze’s end-to-end EHR integration solution that manages and solves all the questions a development team would have when data exchange is required. Unlike many solutions that address only one aspect of EHR integration, Redpoint takes a holistic approach to solve all the challenges with EHR connections.
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Q: For whom are your products intended? What are the main benefits of using them?
A: Healthcare development teams — small to large healthcare IT vendors or development teams found in hospital system, payer or pharma innovation groups.
Benefits in using Stratum and/or Redpoint:
- Confidence that a development team’s technology will be secure and maintain privacy within the constraints of healthcare regulation.
- Speed through which a development team can go-to-market with their technology solutions
- Ease of which EHR solutions can be saled from one to 100 or more
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Q: You’ve recently announced a $6.5 million series B funding round; what are your plans?
A: Catalyze will continue to stay in front of healthcare industry developments and supply cloud-based technology solutions for healthcare’s transformation from fee-based to value-based care.
Q: How does the future look like for your company in general?
A: Catalyze will continue expansion of its sales and marketing efforts to address the challenges of healthcare’s care transformation.
Last Updated on November 22, 2016
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