| hc1 |
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| 6100 Technology Center Drive, Indianapolis, IN 46278 hc1.com Contact: info@hc1.com Twitter: @hc1dotcom |
For-profit | |
| Role(s) | • hc1 is is the leader in identifying real-time insights and risk signals in complex laboratory data. • hc1 solutions empower thousands of laboratory locations to leverage the insights within their data to optimize laboratory operations for thousands of locations and inform testing and treatment decisions for millions of patients. • hc1 enables healthcare providers to deliver personalized healthcare to every patient, efficiently and profitably, at scale, by identifying bioinformatics signals within vast data sets in real-time. hc1 drives action for patients to get precise diagnostic tests and prescription regimens needed to improve outcomes while lowering costs. • Who hc1 serves: diagnostic laboratories, health systems, health plans, and IDNs |
| Mission | Vision: Improving Lives with Precision Health™ Mission: Right Patient. Right Test. Right Prescription® |
| History | 2011: hc1 is founded with the belief that transforming lab data into personalized healthcare insights at scale could bring precision medicine to all patients. 2013: Sonic Healthcare, the largest international lab and third-largest commercial lab in the US, adopts hc1 CRM™ to power its US division, driving hc1 platform and development process improvements. 2016: Amazon Web Services certifies hc1 as an APN Advanced Technology Partner with AWS Healthcare Competency Status. 2017: Based on client feedback, KLAS Research rates hc1 CRM™ as the highest-scoring Healthcare CRM platform. 2017: The hc1 Opioid Dashboard delivers national insights aimed at decreasing opioid abuse. 2019: hc1 purchases assets of GeneAlign, LLC to accelerate the development of precision prescribing solutions. 2019: Quest Diagnostics, the largest provider of lab testing in the US, partners with hc1 to offer Quest® Lab Stewardship™ to optimize laboratory test utilization. 2020: In response to the COVID-19 pandemic, hc1 builds the free public health CV19 Lab Testing Dashboard™ to show the prevalence of SARS-CoV-2 in communities nationwide and hc1 Workforce Advisor™ to support safe return-to-work programs. 2020: hc1 and Becker’s Healthcare host the first Precision Health Virtual Summit, which introduces the category of Precision Health Insight Networks (PHINs). 2021: hc1 celebrated a 10th year of successful operations. 2021: The hc1 Platform®, along with the hc1 corporate headquarters located in Indianapolis, secured HITRUST Risk-based, 2-Year (r2) certification for information security. 2022: hc1 partners with Managed Markets Insights (MMIT) to match precise patient needs with optimal therapies by clinician, driving precision diagnostics and patient outcomes. 2022: hc1 Sendout Management™ is introduced to help labs optimize their reference lab spending by providing real-time visibility into sendout testing volume, reference lab performance and cost. 2023: An add-on for hc1 Performance Analytics, hc1 Order Oversight™ became available to help health systems and lab leaders improve quality of care and reduce costs by identifying opportunities to align provider ordering habits with testing best practices. |
| Org | 69 full-time team members in Indiana, 25 full-time team members in other states, and 20+ contractors (67% engineering and technical services). Plus, more than 250 quota-carrying sales representatives dedicated to marketing and selling hc1’s solutions via distribution partners. Leadership: • Brad Bostic, Founder, Chairman, and CEO • Michael Braverman, President, hc1 Insights • Chris Brown, COO • Charlie Clarke, SVP Technology • Michael Braverman, SVP Service Delivery • Laura Breedlove, SVP Product • Lori Smith, SVP Talent • Shelly Simeone, VP of Legal and Corporate Compliance Officer |
| Board | • Brad Bostic, Chairman • John Baker • Mark Shary |
| Finance | Approximate Institutional Equity Funding Raised To-Date: ~$70M Key Funding Sources: • Health Cloud Capital • NWS Holdings • Elevate Ventures |
| Data Source | • Live, transactional integrations to over 20,000 diagnostic ordering locations nationally. • Massively Parallel Processing (MPP) cloud data lake of over 40 billion diagnostic results, increasing by >500M results per month, which are organized into a rich health matrix and enriched via hc1 machine learning (ML) models • 260 million unique patient profiles with longitudinal lab testing records |
| Data Access | The hc1 Connect® integration engine can ingest data from EMRs, LIS, and other systems via any data format and protocol. Most integrations are via live HL7 feeds or real-time APIs. File-based integrations are used in less sophisticated client settings. |
| Tech Capabilities | • Software architecture takes full advantage of AWS HIPAA-compliant offerings, providing a secure, scalable, and performant environment for enterprise workloads. • hc1 Connect® combined with the hc1 data refinery can ingest, normalize, and organize live data from disparate sources and feed it into user-friendly analytics and services. • The hc1 Platform® can be modified to meet differing organizational needs, such as authentication, automation, user interface customization, and notification. |
| Projects | • hc1 Performance Analytics™ connects disparate lab data sources to deliver real-time insights. Dashboards and reports designed specifically for the lab provide an actionable view of volume, turnaround time and spend metrics to drive superior performance and care. • hc1 Operations Management™ combines clinical and business data in a HIPAA-compliant environment to provide analytics to empower lab teams to collaborate in real time to uncover meaningful insights, work more efficiently and enhance customer relationships. • hc1 PrecisionDx Advisor™ analyzes test orders for adherence to clinical guidelines to reduce clinical variation in testing, which in turn reduces costs and improves patient outcomes. • hc1 Sendout Management™ helps hospital and commercial labs optimize their reference lab spending by providing real-time visibility into sendout testing volume, reference lab performance and cost. |
| Future Focus | Clinical laboratory professionals are being asked to do more with less as 73 percent of labs are currently understaffed. hc1 is seeking to ease that burden with the development of its hc1 Workforce Optimization™ solution for labs that connects timekeeping data with testing data to optimize staffing based on volume by department. Given the high stakes for organizations and the great need for solutions that are aligned with ensuring staffing levels and labor costs are optimized, Workforce Optimization will provide capabilities for forecasting and recommendations in a near-turnkey solution to ensure lab departments and teams are adequately staffed based on their expected workload. Lab leaders can request a demonstration as part of a limited early-adoption opportunity prior to the general availability launch later in 2023. |
| Talent Development | We support Indiana talent development organizations such as TechPoint (Xtern Program). We also support our employees' request to participate in training with approval by their manager. |
| Data Sharing Agreements | • Standard client agreements enable aggregation of normalized, enriched, de-identified, longitudinal data to power insights for benchmarking, local risk analysis, and research. • Bamboo (formerly Appriss) Health agreement to integrate with their live PDMP data to deliver hc1 Opioid Advisor®, which compares toxicology drug test results to prescription data to ensure patients are complying with safe medication programs. • MMIT is leveraging hc1 diagnostic data insights to help pharmaceutical companies identify providers with patients that can benefit from their therapies |
| Programs/ Publications | • hc1 regularly publishes a blog that can be read and subscribed to at www.hc1.com/blog. • hc1 attends and hosts top healthcare conferences and webinars. For more information about the latest events involving hc1, visit www.hc1.com/events. |