Comparing the current results to its competitors, Health Catalyst Inc reported Revenue decrease in the 1 quarter 2026 year on year by -10.9 %, despite the revenue increase by the most of its competitors of 16.85 %, recorded in the same quarter.
Health Catalyst Inc , despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 23.91 %
Health Catalyst Inc 's Comment on Competition and Industry Peers
The company operates in a competitive environment that includes industry-agnostic analytics firms, electronic health record (EHR) providers, point solution vendors, and healthcare organizations utilizing internal analytics systems. Industry-agnostic competitors comprise IBM, Databricks, Snowflake, Microsoft, Tableau CRM, and Qlik. EHR competitors include Oracle Health and Epic Systems. Point solution competitors consist of Optum Analytics, Premier, Arcadia.io, Strata Decision Technology, Craneware, Innovaccer, and Intersystems. Key competitive factors encompass client satisfaction, ease of deployment, solution functionality, data insight capabilities, brand reputation, technology platform, customization, cost, innovation, client base size, regulatory compliance, healthcare domain expertise, and integration capability. Several competitors possess greater financial and technological resources, stronger brand recognition, and more established distribution networks and healthcare provider relationships, allowing them to respond more rapidly to technological changes and invest more heavily in research and development, acquisitions, marketing, patent activities, litigation, and capital equipment financing.
Snowflake Inc's business model revolves around providing a cloud-based data warehousing platform for enterprises. They enable organizations to store, manage, and analyze their data on a scalable infrastructure. Snowflake generates revenue by charging customers based on the amount of data stored and the computing resources utilized, offering a pay-as-you-go model.
Phreesia Inc operates on a software-as-a-service (SaaS) business model, offering a patient intake platform for healthcare organizations. They provide electronic patient registration, secure data collection, and customizable workflows to streamline the check-in process. Their revenue is generated through subscription fees paid by healthcare providers for utilizing their platform and services.
Ontrak Inc is a healthcare technology company that offers a unique business model focused on personalized and data-driven interventions for individuals with behavioral health conditions. They provide remote coaching and monitoring services, helping individuals make positive behavioral changes to improve their overall health and well-being. Their business model combines advanced analytics, software-as-a-service platform, and a team of behavioral health coaches to deliver scalable and effective care management solutions.
Sources:
Health Catalyst Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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