Company:Datavant

From HandWiki
Datavant
TypePrivately held company
IndustryHealth information technology
Founded2017
HeadquartersPhoenix, AZ
Key people
  • Travis May, Founding CEO
  • Kyle Armbrester, CEO
SubsidiariesCiox Health
Websitedatavant.com

Datavant is a health information technology company based in Phoenix, Arizona, USA, which develops and maintains a digital ecosystem for the exchange of healthcare data.[1][2] Datavant's clients include clinical research organizations, pharmaceutical companies, payers, analytics companies, hospitals, and providers, operating primarily in the US healthcare market.[3]

Along with the Health Care Cost Institute, Snowflake, Elsevier, Parexel, and others, Datavant operates the COVID-19 Research Database, which "enables public health and policy researchers to use real-world data to understand and combat the COVID-19 pandemic".[4][5]

History

Datavant was co-founded by Travis May in 2017 with a focus on data management in support of clinical trials.[6] Datavant's founding CEO was Travis May, a former co-founder of LiveRamp.[6] The company received a $40.5 million Series A investment in 2018 led by Roivant Sciences,[7] followed by a $40 million Series B investment in 2020. In June 2021, Datavant entered into a $7 billion dollar deal to merge with the healthcare information management company Ciox Health.[8][9] Following the merger, May became president and joined the company's board, while Ciox's CEO Pete McCabe become the CEO of the joint entity that continued under the Datavant name.[10] Also in June 2021, Datavant announced a partnership with Biodesix, a life sciences diagnostics solutions company.[11] Since May 2024, the CEO of Datavant is Kyle Armbrester. [12]

Ciox Health

Ciox Health was formerly known as HealthPort Incorporated and changed its name to CIOX Health in March 2016. The company was founded in 1976 and is headquartered in Alpharetta, Georgia.[13]

Ciox Health was created by the merger of HealthPort, IOD Inc., Care Communications Inc. and ECS. It served more than 18,000 provider sites, 140 health plans and 1 million unique requesters of patient information.[14]

In April 2017 Ciox Health acquired ArroHealth, a provider of chart retrieval and risk adjustment services for health plans and health care provider groups. The Hauppauge, New York-based target offers a variety of services, including: analytics, medical record retrieval, data aggregation, and risk adjustment coding.

2021

In July 2021, CIOX Health discovered an unauthorized individual had gained access to the email of an employee in the customer service department. The email account was immediately secured, with the subsequent investigation confirming the email account had first been accessed by an unauthorized individual on June 24, 2021, and access remained possible until the security breach was detected on July 2, 2021.[15] CIOX health started notifying affected healthcare provider clients about the breach on December 30, 2021.

The HIPAA security breach was reported to the HHS Office for Civil Rights by CIOX Health as affecting 12,493 individuals.[16]

2022

In 2022, Ciox Health agreed to pay $1.85 million to resolve class action lawsuit claims it charged unfair fees for electronic copies of consumers’ medical records.[17]

2024

March

On March 25, 2024, NOSSCR filed a complaint against CIOX Health with the U.S. Department of Health and Human Services’ Office of Civil Rights, claiming that CIOX Health’s practice was to require prepayment of fees, delaying the records and causing a considerable amount of wasted time on behalf of those requesting records.[18]

May

On May 2024, according to information submitted to the Maine Attorney General,[19] a Datavant user's mailbox was accessed and exposed over 11,000 thousand individuals.[20]

References

  1. ↑ "Datavant Company Profile: Funding & Investors | PitchBook" (in en). https://pitchbook.com/profiles/company/228235-78. 
  2. ↑ "Connecting Health Data to Improve Patient Outcomes" (in en-US). https://datavant.com/. 
  3. ↑ "Datavant". https://www.healthtechalpha.com/investors/datavant/9253. 
  4. ↑ "See how age and illnesses change the risk of dying from covid-19" (in en). The Economist. https://www.economist.com/graphic-detail/covid-pandemic-mortality-risk-estimator. 
  5. ↑ "COVID-19 Research Database" (in en-US). https://covid19researchdatabase.org/. 
  6. ↑ 6.0 6.1 "Roivant Sciences Launches Datavant to Improve Clinical Trials with Artificial Intelligence" (in en). https://roivant.com/roivant-sciences-launches-datavant-to-improve-clinical-trials-with-artificial-intelligence.html. 
  7. ↑ "Datavant". https://www.theladders.com/job/head-of-product-success-identified-datavant-san-francisco-ca_56171896. 
  8. ↑ "Datavant, Ciox Health ink $7B deal for wide-ranging access to medical research data" (in en). 9 June 2021. https://www.fiercebiotech.com/medtech/datavant-to-absorb-ciox-health-7b-medical-data-deal. 
  9. ↑ "Goodwin, Ropes, Sidley support Datavant and Ciox's $7 bln union". 2021-06-09. https://www.reuters.com/legal/transactional/goodwin-ropes-sidley-support-datavant-cioxs-7-bln-union-2021-06-09/. 
  10. ↑ "Datavant and Ciox Health Announce Merger, Creating the Largest Neutral and Secure Health Data Ecosystem" (in en-US). https://datavant.com/news/datavant-and-ciox/. 
  11. ↑ "Biodesix, Datavant Join in Lung Cancer Data Partnership" (in en). 2021-06-04. https://www.precisiononcologynews.com/business-news/biodesix-datavant-join-lung-cancer-data-partnership. 
  12. ↑ "Datavant Set to Revolutionize Health Data Technology with New Chief Executive Officer, Kyle Armbrester" (in en-US). https://www.prnewswire.com/news-releases/datavant-set-to-revolutionize-health-data-technology-with-new-chief-executive-officer-kyle-armbrester-302133963.html. 
  13. ↑ "CIOX Health: Private Company Information - Bloomberg". https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=851285. Retrieved 13 January 2018. 
  14. ↑ "HealthPort, IOD, Care Communications, ECS merge into new company CIOX Health". 1 March 2016. http://www.healthcareitnews.com/news/healthport-iod-care-communications-ecs-merge-new-company-ciox-health. Retrieved 13 January 2018. 
  15. ↑ McKeon, Jill. "Business Associate Data Breach Impacts 32 Healthcare Organizations" (in en-US). https://www.techtarget.com/healthtechsecurity/news/366594800/Business-Associate-Data-Breach-Impacts-32-Healthcare-Organizations. 
  16. ↑ Coble, Sarah. "Hackers Hit Healthcare Data Management Company" (in en-US). https://www.infosecurity-magazine.com/news/hackers-hit-healthcare-data-co/. 
  17. ↑ "Ciox Health records fees $1.85M class action lawsuit settlement". https://topclassactions.com/lawsuit-settlements/money/fees/ciox-health-records-fees-1-85m-class-action-lawsuit-settlement/. 
  18. ↑ "NOSSCR Files Complaint Against CIOX Health Alleging Excessive Fees and More". https://nosscr.org/article/nosscr-files-complaint-against-ciox-health-alleging-excessive-fees-and-more/. 
  19. ↑ "Office of the Maine AG: Consumer Protection: Privacy, Identity Theft and Data Security Breaches". https://www.maine.gov/agviewer/content/ag/985235c7-cb95-4be2-8792-a1252b4f8318/d365022f-465e-42f2-ad5d-f4bd91a13d51.html. 
  20. ↑ "Single user breach exposes data of 11K children". https://cybernews.com/news/datavant-phishing-attack-data-leak/. 

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