Becker's Healthcare August 19, 2022
Advata, the data analytics spin-off from Renton, Wash.-based Providence is looking to close the gap and reduce operational inefficiencies in healthcare by selling insights-focused data software products to payers and providers.
The spinoff, launched June 8, combines six software companies housed within Tegria, Providence’s portfolio of health technology firms.
As the company looks to establish itself, Becker’s spoke to Wasif Rasheed, executive vice president and chief revenue and growth officer at Providence about how the standalone operating subsidiary came to be and how it differs from other startups.
Not your ‘regular’ healthcare startup
Advata enters the market with a head start because it inherits the six legacy companies’ existing customers and revenue bases, said Mr. Rasheed.
The combination...