Health Catalyst reviews

3.3

41% would recommend to a friend

(185 total reviews)
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Ben Albert

42% approve of CEO

24% positive business outlook

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185 reviews

Reviews about "Compensation"

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1.0
Aug 25, 2021
Recommend
CEO approval
Business Outlook

Pros

The people there are amazing. Nearly everyone is nice, helpful, and a team player. The executive team is transparent and is led by a CEO that truly cares about each team member and strives to be understanding. They try to promote a work/life balance and flexible PTO.

Cons

The COVID-19 pandemic negatively affected the employee experience at Health Catalyst. Promotions and raises were put on hold, 401(k) match was paused and ultimately reduced, and bonuses were dismal with the decision to base them off pre-COVID standards. Though Health Catalyst tried to be accommodating to workers that had to watch their kids during the shutdown, they consequently diverted more work to those that either do not have kids or were in a situation where they could still work throughout the day. Achieving a work/life balance is encouraged. However, there were many times (even before the pandemic) where the demands of work got to a point where a balance could not be achieved. In my situation, there were many weeks where I worked well above 40 or 50 hours and still had some managers discourage time off to meet outrageous deadlines. Despite these conditions, Health Catalyst reassured their employees by saying it could always be worse and pointed to companies that were severely struggling due to the pandemic. They conveniently did not talk about companies that were still excelling and experiencing great years either through circumstance or adaptation. Nearly all of Health Catalyst's post-IPO policies have been to protect their bottom line. They still proclaim that their employees are their top priority, but when backed into a corner, cuts had to be made to keep promises to investors. The only reassurance given were vague promises to make up for these cuts once the bottom line improved to a higher level without any explanation of what this level needed to be. To exacerbate these issues, there is a cult-like attitude from many of the Health Catalyst employees. Perhaps these apologists benefitted from the years of plenty before the IPO or have found themselves by luck or connections in a good spot. Either way, these employees quickly jump to the defense of Health Catalyst when legitimate concerns are raised and shower the C-suite with praise for these tough decisions. Dan, the CEO, does try to address and take seriously every concern an employee raises, but those that defend every decision of Health Catalyst are persistent and strive to negate or disregard their fellow teammates' concerns. Health Catalyst often uses leveling and compensation to attract employees with experience elsewhere while current employees are expected to only level up every few years. This results in new hires coming in and being compensated more than current employees with similar backgrounds and experience. Health Catalyst does claim to promote from within, but omits the fact that many of these promotions are given to employees that have only been with Health Catalyst for a short period of time. Complaints around this are always met with an assurance that every employee is compensated and leveled appropriately. In my situation, the first offer outside of Health Catalyst amounted to over a 35% cash raise or 20% when you look at total compensation. In response to this, Health Catalyst offered no apology or acknowledgement of their miscalculation of my compensation.

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Health Catalyst Response
4y
Thank you for your review and feedback, and I'm glad to hear that you are happy in the new role that you've pursued. I apologize for the delay in providing a response to you. Let me address some of the items you mentioned, that applied more at a company level. First, I'm glad to hear of your positive experiences with the people at Health Catalyst, and I appreciate your kind words directed towards me. I'm also glad to hear that the flexibility was a positive for you. I also wanted to acknowledge, and apologize, that we have gotten behind as it relates to the base salary component of compensation, in a number of roles at Health Catalyst, over the past year. This clearly was the case in your situation, and I regret that this occurred in your case, as I regret it in every other case at Health Catalyst. I also want to acknowledge, as we have done many times in all team member meeting discussions, that we do have financial constraints within which we need to operate in order to keep the commitments we've made to public market investors. These constraints are often more significant than what some earlier-stage companies may face, where there is not a near- or ever mid-term expectation for profitability. But eventually, every company that will survive, must become self sustaining financially, and as such, this needs to be a foundational objective for every company that seeks to be "built to last" and not just "built to flip." Being built to last is certainly our ambition at Health Catatlyst, which made the company's achievement of positive Adjusted-EBITDA in Q2 of 2021 such a meaningful milestone. What we've committed to do is to share as much as we can, as soon as we can, from a compensation perspective, as we succeed as a company. In tomorrow's all team member meeting we will be sharing specific actions and timelines associated with this sharing, including in terms of increases to base salaries, spot bonuses, companywide bonus performance, and annual equity grants. I'm grateful we're in a position to take these actions which will positively impact every team member, but I regret that we weren't able to put these things in place soon enough for you to also benefit from them. Having a longer-term mindset and commitment in both directions is a foundational element that we talk a lot about at Health Catalyst, and that longer-term approach doesn't always work for every team member, which is understandable. We've also strengthened our ability to recognize extraordinary individual performance, and to have ways of approaching unique situations with more flexibility. Here again, I'm glad we've made progress here, but I regret we had not made enough progress soon enough for this to directly benefit you while you were at Health Catalyst. At any rate, I'm grateful for the opportunity to learn from your experience and then to strive to continuously improve. And I'm happy that you're thriving in your new role. Best, Dan
5.0
Jul 19, 2021
Recommend
CEO approval
Business Outlook

Pros

I have worked for Health Catalyst for several years. I had worked at a Fortune 500 company before that whose culture was less than ideal. I saw how being a publicly traded company could warp its perception of itself as a slave to the judgment of Wall Street analysts. Propping up the company's reputation with that audience trumped all other considerations. It created a truly toxic culture where instead of pushing hard for the right things for the company and for our clients, everyone was just trying to survive. So, as Health Catalyst went public, I braced myself for what I had assumed would be a similar inevitable trajectory downward. But to my delight and grateful surprise, our company's leadership has been able to maintain and even strengthen their focus on supporting and respecting all Health Catalyst team members as their highest priority. We're two years into our history now as a public company and we're still true to our principles. We still put people first. This maintains the most empowering and wonderful company culture of any that I've ever experienced, by far. Such an investment in us employees (or "team members" as leadership refers to us) makes us want to reciprocate with our best performance every day. It makes us want to continue to treat our clients with the greatest respect and give them the best experience possible. When our leadership tells us to be "owners," it's not just talk. We feel a sense of ownership and pride in our company and in what we do, because it's clear by their actions that our leaders trust us.

Cons

Nothing is perfect. There will always be opportunities to improve. The great thing at Health Catalyst is that these imperfections are usually isolated, and leadership's dedication to making decisions based on sound principles and thorough data ensures that such opportunities will be discovered and improved.

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Health Catalyst Response
4y
Thank you for choosing to come to Health Catalyst and to stay for nearly a decade -- how fortunate we have been to benefit from your expertise and your dedication over those many years! Your words are very meaningful to me -- I have felt such a strong and abiding desire for Health Catalyst to continue to live up to its mission, it cultural attributes and operating principles, always, but specifically as we made the transition these past few years to being a publicly traded company. Every company faces challenges that test its resolve to remain true to its values. We at Health Catalyst are no different, and we have not been perfect in our response. But certainly our desire has been to remain true to those principles and values, and it's worth the continued focus and effort to enable this to continue in the months and years ahead, absolutely. Thank you again for your encouraging words, and for your many years of dedication and contribution -- you have made a real difference at our company! Best, Dan
5.0
Jul 16, 2021
Recommend
CEO approval
Business Outlook

Pros

Company really cares about their employees. Above average pay, great benefits. Room for advancement, company paid training.

Cons

No cons to be discussed.

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Health Catalyst Response
4y
Thank you for your review and encouragement! Best, Dan
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