Explorys, a Cleveland startup at the leading edge of data analytics in the healthcare industry, plans to add 80 people to its University Circle headquarters to meet growing demand for its discoveries.
Company executives said the jobs will push the workforce past 200 and likely require the expansion of its offices in a space once occupied by MOCA, the Museum of Contemporary Art.
They cited rising interest in Explorys' forte: the ability to scan millions of patient medical records in search of best practices.
"Knowledge is power. And in healthcare, it's never been greater," said company president Charlie Lougheed. "Big data is the penicillin of the 21st century."
Explorys has grown steadily since it spun out of the Cleveland Clinic in 2009. Its platform is based on search technology designed by Dr. Anil Jain, a primary care doctor and biomedical engineer who wrote software to scan electronic medical records without identifying patients.
Jain sought better remedies for his patients with diabetes. He suspected the technology could help spy disease patterns and predict treatment outcomes for millions.
The company develops analytic techniques to draw meaningful conclusions from the mountain of data generated by electronic records. New partners add their records to the data trove, creating a stronger product as the company grows.
Explorys now works with 26 major healthcare networks representing about 360 hospitals. With access to the medical records of 50 million patients, it taps one of the largest healthcare databases on earth.
The emergence of value-based care, whereby hospital systems strive to make healthcare more effective and efficient, has lead to new demands for information, Lougheed said.
The company added 50 people last year, pushing employment to about 140. It sees a need for 80 more staff, mostly software engineers and data scientists, which poses a recruitment challenge.
Software companies in Northeast Ohio often struggle to find technical talent, but Explorys faces a taller order than most. It recruits against the likes of Google and Amazon for search experts and cloud computing architects.
Lougheed said he's been able to compete with the bigger names.
Explorys couples high salaries with Cleveland's low cost of living. It also offers tech enthusiasts the chance to work at the cutting edge of a young industry. That, and a worthy cause.
"You can work for a cool tech company with a texting app," Lougheed said. "Or you can work for a company that improves health for millions of people."
Explorys just added Gregory Yarrington as its vice president of operations. Yarrington, who holds degrees from Yale and Cornell, previously directed technology services at Truven Health Analytics and at Thomson Reuters' Healthcare division in Ann Arbor, Michigan.
"We still think there's headroom to continue to grow, upwards of 300 people," Lougheed said. "We're taking it a year at a time."
Space is tight at Explorys. Workstations and white boards are crowded on hardwood floors that once supported warehouse operations for Sears. But there's room to grow. McHale, the chief executive officer, said the company has leasing rights to an additional 25,000 square feet on the same floor.
"We'll be knocking out these walls," he said, standing in the high-ceilinged lobby on a recent morning.
"We love it here," McHale added. "We're not going anywhere. We're going to grow right here."
About Explorys Today
Founded in 2009 as an innovation spinoff from Cleveland Clinic, Explorys provides the healthcare industry a secure, cloud-based analytics platform that leverages big data for clinical integration, predictive analytics, and business intelligence. Its platform enables the country’s leading provider organizations to more effectively leverage their data to improve care quality, patient satisfaction, and deliver value-based care. The Explorys solution supports Population Health Management and Accountable Care models while applying the power of massively-parallel data processing to save lives and make healthcare affordable. Since its inception, the Explorys platform has been adopted by 23 major integrated healthcare systems with 315 billion data elements, 50 million unique cared-for-lives, 360 hospitals, and 317,000 providers who collectively deliver $69B in care annually.
For more information, visit www.explorys.com
Media Contact - Samantha Wright, email@example.com, (216) 767-4757