Seattle-area health data analytics provider Advata, recently formed from the merger of six companies, is the latest tech company in Seattle to lay off employees.
Advata laid off 32 workers yesterday, according to a statement from the company provided to GeekWire. Advata employed about 150 people in June, when it launched from the merger of six companies owned by Renton, Wash.-based healthcare giant Providence.
“We are sincerely grateful for everyone’s contributions and extremely sad to see any of our team members depart from the Company,” said CEO Julie Rezek in an email to employees, a portion of which was provided to GeekWire.
Several Seattle-area startups have laid off employees this year amid the broader economic slowdown and the decline in venture capital funding. Amazon, Microsoft, and other tech giants which grew headcount rapidly during the pandemic, are also cutting staff or slowing hiring.
Advata was formed from Kensci, Colburn Hill Group, Alphalytics, Lumedic, Quiviq, and MultiScale by Providence.
Software from each company integrated into Advata, which sells products for revenue cycle management, as well as population health tools. These tools, bolstered by artificial intelligence, aim to improve patient experiences, workflows, and accuracy of diagnoses.
The independently operated company’s customers include Providence and other healthcare providers, as well as insurance and medical device companies.
In September, Advata introduced a new revenue cycle management tool for healthcare providers that automates processing and advises staff on recommended actions. The company said the tool can enable teams to increase cash collections by as much as 1%.