CareLytix is a healthcare analytics platform start-up empowering healthcare providers, payers and venders in the transition from fee-for-service to pay-for-performance. Carelytix’s platform leverages big data capabilities; real-time analytics; simple, user-centric interfaces; and industry recognized thought leaders. CareLytix provide end-to-end quality measurement and reporting solutions to the value-based healthcare market. The result – CareLytix enables value-based healthcare participants to improve patient outcomes and satisfaction, fulfill regulatory measurement and reporting requirements, and optimize reimbursement. The CareLytix leadership team possesses expertise spanning business planning and operations, clinical integration, healthcare regulations, software development, IT infrastructure, and finance. Combined with a proven track record in the delivery of innovative healthcare IT solutions, each member of the CareLytix leadership team is committed to the company’s mission of assisting value-based providers improve outcomes and financial performance. CareLytix’s technology-enabled platform is delivered through web application software, sometimes referred to as software as a service (“SaaS”). Our web-based platform employs the concept of cloud computing by using the Internet to virtually deploy our platform across healthcare organizations, providing standardization and compliance to improve operating efficiency and performance. We employ Agile methodology as our platform planning and software development approach. Platform versions are developed, tested and released in two-week cycles, and contain functional enhancements, maintenance functionality, and measure content. Based upon this schedule, we release approximately twenty-six software updates each year.