you Thank to who and joined afternoon. thank us this you, Jack, has everyone
quarter. Furthermore, our with year fourth to on XXXX. look highlights quarter we financial XXXX share full to performance, excited from perspective along are We forward additional our fourth sharing the and
I will summary commentary begin today's on year our call XXXX results. full with
$XX full We EBITDA total XXX% revenue adjusted of our including million, XXXX million are results, financial growth. and year pleased with year-over-year of $XXX representing
million tech XX% million represents which we quarter of results for revenue for $XX segment, year fourth which of our year-over-year for the Additionally, encouraged and with are $XXX XXXX had QX. full the growth of XXXX,
quarter. additional Now let me the items from highlight some
in we'll these results that our previous earnings our each improvement, with discuss quarterly and categories. from the of growth company's performance of calls recall you will we strategic objective You and X in measure categories scale; our
and client measurable on improvement, focused improvements to enable massive, team our realize ability category, engagement. to clients maintaining evaluating our first is while member industry-leading The also
me by an study. a from recently case client improvement begin published example Let sharing of a
data enabled strategies. IHCI, platform, Innovative need integrate Health per Collaborative enhance for its use insights platform claims Value optimize reduce and and to XX-day to manage timely data Catalyst risk-based in actionable customized technologies Healthcare.AI readmissions and Catalyst utilization, value-based these to IHCI the Optimizer patient develop Indiana, care to complex patient spending. member and savings. per analytics or clinical leveraged and significant Health of populations. analytics recognized care cost data, The IHCI IHCI Healthcare strategies, resulting month improve lower
results million through significant spend at per data-driven X enabling cost improved a in highlights care member cost decrease value-based reduction to improving the inpatient power strategies per in a and in over readmissions, reductions time driving outcomes. $XX.X include This year patient cost month patients of in significant home. Key while utilization, savings $X.XX more
in Also additional we've category, receive to fortunate improvement recognitions. the been external
and that was the vendors First, in & AI a Frost in top-rated as Book DEI Research U.S. Health categories approach recognizing and we by Population are innovation. Sullivan's Black our excited analytics to Management behavioral health Health Catalyst and XXXX recognized leader Report, excellence for of proactive
as to engagement XXXX and on recently Greatest America's Places XX% our earned Newsweek's Association we including several been of Work XXXX. recognition over Work awards, recognition third India's in Top Workplaces team is base year, the to Best This share with India. National and the operations, that expand in for of XXXX India in meaningful Business for especially we the our is Diversity and placement are invest member have pleased for now Companies one for we for Brightest recognized Next, Resources team in Nation member of in
new includes beginning category is and objective expanding existing Our next relationships. client client relationships which growth, strategic
bookings continued provide commentary from to related momentum continued me growth, with We're especially as XXXX end the in some encouraged progress our performance. as on our to Ignite well let our First, market. see improvement
client platform net with line additions XX, in Our our expectations. XXXX were in new
came $X toward these million our of previously ARR $XXX,XXX range. However, end revenue disclosed nonrecurring lower additions plus the to
will came XXXX. and additions cross-selling anticipate we from new converting continue existing client that in and clients, of our Importantly, roughly app X/X trend also
end app share the than we're platform total pleased to have more of X,XXX as clients of clients clients. we XXXX, combining when that Additionally, and
Ignite-enabled our our to in cross our momentum and continue believe excited clients We and offerings results app large selling our opportunity. are expanding reinforce cross-sell these to
shared as As to we we provide greater business are clarity evolves, beginning updates our investors to our a XXXX making going metrics to few previously, growth have forward. in and
driving the as platform dollar-based of updated for updating definition nature. include of rate, to focus in retention grow definition This and TEMS on technology, relates to with updated client go-forward First, we business it to definition the segment most a better that we the dollar-based only will profitable growth anticipate couple retention are anticipate our we professional encapsulate rate includes on XXXX will continue than are technology services. in our of where revenue this and our faster strategy technology to that portions recurring years we And past relative as base. focus reaccelerate
our XXX% seen rate dollar-based which primary services, was still though, where for on In an this move services revenue TEMS move was arrangements. negative dollar-based under will legacy metric is and rate difference many technology many retained a more nonrecurring our was for with are This professional recurring towards had subscriptions in be definition, project-based shareholders. impact cases, legacy updated more to retention clients, nonrecurring FTE the We revenue. moving even the our to from rate range. meaningful from platform at of XXXX, non-TEMS believe related our the helpful end new this client, is dollar-based retention increasing the definition low trend professional driver The we've XXX%. to our our prior performance where and of retention definition, Under our XXXX
Increasingly, Second, Ignite definition the will we that useful. of be infrastructure our of updated be applications. and is have decided clients would powering all an platform
As refer definition generally contracts any of prior that of our technology with moving along definitions metrics. net incremental the at these least that for included XX-K previously plus revenue with year, signs clients a forward, updates filed client a platform to these given result, and Please in new on metric of with clients XXXX. additional XXXX SEC in be with beginning the detail will along this will ARR nonrecurring the non-platform in calendar in include new $XXX,XXX
excited to across share areas. several we're wins important and expansions Next, key client
First, our meaningful base. marks we originated Ignite. Signature secured from This a our with for which a Ignite initiatives client, Healthcare, new sales progression app client
saw the space. Vitalware These meet have clients, needs growing their we strategic existing their leveraging in expansions strengthened us, with including our and with services to relationships objectives. Valleywise clients Additionally, and technology
are to pleased provide report in We markets. adjacent also an progress update and
care improvement serving in our recent impactful for this of as of providing to which innovation. wins solutions payer market Following our care catalyst a reflect acquisition ecosystem. health sciences a closed in broader underscores segment. the focus as data-informed life the increasing new a that adjacent commitment deal, Furthermore, measurable, signed health the massive, solutions we our we client, continued on delivering empower foothold Carevive, our relevance clients and we These
Related encouraged to the the operating state end market. our current by remain we growth environment, of
our because the We pleased additions growth faster would see environment better, demand to up adopt approach that they to that, anticipate platform One margins cheaper that same health and rate. system in dollar-based clients could continue more normally Health-Catalyst-specific apps stabilize this at retention level app dynamic robust operating levels. our coincide and show will not of is may than is pre-pandemic Ignite with those are DOS, we existing
as by XXXX. perspectives bookings now continued as to well on Supported momentum our of Ignite, anticipate this XXXX market some With backdrop, the we I share improvement will compared end metrics strengthening bookings our in our anticipated from levels.
additions. net First, approximately we new XX anticipate platform client
plus see that which clients, in We XX we significant of vein, have we've QX, added XXXX. that expect at of platform clients XXXX platform for we pace our will of we on added client to of we new our XXX-plus new platform range as net which forecast target and our Achieving to in net platform revenue, of average which an new conversion these include that, thus is additions. will already similar $XXX,XXX is a by X approximately the far ARR In approximately opportunity. clients, XXXX will XX clients, app XX end some are encouraged results $XXX,XXX net be nonrecurring
our existing our approximately retention Moving platform of client the definition TEMS We for our be dollar-based base. updated anticipate under XXXX technology client rate to XXX% will metric. and
in decision approximately exit ambulatory existing pilot revenue. decision last million professional mid-XXXX. These strategic one $X we other As TEMS by month. exit pilot I clients, represent our finalized highlight it anticipate to to wanted ambulatory the will that operations. relates annual this of We We be contracts TEMS services made to mentioned
we relationships, while in we other prioritize our data analytics, exiting primarily to TEMS ambulatory TEMS and to Importantly, abstraction. chart the are remain and committed pilots these profitable of areas growth,
approximately anticipate Jason on progress, encouraged to I'm million it perspectives technology remarks. our to to Technology prepared growth our segment, in technology where our will addition we relates revenue XX% by later of XXXX bookings, as guidance year-over-year. $XXX share In our XXXX especially of translating revenue our
As that it relates further to our share a recent progress integration profitability, than we we are to with acquisitions. anticipated pleased are in along little
are our for million the to margins that of we would represent $XX also million $X expected to Technology line million. A $XX the business by XXXX. As top million adjusted will raised approximately such, expectation raising in project XX% growth $X EBITDA, and XXXX EBITDA of segment a XX% Rule approximately contribute million. approximately profile from total EBITDA $XX with XX We approximately our previous by adjusted Technology adjusted
the past growth been team see member we've our grateful base. meaningful to Over months, XX in
and for planning us companies need is professional R&D as highlighted and services. primarily case to the expenses annual also scale, at our with process However, headcount the many reduce has in
will structure growth drive and long-term allow core and to anticipate growth in enhancing us to success. We our prioritize improve investment ability our cost profitable our this areas,
this We are to team members during committed transition. supporting effective
Ignite of strategy Dan growth in next-generation Officer, LeSueur, importance joined quarter's earnings our this product earnings with Operating platform, consistent enabling the and Given call, our and Chief has call. last our
calls will updates continue he provide to earnings status expect future help questions. and We answer to to Ignite-related join
With that, LeSueur. let to over me time some Dan turn
