CLEARWATER, Fla.--(BUSINESS WIRE)--FairWarning, Inc., inventor and KLAS Category Leader in Patient Privacy Monitoring1, today announced record results through the first-half of 2014. FairWarning®’s recently released Software-as-a-Service and Managed Privacy Service offerings continue to lead growth.
Care providers are seeking easier-to-deploy, comprehensive and more affordable privacy monitoring solutions as they face skill shortages, escalating risks to patient information, a higher bar for Meaningful Use as well as the announcement that the HIPAA audit program will include more comprehensive on-site audits.
Large care providers have traditionally invested with FairWarning® in on-site privacy monitoring deployments operated by their own trained privacy professionals. FairWarning®’s Software-as-a-Service and Managed Privacy Services offerings have enabled small and medium care providers to rapidly and affordably deploy and operate a privacy monitoring program.
Company Results and New Customer Investments
- 104% growth in existing customer revenue, excluding renewals, for first half of 2014 versus the same time period in 2013
- Through the first half of 2014, FairWarning®’s Managed Privacy Services customers represent 118 hospitals, up from 1 hospital as of the same time period in 2013
- Through the first half of 2014, FairWarning®’s Software-as-a-Service customers represent 64 hospitals, up from 2 hospitals as of the same time period in 2013
- FairWarning® now serves customers representing over 6,500 healthcare facilities across the United States and around the world. The company’s customers represent nearly 1,400 hospitals and 5,500 clinics
“FairWarning® has made it easier and more affordable than ever to put an effective patient privacy monitoring program in place. Small and medium sized care providers are taking advantage of FairWarning®’s streamlined software-as-a-service offering as well as our Managed Privacy Service expertise to strengthen their risk and compliance posture,” says Kurt J. Long, FairWarning® Founder and CEO. “FairWarning® continues to make major time and financial investments in standardizing and improving the quality of our deployments. Through FairWarning Ready®, we will also continue to collaborate with major EHR and healthcare application vendors to ensure the audit trails they produce are immediately compatible with FairWarning®.”
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About FairWarning, Inc.
FairWarning®’s mission is to lead the industry expansion of trust in Electronic Health Records empowering care providers to grow their reputation for protecting confidentiality, scale their digital health initiatives and comply with complex Federal and state privacy laws such as HIPAA. By partnering with FairWarning®, care providers are able to direct their focus on delivering the best patient outcomes possible while receiving expert, sustainable and affordable privacy and compliance solutions. Customers consider FairWarning® privacy auditing solutions essential for compliance with healthcare privacy regulations such as ARRA HITECH privacy and meaningful use criteria, HIPAA, UK and EU Data Protection, California SB 541 and AB 211, Texas HB 300, and Canadian provincial healthcare privacy law. For more information on FairWarning® visit http://www.FairWarning.com or email Soultions@FairWarning.com.
1 2013 Best in KLAS: Software & Services report, January, 2014. © 2014 KLAS Enterprises, LLC. All rights reserved. www.KLASresearch.com