After the Health Insurance Portability and Accountability Act (HIPAA) was enacted in 1996, the U.S. Department of Health and Human services estimated health systems would spend about $113 million to achieve compliance — plus $14.5 million annually to remain in the green, Medical Economics reported in 2019. However, the actual yearly costs of HIPAA compliance for institutions may be closer to $8.3 billion.

U.S. hospitals and health systems together recorded more than $202 billion in losses between March 1 and June 30, as the COVID-19 pandemic held a firm grip on the country, according to research from the American Hospital Association. In such dire financial circumstances, healthcare organizations must quickly and drastically lower spending on manual regulatory-focused tasks — without compromising compliance.

Our mission at Protenus is to advance the science of healthcare by bringing together creative and skilled individuals who are passionate about the security, usability, and applicability of health data. As this information becomes more voluminous, comprehensive, and, as a consequence, more vulnerable, we are building scalable, insightful solutions that address critical issues preventing the efficient, safe, and effective delivery of patient care. 

Healthcare compliance analytics leverages AI to provide compliance professionals with the tools they need to maintain a culture of compliance in a resource-constrained environment, while also transitioning their current compliance program from one that is reactive to one that is proactive with a focus on prevention. 

Our mission at Protenus is to advance the science of healthcare by bringing together creative and skilled individuals who are passionate about the security, usability, and applicability of health data. As this information becomes more voluminous, comprehensive, and, as a consequence, more vulnerable, we are building scalable, insightful solutions that address critical issues preventing the efficient, safe, and effective delivery of patient care.