World’s Most Sophisticated Health Systems Continue FairWarning Adoption in Q1 2009

ARRA / HITECH HIPAA provisions, FTC Red Flags, state laws and patient privacy concerns drive customer adoption of FairWarning privacy monitoring

ST. PETERSBURG, Fla.– (BUSINESS WIRE) — FairWarning, Inc., the world’s leading supplier of cross-platform healthcare privacy monitoring solutions for Electronic Health Records, today announced that the company’s solutions continued to be aggressively adopted by the world’s most sophisticated healthcare organizations during Q1 2009. As a result, the company experienced significant revenue and financial growth in Q1 2009.

FairWarning® Q1 2009 customer adoption highlights:

  • FairWarning® solutions now protect patient privacy in nearly 200 hospitals and over 600 clinics. This is an increase of 122 % since October 1, 2008. The company’s production customers range in size from 1,000 employees to over 50,000 employees
  • Forty-five percent of FairWarning®’s customers are ranked in 100 Most Wired, Verispan 100 or U.S. News Top 20 U.S. Hospitals
  • FairWarning® now has out-of-the-box auditing support for over seventy-five (75) healthcare applications. The company started 2009 with sixty (60) applications supported out-of-the-box and expects to reach one-hundred (100) out-of-the-box supported applications during 2009
  • The company was selected by its first major Canadian customer driven by PIPEDA and provincial health privacy legislation
  • The company now has major production customer deployments across all regions of North America, auditing healthcare applications from: Allscripts, Cerner, Eclipsys, Epic, GE, McKesson, MEDITECH, Misys, Siemens

 

As a result of customer adoption and satisfaction, FairWarning® experienced on-going financial growth in Q1 2009:

  • Q1 2009 Revenue growth of 191 % compared to Q1 2008
  • Record profitability in Q1 2009
  • The company exceeded its revenue and profit expectations by 20 % for Q1 2009

Legal risks from patient privacy incidents, rapidly increasing healthcare regulatory oversight both domestically and abroad, a broad range of reference-able customers, and FairWarning®’s rapid- to-deploy, best-of-class solution are all key factors driving privacy monitoring and customer adoption.

 

About FairWarning, Inc.

FairWarning® is the world’s leading supplier of cross-platform healthcare privacy auditing solutions for Electronic Health Records. FairWarning® proactively protects healthcare organizations from emerging legal and privacy threats which include medical identity theft, identity theft, and other forms of healthcare information crimes. FairWarning is industry’s leading best practice solution for automating privacy auditing.  The company is located in St. Petersburg, FL, to learn more, visit www.FairWarningAudit.com or call U.S. 727 576 6700.

2016-10-30T19:03:50+00:00