The Data Risk
to Home Healthcare:
The Microshare
Solution
“The healthcare sector has been a pioneer in integrating Internet of Things (IoT) applications to improve efficiency and reduce labor intensive tasks.
In addition to cost efficiencies and improved patient outcomes, IoT has extended the reach of health care companies and medical practitioners well beyond the walls of hospitals, clinics and doctor’s offices and into patients’ homes and offices. This is driving enormous investment in technology and marketing. Grand View Research, which health sector consultancy, estimates healthcare IoT will reach a valuation of over $400 billion by 2022.
While many advancements push the connected healthcare market forward, it is also pushing healthcare companies and the manufacturers of innovative products and services into fraught regulatory territory.
Violating patient confidentiality, even inadvertently, exposes companies to severe fines in many jurisdictions and possible litigation too. Put simply, managing the myriad interactions and permissions necessary to handle personal medical data in a HIPAA compliant manner is beyond the capabilities of conventional payment clearance and micro-contracting solutions.
Microshare™ was designed to manage these risks. Our solution:
Ingests data at scale, integrating and batch processing in real time. We manage data generated by any source, from IoT sensors, web services, SaaS systems or even legacy databases like EMR, ERP and CRM.
Processes data with a curatorial eye, anonymizing it, encrypting it, of course, but also formatting it so as to retain the ability to perform deep analytics. Once stored in a data lake, you can activate triggers and notifications, streamline workflows, and share or sell data to third parties consistent with HIPAA and other regulations.
Proven Compliance: Full audit is automatically generated in all stages of the data lifecycle, ensuring audit on demand and providing a new layer of contextual security. Hosted in an environment that is both HIPAA and ISO 27018 certified.
Digital Ombudsman: Give patients visibility and control of their health data. Make it easy for consumers to grant or deny access to share their data with insurers, providers, and healthcare proxies.