Healthcare orgs share large amounts of PHI with 3rd party vendors. They share it for analytics, rev cycle management, call center services, and more. It’s a necessary part of the business. But you know what isn’t necessary? Sharing everything!
There is a very disrespected requirement in HIPAA called minimum necessary. It means exactly what it says… you should share only that which is needed to do the job (typically under treatment, payment, or operations). In my experience, the default is to just send everything. It’s lazy. It’s wrong. It’s risky. And it’s completely unnecessary.
We recently spoke with Joan Ziegler, CEO, and Chris Hottinger, VP of Healthcare, at Sequent about their 3P Secure tokenization platform. It uses the technology behind your credit card chips to secure data in motion, rendering it worthless to the bad guys. It also provides healthcare organizations with a way to finally adhere to the minimum necessary requirement in HIPAA.
On this episode, we discuss the value that tokenization brings to healthcare. We also explore Sequent’s journey from FinTech to healthcare.
It’s an instructive conversation about how to bring technology from other sectors into healthcare, and how to avoid walking into the buzzsaw that surprises many new entrants.
Joan Ziegler, CEO
- Veteran Silicon Valley CEO and executive in FinTech, consumer software, and software licensing
- Invented next-generation mobile payment solutions used in more than 100 million US cards under American Express, Discover, First Data, MasterCard, and Visa brands at PrivaSys & FiTeq
- Florida Atlantic University, Florida State University
Chris Hottinger, VP Healthcare
- Over 20 years of experience in healthcare consulting
- Managed various healthcare consulting services
- Developed SaaS-based incident management software to promote patient safety & regulatory compliance
- University of California, Davis, California State University, East Bay
Based in Silicon Valley, Sequent Software was founded in 2010. Since its founding, Sequent has been at the forefront of digital transformation and mobile security. Sequent delivers its patented technology to enable and secure mobile experiences in payments, financial services, loyalty, and digital access to hard and soft assets. Sequent Platform fully secures account data, personal data, PII, Electronic Health Records, and other credentials on mobile, wearable, and IoT devices. Sequent serves customers globally from offices in Phoenix, Tokyo, London, Hong Kong, Shenzhen, Macau, and São Paulo.
Learn more: https://www.sequent.com/
Listen right here:
Or, find it on your favorite podcast network such as:
Trying to drive change within your healthcare organization? Launching a new product? Having trouble getting decision-makers’ attention and buy-in?
We’ll help you understand the whole picture so that you can align your innovation with the things decision-makers care about. And then we’ll help you execute It’s not easy, but it’s possible and we’ll help you get there. Sign up here and we’ll keep you up to date on healthcare industry news with podcasts, blog posts, conference announcements and more. No fluff. No hype. Just the valuable (and often not-so-obvious) information you need to get things done.
Music by StudioEtar