10 Best HealthTech Companies of the Year 2022
Business Fortune
With healthcare data breaches becoming encroachments to patient privacy and reputation, Protenus has stood out as the best in taking a lead in the fight towards protecting infiltrated information. Founded in 2014 and based in Baltimore, Protenus offers AI-powered, highly scalable risk-reduction solutions to healthcare organizations hospitals and other health systems. Wholly centered on improving patient outcomes and mitigating compliance risk, Protenus aims at transforming the future of healthcare security through innovation, efficiency, and safety for patients in the process.
Artificial Intelligence Revolutionizes Privacy Monitoring
Leading the way is Protenus with AI and machine learning in the integration of healthcare data protection into monitoring patient records. Given that every healthcare organization faces the challenge of keeping millions of sensitive records under wraps, Protenus has built a very serious platform that audit upwards of 100% of accesses within the system. Such scrutiny puts a 95% discriminatory power on determining between proper and improper uses of the system-a labour saving adventure with a clear edge over the manual method.
The best way to explain Protenus' influence of AI optimized solutions is in figures. For instance, as per Protenus Breach Barometer Report, one of the worrisome trends as far as healthcare breach data is concerned, 59.7 million patient records have been breached in 2021 alone. In addition, it found that business associate-related breaches increased 30% year-over-years, while one in ten breaches was caused by insiders. With this development, Protenus has developed its Patient Privacy Monitoring solution to proactively address these threats so that organizations can easily discover and fix privacy violations, which effectively reduces the risk of data loss as well as the time spent on the investigations of potential breaches.
Compliance Enhancement and Risk Reduction
Protenus handles data security by ensuring that healthcare org’s comply with stringency regulations. With automated monitoring and privacy violation detection, compliance teams save the time they would have taken manually going through events, particularly important cases. The system's machine learning capabilities reduce the number of monthly cases requiring review while maintaining high accuracy in detecting violations, promising significant time and resource savings.
Given that hospitals generate approximately 60 million auditable events each month, manual monitoring is impractical and risky. It efficiently manages the huge data sets, uncovers undiscovered violations, and solidifies the total privacy policies. Therefore, healthcare providers work in a strict patient confidentiality and decrease organizational and reputational risks.
Steward PHI and Organizational Integrity of the Patient
Protenus’ idea is to protects patient health information (PHI) by assisting healthcare organizations with its endeavor towards compliance and security. Automation of breaches detected and data detailing privacy violations further helps a healthcare provider to improve adherence to policies, minimize administrative work, and improve patient results. As the healthcare landscape is changing, Protenus would always be a partner to make safe and efficient.
Protenus innovating real-time solutions; integrating for patient privacy, an end-to-end solution rather than patching it up. Such AI with technology would render Protenus into plotting a new reality-a reality where both patients and providers equally partake in mutual confidence about sensitive health information.
About the Leader
Nick Culbertson, Co-Founder & Chief Executive Officer of Protenus, has served eight years in the US Army and completed his service as a highly-decorated Special Forces operator (Green Beret). He was awarded two bronze stars during his service, one for extraordinary valor. Nick attended the Johns Hopkins University School of Medicine where he and co-founder Robert Lord saw firsthand how electronic medical records are used to improve patient care and share data more efficiently. They also observed that the electronic medical record created a whole new slate of serious security and privacy concerns. In 2014, Nick and Robert developed the initial prototype and algorithms that launched Protenus, fulfilling a critical need to better protect patient data in electronic health records. Prior to Protenus, Nick spent four years as a biomedical researcher at Johns Hopkins University, where he participated in a variety of studies including synthetic biology, cellular engineering, and clinical outcomes. Nick holds a bachelor’s degree from Johns Hopkins University in Cellular Biology and helps run The 6th Branch, a veteran-led community service organization in East Baltimore.