Omar Hussain discusses security in healthcare on Fox Business News

Omar Hussain discusses security in healthcare on Fox Business News


straight ahead 2015 quickly becoming the year of the healthcare hack to major healthcare breaches we’ve got the risks next for you tell you about those stores 2015 fast becoming the year of the healthcare hack cyber attacks have hit at them and premier premiera affecting more than 90 million customers with insurance companies and hospitals now going paperless of course the risk gets greater joining me right now is Imprivata CEO and President Omar Hussein Omar nice to have you on the program welcome hi Maria thank you for having me more explain Imprivata product because we know the risk here and we know that the horses out of the stable in terms of our data online and out there how do you protect it and what is your company doing to do that well the biggest challenge berea in health care is all about providing care hospitals aren’t focused really on security security is a byproduct what Imprivata does is it tries to provide solutions that help the clinicians access patient information communicate patient information securely and we take care of the problems of protecting patient information so doctors or nurses can do what they need to do without making security get in the way of delivery of care well i think that is charlie that’s what we will that’s what we all want but how is the data protected well we take it for example in health care you don’t have to worry about remembering a password you walk up to a terminal today you don’t have to type a username and password you don’t have to write it down on a post-it you put your fingerprint down you tap your badge you have instant secure access to patient information wherever you are you want to communicate patient information we have a messaging platform that you can use your phone with the secure messaging capability you can send patient information to your provider or to another provider to get answers back quickly without having to keep it on your phone or have it exposed in the cloud where it can be easily hacked yeah this is so amazing with so many IT systems in place in the hospital how vulnerable our hospitals you know because now IT and hospitals have become really much more aligned in terms of working together you’re on this is the real issue Maria we were healthcare is one of the last few industries that it’s still predominantly paper-based and over the last ten years an average hospital can have anywhere from 60 to 100 applications and each one has different access different passwords usernames so it’s really easy to get in if there is no level of security and if you increase this security too much it becomes virtually impossible for clinicians to get to the information they need to provide care so this is a very unique industry and you know I think there’s a lot of interesting technology coming out to try to provide security yet convenience at the same time and that’s kind of what we do today so are we now spending the money that is required to actually get in front of these things I was stunned recently when I spoke with Jamie Dimon the chairman and CEO of JPMorgan who said we may spend a billion dollars on cyber in the next couple of years they’re already up to half a billion I’m talking on an annualized basis so our companies today spending the money required and where are they allocating the capital specifically what are you seeing in terms of budgets well definitely hospitals are starting to spend money more and more around security and compliance regulatory compliance around patient safety patient privacy of information the first phase of spending was all around getting an EMR in place electronic medical record getting to start to put the electronic systems in today now the next phase is how do you protect patient information and we are seeing that you know priority is in the hospital to comply with regulations the HIPAA regulations around safety and privacy of information so we’re seeing more and more spending in that area yeah I want to ask you about the prescription drug addiction problem in this country that you’ve talked about and the company having a new technology that allows doctors to prescribe drugs electronically yep so if you think about it today one of the biggest problems in this country is deaths from prescription drug overdoses and one of the reasons for this is that paper prescriptions are subject to fraud we all know this one in ten doctor has claimed that their de name DEA number or their prescription pad is stolen the course of a year so one of the ways to eradicate this problem is to make sure all prescriptions are done electronically the DEA passed some regulations that said you have you could do this but you needed really strong authentication to do it and the existing systems were just not convenient because when you’re providing care the most important thing is speed of access and workflow so Imprivata working with the health care providers and working with the regulatory agencies we delivered a new product called Imprivata Confirm ID which is a biometric based solution so doctors can prescribe electronically controlled substances by just putting their finger down we know who you are we keep track of it there’s no error about paper fraud or your prescription pad being stolen and we can help to start to eradicate a problem in fact New York state which is one of the pioneers in the country is a pass some regulation that goes into effect march 2016 we’re all prescriptions will be done electronically we were just looking at a chart of your stock overall you in public last year Imprivata was a start-up and you’ve led the growth story here for investors watching and remembering your IPO last year talk to us about with a growth comes from Imprivata are going forward well if you think about this market we went public because we see a huge opportunity where security will get in the way of delivery of care and companies like us will build innovative solutions to solve that Imprivata has you know had a phenomenal year last year we grew at thirty-six percent you know we added over 250 new health care customers all over the world you know we have a great opportunity ahead of us we’re excited because it’s not just one product or one solution today we’re solving multiple solutions where it’s around secure communication whether it’s around secure prescribing for controlled substances whether it’s providing fast secure access to patient information wherever whenever physicians wanted security will become an underlying story here in healthcare as healthcare goes into the second phase of technology and adoption yeah no doubt about i agree with you by the way omar go Tammy on the show today thanks so much thanks a lot Maria Omar Hussein joining us there on the risks and challenges for healthcare and technology

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