Medical care industry -- Contracting out, Information technology -- Contracting out -- Management, United States. Health Insurance Portability and Accountability Act of 1996, Entrepreneurship, New products -- Development
IT outsourcing is becoming a very attractive option as a method to reduce overall cost especially in healthcare industry. When it comes to outsourcing, companies send their production, development, maintenance and support operations to another company that they contract with either locally or globally. Due to tremendous pace of outsourcing, increasingly there is concern growing that the data or the information used is vulnerable to confidentiality compromises. It means more and more IT operations are outsourced outside of the parent organization, more and more data and/or information need be accessed by external source.
As per HIPAA (Health Insurance Portability and Accountability Act of 1996, Refer Appendix A – Government Acts and Regulations) regulation, all the Healthcare companies must protect patient health information from unnecessary access. However, there are situations where the outside contractors or a call center have to handle or work with sensitive data. How can a company protect patient privacy and still realize the cost savings from outsourcing? The answer is MIRCHI, the data management experts. MIRCHI’s innovative data encrypting solution offers companies a robust and seamless approach, which can be integrated to any environment and, encrypt and decrypt the incoming and outgoing data. MIRCHI expects to generate over 50 million in sales within the first 5 years of business by providing a data management solution.
Note: The presentation associated with this report is included here as a supplemental file.
Oommen, Liju; Wright, Michael; Singh, Samarjit; and Thuraiyur, Sivakumar, "Mirchi Data Management" (2004). Engineering and Technology Management Student Projects. 1365.