Archive for the 'Security' Category

6 Healthcare Incubators That Are Growing the Future of Business

We all know that small businesses are the engine of America’s economy. Luckily, there are groups out there that have made it their mission to help small businesses and startups survive long enough to change the world: business incubators. By providing funding, mentorship and office space to startup companies, incubators give businesses the time and resources to refine their technologies and services while finding investors and customers.

While incubators help turn bright ideas into real consumer products and services, they also create new opportunities for established businesses. As startups are mentored and helped through their early phases, they become invaluable investment and partnership opportunities for other service companies.

Below, we’ll introduce you to some of the leading incubators in the healthcare industry, one of our economy’s fastest growing sectors. These incubators have a proven track record in helping innovative young companies bring new ideas and services to consumers and businesses.

The Top-Six Healthcare Incubators and Accellerators

Rock Health Rock Health invites early stage companies to work within the incubator and receive funding and mentorship from a variety of companies and health organizations. Rock Health notes that 18% of our economy is healthcare-based, but it’s one of the last industries to receive a tech makeover.  With more than 50 active startups in its portfolio, Rock Health is one of the most experienced healthcare incubators, especially for startups that focus on providing web services, mobile applications and SaaS solutions for healthcare providers and companies.

Health Wildcatters – Health Wildcatters is a mentorship-driven healthcare seed accelerator in Dallas; slightly different than an incubator. Though similar to incubators in their goals, accelerators typically acquire a small amount of equity in a startup, then work quickly to help a company achieve a short-term goal like raising money or launching a product. While incubators house companies for months or years, accelerators like Health Wildcatters work in weeks. Health Wildcatters focuses mainly on early-stage healthcare technology startups, including IT, SaaS, digital health and mobile health companies. Companies receive an initial seed investment and a 12-week program in which Health Wildcatters works quickly to help the company build value and refine its product. The name “wildcatter” hearkens back to independent oil entrepreneurs who were willing to take risks in where they drilled. Health Wildcatters takes the same approach to finding companies. This entrepreneurial approach allows it to help more startups reach their goals.

StartUp Health –Chaired by TimeWarner CEO Jerry Levin, this incubator aims to fund 1,000 healthcare companies within the next decade to help transform the face of the healthcare industry. StartUp Health works to build sustainable growth in its companies over a three-year period. During the incubation period, StartUp Health matches companies with a network of more than 10,000 health professionals and business people focused on improving digital health and wellness.

The Iron YardWith its first location in Asheville, NC, the Iron Yard is growing a network of incubators focused on growing new areas of technology like digital health, green tech and emerging technologies. Its digital health accelerator, located in Spartanburg, SC, is working to turn one of the nation’s oldest railroad junctions into a hub for digital health innovation. The Iron Yard offers startups $20,000 in seed capital and three months of mentorship and workshops from experts in design, development and financing. The Iron Yard also offers training in web development and programming to place graduates with the startup companies it supports.

Blueprint HealthBlueprint Health, located in New York City, is one of the largest incubators in any niche and offers an expansive network of healthcare mentors to assist healthcare entrepreneurs launch new ventures. Blueprint Health focuses on companies developing tech projects directly for hospitals, physicians and health plans rather than consumer-facing applications, which means deeper access to established customers. In 2013, Blueprint Health focused its efforts on mature startups companies. While many incubators assist early-stage companies, more than half of Blueprint’s mentees already had paying customers. With more than 12,000 sq. ft. of space and two classes per year, Blueprint Health is able to help more than 100 healthcare companies each year.

Healthbox Healthbox offers accelerator programs in Boston, Chicago, Tampa, London, Nashville and Salt Lake City that provide  digital health entrepreneurs with funding and access to a global network of healthcare investors and providers. Healthbox launched its first accelerator program in Chicago in 2012 and quickly grew to other states and the UK. It recently expanded its business programs with $7 million in funding and started a program that helps hospitals create their own in-house Healthbox accelerator programs that, in turn, help companies gain traction within their own medical communities. So far, Healthbox has invested in 56 active startups, supported by a network of more than 350 expert mentors.

It Doesn’t End at the Incubator

Incubators do an incredible job of supporting young companies with startup capital, office space, design and marketing help and more. But, there are some services that most incubators just aren’t able to provide, especially to startups that handle sensitive information like personal health information and payment information. Securing that data and complying with the regulations that protect sensitive information can be a difficult process for a startup to undertake alone.

Since startups have to make every dollar stretch as far as they can, hiring IT staff and maintaining compliant data infrastructure can be out of reach. Luckily, startups can find partners outside of their incubator space that can help them meet data security and compliance standards. Layered Tech is committed to helping startups do just that. With a three-year commitment through the Layered Tech Startup Program, qualified businesses can receive the first six months of cloud hosting and compliance management free and the subsequent six months at a 50-percent discount. Layered Tech is proud to partner with startups to drive innovation in the healthcare and payments industries, and as a leader in secure cloud and compliant hosting solutions, understands the importance of helping startups focus on growing their business, and securing their data.

About the Author: As Director of Partner Sales for Layered Tech, Steve Chu (@stevendkchu) brings over 9 years of experience to the Payment and PCI Compliant Hosting industry.  His background prior to Layered Tech was with HMS/Micros Systems, which provides a point-of-sale solution for the hospitality industry, and also with global IT consulting firm, Sogeti Capgemini.

How to Ensure a Smooth Data Center Migration

We know that the word “migration” is enough to make most IT professionals lose sleep, and for good reason. Moving production data and applications to a new data center can be an undertaking, but it doesn’t have to be a nightmare. Properly managing a data  and application migration begins with a plan and understanding the needs of your business.

There are two types of data migrations: forced migrations and planned migrations. Obviously, a planned data migration offers more opportunity to strategize your move around hardware lifecycles, development timelines and the needs of your business. Forced, emergency migrations are certainly not as easy, but they can be managed easily if you and your IT staff and resources take the proper steps beforehand to ensure a smooth transition. Here are a few tips to truly prepare for data migration.

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Health Wildcatters – As the Seed Grows

So, you’re an entrepreneur with a bright idea around technology in the healthcare industry. You have the necessary technical and business knowledge and you’ve put together a small, dedicated team. You’ve planted your technology seed and you’re bootstrapping your business.

Everything at this point is relying on you. Whether you succeed or fail depends, arguably, on whom you know, what your cash flow situation is, the guidance available to you, having a competitive advantage, and even having a workplace environment conducive to development of your idea. Without these things, your technology seed may never take root.

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Visit Layered Tech at HIMSS14

On September 23, 2013 the HIPAA Omnibus Rule went into effect. This rule provides further clarification to a complex set of requirements. It also defines some potentially catastrophic penalties associated with a Protected Health Information (PHI) or Electronic Protected Health Information (ePHI) breach.

Whether your company is a Business Associate, or a Covered Entity, the HIPAA Omnibus Rule has a significant impact on the policies and security measures in place for your hosting environments.

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Top 10 HIPAA Data Breaches of 2013

With 2013 in the books, it’s time to look back at some of the biggest health information privacy blunders of the year. The list below represents the ten largest HIPAA data breaches as tracked by the U.S. Department of Health & Human Services (HHS), based on the total numbers of affected individuals.

While penalties haven’t been handed down and lawsuits settled, each of the below likely represent millions of dollars in fines and settlements. For example, during 2013 HHS handed out penalties ranging from $150,000 to $1.7 million. Potential class action lawsuits and the cost of providing fraud protection for those affected can quickly propel those costs into the tens of millions or even billions.

So on that happy note, let’s dive in!

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10 Reasons Why Migrating to the Cloud Makes Sense

I had the opportunity to attend and speak at recent KANAConnect events in the US and Europe. I was surprised and delighted at the breadth of discussion and focus placed on cloud computing and the forward-thinking direction of many of the attendees.

One thing that was quite clear and different from what I’d experienced at past KANA events was the overall mindset towards the cloud playing a larger role in the future growth plans of the majority of the companies in attendance.

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Startups That Fly – Layered Tech’s Role

As Director of Compliance and Security services at Layered Tech since 2008, I have seen our Compliant Services business grow significantly during that time. With that growth, there has been a noticeable phenomenon related to our startup clients who have reached an attractiveness level high enough to become acquisition targets.

We are in a unique position to see this happen from start to finish. It is a behind-the-scenes supporting role where our economy of scale and simplified audit-service goals lend upward momentum. I have seen this happen several times, including with Layered Tech itself. It is a topic that deserves some background, so let me lay out an example of what I mean.

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Hooray for HITRUST

It can be difficult to prove whether a cloud or managed hosting provider is certified HIPAA compliant because today no formal process or status exists to verify that claim. The HIPAA Security Rule allows the use of any security measures that reasonably and appropriately implement its standards and implementation specifications. For health care innovators, this wiggle room can cause some uncertainty about whether their IT infrastructure is compliant and secure, or in danger of a costly HIPAA violation.

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Q4 Update From Layered Tech CEO Jack Finlayson

I’m excited to update you on the progress and status of Layered Technologies (LT) Inc. as we begin the fourth quarter of 2013.

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Preparing for New Payment Card Industry Data Security Standards

The PCI DSS (Payment Card Industry Data Security Standard) is in a release cycle this year, meaning version 3.0 will be released shortly. At this year’s recent Community Meeting of the PCI Security Standards Council, much discussion centered on the new version of the standard, which is why both me and our Chief Risk Officer, Jeff Reich, attended.

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