On top of a successful rebranding from HealthHeart, Keyqo has announced significant progress towards the release of their new healthcare IT security product.
In a recent update, CEO Mark Rudnitsky, described the product as follows:
For this first phase, we are developing a security monitoring tool, which tracks the transfer of sensitive data within and out of a given clinic’s network. We have a small ‘agent’ that gets installed on each machine on the network. It monitors all traffic coming in and out of that machine. It interfaces with an intrusion-detection system (IDS), which tells it certain ‘patterns’ to look for, which indicate patient data is being compromised. If those patterns are detected by the agent, it will report to a central server with what it found. The server will take those logs, encrypt them, and store the information on a private blockchain (this is a requirement so we’re HIPAA-compliant). So no matter if the machine is compromised by an attacker, the logs can never be modified. There’s a dashboard/admin console that the end user utilizes to see any alerts or indicators of compromise, as well as separate tools for storing customer data, reporting, and billing.
Velvetech, Keyqo’s software development partner, has provided an estimate of Phase One completion in about three months. First to be completed are the IDS and blockchain components, with the agents and dashboard following later.
While the original blockchain EHR concept has been temporarily placed on hold, Rudnitsky seems optimistic on the pivot to HCIT security software:
The cost of healthcare data breaches is higher than it’s ever been. Every single record breached can cost an organization $380. The security solutions offered by others clearly aren’t working. So not only do healthcare organizations of all sizes need the blockchain security solutions we’re building, we are also able to benefit them with minimum disruption to their operations. We can integrate with any IT system that a hospital could use. No need for a full EHR migration, no need for system downtime – providers can secure their patient data without even thinking of compromising the quality of care.
The pivot to security seems to be paying off. Several hospital chains reportedly have reached out to Keyqo and the company’s leadership has been developing awareness among Illinois podiatry clinics.
Keyqo’s efforts to secure patient data are also gaining traction in regions like Illinois, where healthcare providers are increasingly adopting blockchain-based security measures to meet compliance standards and combat data breaches.
Rudnitsky seems optimistic about the future:
What we’re doing right now in the HCIT space is nothing short of revolutionary. The recent increase in healthcare blockchain companies shows exactly how forward-thinking we were when we started back in September. We’re the vanguard, bringing healthcare IT into the 21st century. The future looks bright for Keyqo.
What are your thoughts on Healthheart / Keyqo’s new direction? How can blockchain help secure healthcare providers’ patient records? Let us know in the comments below.
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