Tokenization: Stop Sending All that PHI - Sequent at ViVE 2022
Healthcare orgs share large amounts of PHI with 3rd party vendors. They share it for analytics, rev cycle management, call center services, and more. It's a necessary part of the business. But you know what isn't necessary? Sharing everything!
There is a very disrespected requirement in HIPAA called minimum necessary. It means exactly what it says... you should share only that which is needed to do the job (typically under treatment, payment, or operations). In my experience, the default is to just send everything. It's lazy. It's wrong. It's risky. And it's completely unnecessary.
We recently spoke with Joan Ziegler, CEO, and Chris Hottinger, VP of Healthcare, at Sequent about their 3P Secure tokenization platform. It uses the technology behind your credit card chips to secure data in motion, rendering it worthless to the bad guys. It also provides healthcare organizations with a way to finally adhere to the minimum necessary requirement in HIPAA.
On this episode, we discuss the value that tokenization brings to healthcare. We also explore Sequent's journey from FinTech to healthcare.
It's an instructive conversation about how to bring technology from other sectors into healthcare, and how to avoid walking into the buzzsaw that surprises many new entrants.
This episode is the 5th and final episode of a series recorded at ViVE 2022 in Miami Beach, Florida, March 6-9, 2022. You can find all of our ViVE 2022 episodes here.
Joan Ziegler, CEO
- Veteran Silicon Valley CEO and executive in FinTech, consumer software, and software licensing
- Invented next-generation mobile payment solutions used in more than 100 million US cards under American Express, Discover, First Data, MasterCard, and Visa brands at PrivaSys & FiTeq
- Florida Atlantic University, Florida State University
- joan.ziegler@sequent.com
Chris Hottinger, VP Healthcare
- Over 20 years of experience in healthcare consulting
- Managed various healthcare consulting services
- Developed SaaS-based incident management software to promote patient safety & regulatory compliance
- University of California, Davis, California State University, East Bay
- chris.hottinger@sequent.com
Sequent Software
Based in Silicon Valley, Sequent Software was founded in 2010. Since its founding, Sequent has been at the forefront of digital transformation and mobile security. Sequent delivers its patented technology to enable and secure mobile experiences in payments, financial services, loyalty, and digital access to hard and soft assets. Sequent Platform fully secures account data, personal data, PII, Electronic Health Records, and other credentials on mobile, wearable, and IoT devices. Sequent serves customers globally from offices in Phoenix, Tokyo, London, Hong Kong, Shenzhen, Macau, and São Paulo.
Learn more: https://www.sequent.com/
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