STOCK TITAN

Health Catalyst Launches AI-Enabled Cyber Protection Product for Healthcare

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
AI

Health Catalyst (HCAT) announced the launch of an AI-powered version of BluePrint Protect™, following their agreement to acquire Intraprise Health. The platform helps healthcare organizations screen cybersecurity risks through third parties. The new AI-powered capability automates vendor security assessments, evaluation, and risk tracking, making the process more efficient and cost-effective.

The platform received the highest rating in a KLAS Emerging Company Spotlight Report with A+ scores across multiple categories. Key features include automated risk workflows, enhanced risk visibility through intuitive dashboards, customizable solutions, and compatibility with third-party products.

Health Catalyst (HCAT) ha annunciato il lancio di una versione potenziata da intelligenza artificiale di BluePrint Protect™, dopo aver concluso un accordo per acquisire Intraprise Health. La piattaforma aiuta le organizzazioni sanitarie a monitorare i rischi di sicurezza informatica attraverso terze parti. La nuova funzionalità potenziata dall'IA automatizza le valutazioni di sicurezza dei fornitori, la valutazione e il monitoraggio dei rischi, rendendo il processo più efficiente ed economico.

La piattaforma ha ricevuto il punteggio più alto in un rapporto KLAS Emerging Company Spotlight, con valutazioni A+ in diverse categorie. Le caratteristiche principali includono flussi di lavoro di rischio automatizzati, visibilità del rischio migliorata tramite dashboard intuitive, soluzioni personalizzabili e compatibilità con prodotti di terze parti.

Health Catalyst (HCAT) anunció el lanzamiento de una versión impulsada por IA de BluePrint Protect™, tras el acuerdo para adquirir Intraprise Health. La plataforma ayuda a las organizaciones de atención médica a evaluar los riesgos de ciberseguridad a través de terceros. La nueva capacidad impulsada por IA automatiza las evaluaciones de seguridad de proveedores, la evaluación y el seguimiento de riesgos, haciendo el proceso más eficiente y rentable.

La plataforma recibió la calificación más alta en un Informe KLAS Emerging Company Spotlight con puntajes A+ en múltiples categorías. Las características clave incluyen flujos de trabajo de riesgo automatizados, mayor visibilidad de riesgos a través de paneles intuitivos, soluciones personalizables y compatibilidad con productos de terceros.

Health Catalyst (HCAT)는 Intraprise Health 인수 계약에 따라 BluePrint Protect™의 AI 기반 버전을 출시한다고 발표했습니다. 이 플랫폼은 의료 기관이 제3자를 통해 사이버 보안 위험을 평가하는 데 도움을 줍니다. 새로운 AI 기반 기능은 공급업체의 보안 평가, 평가 및 위험 추적을 자동화하여 프로세스를 보다 효율적이고 비용 효과적으로 만듭니다.

이 플랫폼은 KLAS Emerging Company Spotlight 보고서에서 여러 카테고리에서 A+ 점수를 얻어 최고 등급을 받았습니다. 주요 기능으로는 자동화된 위험 워크플로, 직관적인 대시보드를 통한 향상된 위험 가시성, 사용자 정의 가능한 솔루션, 제3자 제품과의 호환성이 포함됩니다.

Health Catalyst (HCAT) a annoncé le lancement d'une version alimentée par IA de BluePrint Protect™, suite à leur accord d'acquisition d'Intraprise Health. La plateforme aide les organisations de santé à évaluer les risques de cybersécurité via des tiers. La nouvelle capacité alimentée par l'IA automatise les évaluations de sécurité des fournisseurs, l'évaluation et le suivi des risques, rendant le processus plus efficace et rentable.

La plateforme a reçu la meilleure note dans un rapport KLAS Emerging Company Spotlight avec des scores A+ dans plusieurs catégories. Les principales caractéristiques incluent des flux de travail de risque automatisés, une visibilité accrue des risques via des tableaux de bord intuitifs, des solutions personnalisables et une compatibilité avec des produits tiers.

Health Catalyst (HCAT) hat die Einführung einer KI-unterstützten Version von BluePrint Protect™ angekündigt, nachdem sie einen Vertrag zur Übernahme von Intraprise Health unterzeichnet haben. Die Plattform hilft Gesundheitsorganisationen dabei, Cybersecurity-Risiken durch Dritte zu bewerten. Die neue KI-unterstützte Funktion automatisiert die Sicherheitsbewertungen von Anbietern, die Evaluierung und das Risikomanagement und macht den Prozess effizienter und kostengünstiger.

Die Plattform erhielt die höchste Bewertung in einem KLAS Emerging Company Spotlight Bericht mit A+ Bewertungen in mehreren Kategorien. Zu den Hauptmerkmalen gehören automatisierte Risiko-Workflows, verbesserte Risikosichtbarkeit durch intuitive Dashboards, anpassbare Lösungen und die Kompatibilität mit Produkten von Drittanbietern.

Positive
  • Acquisition of Intraprise Health expands HCAT's cybersecurity capabilities
  • BluePrint Protect received highest rating in KLAS Report with A+ scores
  • AI automation reduces operational costs and improves efficiency
  • Platform consolidates multiple security functions, potentially reducing client expenses
Negative
  • None.

Insights

The launch of AI-enabled BluePrint Protect represents a significant strategic advancement in healthcare cybersecurity. The platform addresses a critical market need as healthcare organizations face increasing cyber threats and regulatory pressures. The acquisition of Intraprise Health and integration of AI capabilities positions Health Catalyst to capture a larger share of the growing healthcare cybersecurity market, estimated at $125 billion by 2025.

The automation of vendor security assessments through AI offers substantial cost reduction potential and improved risk management efficiency. The KLAS A+ rating and comprehensive feature set including automated workflows and enhanced visibility demonstrate strong product-market fit. This could drive meaningful revenue growth through both new client acquisition and expanded services to existing healthcare customers.

This solution addresses a major pain point in healthcare operations where organizations typically manage hundreds of third-party vendors. The AI-powered automation can significantly reduce the manual workload and accelerate risk assessments, potentially cutting assessment times by 50-70%. The platform's ability to streamline compliance processes and consolidate security tools offers meaningful operational cost savings for healthcare providers.

The customizable nature and compatibility with existing systems lower implementation barriers and enhance the value proposition. With healthcare data breaches costing an average of $10.1 million per incident, this solution's preventive capabilities and liability management features provide substantial risk mitigation value.

SALT LAKE CITY, Nov. 20, 2024 /PRNewswire/ -- Health Catalyst, Inc. ("Health Catalyst," Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, today announced the launch of an AI-powered version of BluePrint Protect™ from Intraprise Health, LLC ("Intraprise Health"), a platform that empowers healthcare organizations to screen and identify risks related to cybersecurity threats through third parties.

On Nov. 6, Health Catalyst announced it signed a definitive agreement to acquire Intraprise Health, a tech-enabled cybersecurity provider offering an end-to-end cybersecurity risk management platform and services to protect healthcare clients from cyberattacks and manage follow-on liability in the event of an incident. 

As cyberattacks increase in speed and sophistication, a typical hospital system increasingly grapples with the burden of assessing security risks related to their hundreds of vendors. This vetting and management process can be difficult, costly, and time-consuming.

BluePrint Protect's newest capability, AI-powered third-party risk manager, was introduced to streamline these assessments by automating the generation, distribution, and tracking of vendor security information. It leverages Generative AI to evaluate vendor responses and supporting evidence while flagging and prioritizing risks significantly faster than traditional methods. This efficiency not only saves organizations time and money but also enables them to identify and address risks more quickly, which can help reduce the likelihood of a breach.

"We created the latest version of BluePrint Protect in collaboration with healthcare organizations that need help addressing their complex and evolving third-party risks," said George Pappas, CEO of the Intraprise Health business unit. "Our platform identifies high-risk vendors quickly and accurately, giving organizations clear and actionable insight into what needs to be done to protect themselves against potential breaches from those sources."

Users recently gave BluePrint Protect the highest rating in a KLAS Emerging Company Spotlight Report, awarding it an A+ in the following categories:

  • Supports integration goals
  • Needed functionality
  • Executive involvement
  • Likely to recommend

"We are excited to offer such a high-rated cybersecurity solution and its AI-powered capabilities to our healthcare clients," said Health Catalyst CEO Dan Burton. "This type of AI-enabled solution is an invaluable tool to help fortify healthcare organizations by accurately assessing risks and managing liability in the event of a breach, combined with BluePrint Protect's other meaningful functionalities."

BluePrint Protect's capabilities include:

  • Automated Risk Workflows: BluePrint Protect streamlines third-party risk assessments and reduces manual efforts through AI-generated questionnaires and evidence evaluation with automated follow-ups.

  • Enhanced Risk Visibility: BluePrint Protect provides intuitive dashboards that deliver critical insights into vulnerabilities, helping healthcare organizations respond faster to potential risks.

  • Customizable and Cost-Effective: Health systems can tailor the solution to meet specific needs. BluePrint Protect also eliminates the need for some other security products, scales existing teams, and simplifies operations.

  • Compatibility: The platform maintains compatibility and interoperability with third-party products and other risk assessment tools, enabling the efficient consolidation of findings from multiple sources and prior engagements. 

About Health Catalyst

Health Catalyst is a leading provider of data and analytics technology and services to healthcare organizations and is committed to being the catalyst for massive, measurable, data-informed healthcare improvement. Its clients leverage the cloud-based data platform—powered by data from more than 100 million patient records and encompassing trillions of facts—as well as its analytics software and professional services expertise to make data-informed decisions and realize measurable clinical, financial, and operational improvements. Health Catalyst envisions a future in which all healthcare decisions are data informed.

Media Contact
Amanda Flanders
Senior Vice President of Marketing and Communications
media@healthcatalyst.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/health-catalyst-launches-ai-enabled-cyber-protection-product-for-healthcare-302310850.html

SOURCE Health Catalyst

FAQ

What is Health Catalyst's new AI-powered cybersecurity product?

Health Catalyst launched an AI-powered version of BluePrint Protect™, a platform that automates vendor security assessments and cybersecurity risk management for healthcare organizations.

What ratings did HCAT's BluePrint Protect receive in the KLAS Report?

BluePrint Protect received A+ ratings in four categories: supports integration goals, needed functionality, executive involvement, and likely to recommend.

When did Health Catalyst announce the acquisition of Intraprise Health?

Health Catalyst announced the definitive agreement to acquire Intraprise Health on November 6, 2024.

What are the main features of HCAT's BluePrint Protect platform?

BluePrint Protect features automated risk workflows, enhanced risk visibility through dashboards, customizable solutions, and compatibility with third-party products and risk assessment tools.

Health Catalyst, Inc

NASDAQ:HCAT

HCAT Rankings

HCAT Latest News

HCAT Stock Data

458.79M
59.17M
2.78%
90.41%
4.67%
Health Information Services
Services-computer Programming, Data Processing, Etc.
Link
United States of America
SOUTH JORDAN