NantHealth’s Eviti Connect Achieves HITRUST Risk-based, 2-year Certification to Further Mitigate Risk in Third-Party Privacy, Security and Compliance

Rhea-AI Summary

NantHealth, Inc. (NASDAQ: NH) has achieved HITRUST Risk-based, 2-year Certified status for its Eviti Connect solution, confirming its adherence to crucial regulations and security standards.

This certification places NantHealth among a select group of organizations globally, showcasing its commitment to data protection and information security. The HITRUST Assurance Program offers comprehensive controls addressing security and data challenges, which is essential in today’s evolving threat landscape.

Ron Louks, COO of NantHealth, emphasizes their dedication to maintaining the highest data protection standards through this achievement.

Positive

• Achievement of HITRUST Risk-based, 2-year Certification for Eviti Connect, enhancing credibility.
• Demonstrates commitment to data protection and information security, potentially attracting more customers.

Negative

• None.

HITRUST Certification validates NantHealth’s commitment to aligning with key regulations and protecting sensitive information

MORRISVILLE, N.C.--(BUSINESS WIRE)-- NantHealth, Inc. (NASDAQ-GS: NH), a leading provider of enterprise solutions transforming complex data into actionable insights, today announced its Eviti Connect solution has earned Certified status for information security by HITRUST.

HITRUST Risk-based, 2-year (r2) Certified status demonstrates that NantHealth’s Eviti Connect solution has met key regulations and industry-defined requirements for managing risk. This achievement places NantHealth in an elite group of organizations worldwide that have earned this certification.

“Organizations like ours are under continuous pressure to meet complex compliance and privacy requirements that include both technical and process elements,” said Ron Louks, Chief Operating Officer at NantHealth. “We are excited to demonstrate to our customers that we are committed to the highest standards for data protection and information security by achieving HITRUST Risk-based, 2-year Certification.”

By including federal and state regulations, standards and frameworks, and incorporating a risk-based approach, the HITRUST Assurance Program helps organizations address security and data protection challenges through a comprehensive and flexible framework of prescriptive and scalable security controls.

“In today’s ever-changing threat landscape, HITRUST is continually innovating to find new and creative approaches to address challenges,” said Jeremy Huval, Chief Innovation Officer, HITRUST. “NantHealth’s Eviti Connect HITRUST Risk-based, 2-year Certification is evidence that they are at the forefront of industry best practices for information risk management and compliance.”

About NantHealth, Inc.

NantHealth, a member of the NantWorks ecosystem of companies, provides enterprise solutions that help businesses transform complex data into actionable insights. By offering efficient ways to move, interpret and visualize complex and highly sensitive information, NantHealth enables customers in healthcare, life sciences, logistics, telecommunications and other industries to automate, understand and act on data while keeping it secure and scalable. NantHealth’s product portfolio comprises the latest technology in payer/provider collaboration platforms for real-time coverage decision support (Eviti and NaviNet), and data solutions that provide multi-data analysis, reporting and professional services offerings (Quadris). The OpenNMS Group, Inc., a NantHealth subsidiary, helps businesses monitor and manage network health and performance. For more information, visit nanthealth.com, follow us on Twitter, Facebook, LinkedIn and YouTube, and subscribe to our blog.

Forward Looking Statement

In addition to historical information, this Current Report on Form 8-K contains or may imply forward-looking statements within the meaning of the federal securities laws, such as any implication regarding the Company’s EVITI Connect solution and expectations regarding the Company’s opportunities related to achieving HITRUST certification for Eviti Connect, including any anticipated benefits, results and future opportunities related thereto. Such forward-looking statements include projections regarding the Company’s beliefs and expectations about future performance and, in some cases, may be identified by words like "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "seek" and similar terms or phrases. These statements are based on the Company’s beliefs and assumptions, which in turn are based on information available as of the date of this Current Report on Form 8-K. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement and could harm the Company’s business, prospects, results of operations, liquidity and financial condition and cause its stock price to decline significantly. Many of these factors are beyond the Company’s ability to control or predict. Important factors that could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements include, among others: the possibility that the conditions under the Credit Agreement are not satisfied, including for reasons outside the Company’s control, general economic conditions, including inflation, recession, adverse developments affecting the financial services industry, unemployment levels, spending patterns, credit availability and debt levels, more stringent or costly payment terms and/or the decision by a significant number of vendors not to provide services to the Company on a timely basis or at all, the ability to monetize the Company’s assets on acceptable terms, the ability to implement the Company’s strategic plan, including any potential restructuring initiatives, customer acceptance of the Company’s strategies, the Company’s ability to attract, motivate and retain key executives and other employees, the impact of cost reduction initiatives if implemented, the Company’s ability to generate or maintain liquidity, the Company’s shares are delisted from the Nasdaq Global Select Market, potential litigation relating to the Credit Agreement, risks relating to the substantial costs and diversion of personnel’s attention and resources due to these matters and other factors discussed in greater detail in the sections titled "Risk Factors" in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and in other documents filed or furnished with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements are made only as of the date hereof and the Company undertakes no obligation to update or revise publicly any forward-looking statements, except as required by law. New factors emerge from time to time, and it is not possible for us to predict all such factors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230321005523/en/

Jen Hodson

Jen@nant.com

562-397-3639

Source: NantHealth, Inc.

FAQ

What does NantHealth's HITRUST Certification mean for their Eviti Connect solution?

The HITRUST Certification indicates that Eviti Connect meets essential regulations and industry-defined requirements for information security.

How does HITRUST Certification impact NantHealth's business?

Achieving HITRUST Certification can enhance NantHealth's reputation, attract customers, and position them as leaders in data protection practices.

What is the significance of the HITRUST Risk-based, 2-year Certification for NantHealth?

It places NantHealth in an elite group of organizations that have demonstrated compliance with rigorous security standards, providing assurance to customers.

Is the HITRUST Certification beneficial for NantHealth's stakeholders?

Yes, the certification can lead to increased trust among stakeholders, potentially impacting stock performance positively.