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 is the final of our 5 interviews recorded at ViVE 2022 in Miami. For full show notes and links: https://thehcbiz.com/188-tokenization-stop-sending-all-that-phi-sequent-vive-2022/