FairWarning doubles H1 revenues year-on-year

ST. PETERSBURG, Fla. The healthcare privacy auditing solutions for electronic health records company FairWarning has announced that during the first six months of 2008, the company more than doubled revenues over the same period of time in 2007. Furthermore, the company expects that by the end of this year, it will double 2007 revenues.

FairWarning has experienced a spike in sales of its privacy auditing solutions across every sector of the healthcare industry including: hospitals, health systems and major physician offices. FairWarning attributes its growth and growing customer base to a drastic increase in major identity theft and employee snooping incidents. Additionally, the news of HIPAA audits has fueled an industry-wide realignment of priorities with privacy and security compliance at the top of mind for healthcare organizations.

“Driving our market is the recognition among healthcare organizations and patients that private patient data can be compromised and used for fraudulent purposes,” said Kurt Long, chief executive officer of FairWarning. “Our company is laser focused on enabling our customers to proactively thwart patient privacy breaches while meeting specific auditing provisions of HIPAA.”