QualityStocks News - Healthcare Data Security Lacking Muscle; Consorteum Holdings (CSRH) has the Fix

QualityStocks would like to highlight Consorteum Holdings, Inc. (OTCBB: CSRH), an international transaction management and mobile publishing company. Consorteum delivers complex, bespoke, secure client solutions in payments and digital publishing to a broad range of businesses in public and private sectors. The company utilizes their distinct knowledge, services, and relationships to maximize the commercial and strategic benefits of digital technology and associated services, and acts as an industry partner in technology, framing medium and long-term business solutions.

In the company’s news,

Consorteum Holdings, Inc. (CSRH) has a fix for a major problem. We see a lot of buzz about online security when it comes to bank and personal identification data, but not much about the security of our healthcare information. According to the Ponemon Institute, however, in 2014 more organizations reported a higher frequency and number of data breaches than the year prior. The same report shows that nearly 39 million individuals have had their “protected” healthcare information compromised in security and privacy breaches since 2009.

The good news is that the uptick in breaches has subsequently triggered a prioritization of data breach prevention. The bad news is that the 2014 Verizon Data Breach Investigations Report shows that healthcare organizations are behind the curve when it comes to implementing efficient privacy and security measures.

While concerns of healthcare security go unseen by the majority of us, recent data breaches at Target, Home Depot and several other large companies shed light on the magnitude and severity of compromised security. In response many relatively unknown companies are stepping forward with innovative technology capable of turning the tide.

Specializing in the delivery of mobile content, mobile payment solutions and products through strategic partnerships, license agreements, and joint ventures, Consorteum Holdings offers mobile initiatives that benefit multiple business verticals; among them, mobile health care.

Consorteum’s 359 Thin Client Server / Hybrid Mobile Application, provides the HIPPA-required security for health care transactions. Another perk of the technology? Cost savings. By nature, the health care industry is extremely labor and record intensive, which translates into expensive. Consorteum’s solution, developed by its 359 subsidiary, allows patients secure access to their own medical information, thereby minimizing unnecessary expenses.

359 also developed Consorteum’s Universal Mobile Interface (UMI) platform, the first universal mobile content delivery solution available that is based on web-standards and is carrier, operating system, and device agnostic. The UMI platform could include optimized patient data processing and reduced costs as in the following examples:

• Secure account access and mobile health records (Clients can success appointment and results information as well as review health records)
• Medication notifications and automatic refills (It is often critical that medications not be combined, mobile records could save lives)
• Real-time insurance co-pay information for prescriptions
• Records update for emergency personnel (Having access to a patient’s medical history will save time and assist in emergency treatment)
• Non-emergency medical inquiries (Medical practitioners can avoid expense visits by interacting with patients online or mobile)

Verizon’s report shows that the biggest sources of breaches in the healthcare industry is loss or theft of employee’s devices (laptops, hard drives, USB drives, etc.), further compounded by a lack of encryption. By putting patients at the center of their own healthcare information, Consorteum offers healthcare providers a way to reduce labor costs while mitigating the risk of security breach among their staff.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.