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Verscend Achieves Prestigious Data Security Milestone for Payment Accuracy Solutions

WALTHAM, Mass.--( BUSINESS WIRE )-- Verscend Technologies, Inc. (Verscend), a leader in data-driven healthcare solutions, has achieved the sought-after HITRUST Common Security Framework (CSF ® ) certification for its Payment Accuracy solutions. HITRUST CSF certification is one of the most rigorous, in-depth assessment processes in healthcare, and indication that Verscend complies with the highest standards for data security and privacy. The company earned this certification as of the first quarter of 2018 following an extensive audit by an independent HITRUST assessor. “At Verscend, we are entrusted with data for 350 healthcare organizations, which collectively handle protected health information for approximately 125 million individual healthcare consumers. We take this responsibility very seriously and are constantly evolving our procedures, policies, and controls to improve the security and privacy of this data,” explained Emad Rizk, M.D., president and CEO of Verscend. “HITRUST CSF certification is a highly complex process requiring significant organizational commitment, investment, and expertise. Certification for our Payment Accuracy solutions is validation that our clients can count on Verscend.” The gold standard for data security in the healthcare industry, the HITRUST CSF Assurance Program provides a framework and clear prescriptive controls for security management, incorporating standards such as HIPAA, NIST-800, ISO 27001, PCI, FTC Red Flag, and COBIT. The certification program is offered through the HITRUST Alliance, a not-for-profit organization whose mission is to champion programs that safeguard sensitive information and manage information risk for organizations across all industries. Built specifically for the healthcare industry, HITRUST CSF has been adopted by 82 percent of health plans with membership greater than a half million, as well as 83 percent of hospitals throughout the United States. About Verscend Technologies, Inc. Verscend Technologies (formerly Verisk Health) drives better healthcare outcomes through data analytics, supporting payers' financial performance and quality improvement initiatives. Our Payment Accuracy, Risk Adjustment, and Quality and Performance solutions help organizations utilize their data so they can efficiently and cost-effectively succeed in the new era of healthcare. Learn more at www.verscend.com .
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