FairWarning Revenue Hits Triple Digits
FairWarning, Incorporated reports the dramatic increase in the company’s revenues. The company owns the most frequently used auditing system for cross-platform healthcare privacy.
Earnings reported for the most recent six months indicate that the company’s revenue increased more than 200 percent during the same period in 2007. The company is now earning positive revenues, where is was previously breaking even.
The exponential growth in revenues is correlated with the increased sales of the company’s privacy auditing systems. Purchasers of the company’s system include major physician offices, hospitals, and health systems.
The company suggests that the increased sales are a result of more cases of identity theft, as well as employee snooping. Organizations across the industry are more concerned with privacy in light of impending HIPAA audits. More and more groups are recognizing the importance of protecting patient privacy.
The company offers an array of solutions specifically for electronic health records for different customers that can be used straight of the box.
July 25, 2008 Related topics: Finance, Ethics & Scandals, Corporate Financials, IT & software