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The Healthcare Informatics 100 Product Breakouts: Data Security

June 29, 2016
by the Editors of Healthcare Informatics
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Editor’s Note: Each year, Healthcare Informatics ranks the 100 vendors with the highest revenues derived from healthcare IT products and services earned in the U.S. based on revenue information from the previous year. This year, however, for the first time ever, vendors were also asked to estimate the percentage of revenue earned in all of their product segments. For the vendors that filled out the product revenue data, those percentages were displayed in pie chart form within each listing.

Beyond presenting the product segment revenues in each company listing, Healthcare Informatics editors wanted to further breakdown the top revenue earners in each of our seven segments: Financial Information Systems, Clinical Information Systems, Data Analytics, Data Management, Data Security, Data Exchange, and Consulting Services.

Throughout the next several days, Healthcare Informatics will reveal its top 5 companies by revenue—based on percentage of total health IT revenue—within these seven different categories. Serving as a supplement to the broader Healthcare Informatics 100 list, we hope that this data, along with the brief content that accompanies it, gives you our readers, a greater sense into the latest market trends within each of these respective product categories.

All data has been sent to Healthcare Informatics from the vendors themselves and confirmed by each company.

Regarding healthcare data security product trends, Mac McMillan, notable data security expert and CEO of the Austin, Tx.-based consulting firm CynergisTek, says that advanced malware detection solutions will continue to be a high priority as organizations struggle with stopping cyberattacks, particularly those using zero-day attacks and advanced malware.

McMillan, who has spoken openly and often about cyber defense strategies for healthcare organizations, adds that MSSP (managed security service provider) services for real-time 24/7 threat monitoring will continue to become more mainstream as organizations seek more effective early detection of cyberattacks.

“Solutions that address the Internet of Things, or [as] some say today the Internet of Everything, will become more in demand as organizations look to close off avenues into their enterprises,” he says. “Systems employing biometric authentication and multi-factor authentication will become more desirable as organizations seek to limit the risk presented by users not protecting personal credentials and password weaknesses,” McMillan says.

Top 5 Data Security Vendors by Revenue

Vendor Product Breakout Revenue % Of Whole Revenue
Imprivata $105,000,000 100%
CIOX Health $55,100,000 10%
Dimension Data $17,500,000 10%
CareTech Solutions $17,300,000 10%
Carousel Industries $13,750,000 25%

 

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