52% Revenue Growth Due to Increased Demand for Compliance Solutions
CynergisTek announced that it has achieved a record first quarter in 2014 for revenue, with a 52 percent increase over the same period in 2013. The company attributes growth to increased demand for expert guidance and turnkey compliance solutions that address today’s complex regulatory environment.
To meet this demand, CynergisTek has expanded its staff by 20 percent in the first three months of 2014, with plans to bring on even more new hires in the second quarter of this year. CynergisTek also plans to expand its audit, privacy and security offerings to support the company’s continued investment in providing the most effective, ongoing compliance management services to its customers.
The increase in regulatory scrutiny in healthcare is pushing provider organizations to reevaluate its security posture in an effort to better manage patient privacy and the security of protected health information. As investigations, enforcement and random audits become the norm, the need for expert support has become critical.
“Mounting regulatory pressures are driving demand for proactive management solutions and dedicated support to help provider organizations alleviate internal resources and ensure compliance,” said Dr. Michael G. Mathews, CynergisTek president and COO. “With enforcement activities expected to ramp up in 2014, we expect this demand will continue and as such are making strategic additions to our team to ensure our customers are prepared.”
CynergisTek strives to make quality IT security consulting available and accessible to healthcare organizations regardless of size or complexity. CynergisTek’s core competencies are enhanced through strategic relationships with best-in-class partners in areas including data loss prevention, log data management and application security to deliver trusted expert resources to all of its clients.
Click here to learn more and read the proposed document.