Elev8Data Company Profile

Background

Overview

Elev8Data is a technology company specializing in healthcare data security and artificial intelligence (AI) solutions. The company focuses on safeguarding sensitive patient information and providing actionable insights to enhance patient care and operational efficiency.

Mission and Vision

Elev8Data's mission is to transform healthcare through technology by ensuring unparalleled data security and delivering AI-driven insights that improve patient outcomes while reducing healthcare costs. The company's vision is to create a future where healthcare data is securely shared across the ecosystem, enabling better decision-making and personalized care.

Primary Area of Focus

The company's primary focus is on developing solutions that protect personal health information (PHI) and facilitate secure data sharing among healthcare providers, researchers, and AI firms. This includes technologies that tokenize, mask, and redact sensitive data to prevent unauthorized access.

Industry Significance

In an era where data breaches are increasingly common, Elev8Data plays a critical role in maintaining the integrity and confidentiality of healthcare data. By offering secure data sharing solutions, the company contributes to the advancement of healthcare research, precision medicine, and overall patient care.

Key Strategic Focus

Core Objectives

Data Security: Implement robust measures to protect sensitive patient data from unauthorized access and breaches.

AI Integration: Leverage AI technologies to analyze de-identified data, providing actionable insights for healthcare providers.

Interoperability: Facilitate seamless data sharing across the healthcare ecosystem to enhance collaboration and decision-making.

Specific Areas of Specialization

Data De-Identification: Utilize tokenization, masking, and redaction techniques to secure PHI while maintaining data utility for authorized users.

AI-Driven Insights: Develop AI models that analyze de-identified data to support precision medicine, reduce medical malpractice, and inform clinical decisions.

Key Technologies Utilized

3PSecure Privacy Enabling Technology: A proprietary platform that ensures data security by stripping personal sensitive data from electronic health records.

Knowledge Graph AI: An AI framework that organizes and analyzes complex healthcare data to uncover patterns and insights.

Primary Markets Targeted

Healthcare Providers: Hospitals, clinics, and individual practitioners seeking secure data sharing solutions.

Clinical Research Organizations (CROs): Entities requiring access to de-identified patient data for research purposes.

AI and Data Analytics Firms: Companies developing AI models that require access to large datasets without compromising patient privacy.

Financials and Funding

Funding History

Elev8Data has successfully raised $100 million through non-dilutive financing, including grants and prepaid deals, as well as investments from family offices and venture capital firms. The company has effectively returned capital to its investors, demonstrating financial prudence and commitment to shareholder value.

Utilization of Capital

The raised funds have been allocated towards:

Product Development: Enhancing and expanding the 3PSecure platform and AI capabilities.

Market Expansion: Entering new healthcare markets and establishing strategic partnerships.

Operational Scaling: Building infrastructure to support increased demand and ensure service reliability.

Pipeline Development

Key Pipeline Candidates

3PSecure Platform Enhancements: Ongoing development to improve data de-identification processes and integrate advanced AI analytics.

AI-Driven Healthcare Solutions: Development of AI models aimed at reducing medical malpractice and supporting precision medicine initiatives.

Stages of Development

3PSecure Platform: Currently in the advanced stages of development, with continuous updates to enhance security features.

AI Models: In the research and development phase, with initial prototypes undergoing internal testing.

Target Conditions

Medical Malpractice: Utilizing AI to identify patterns that may lead to malpractice, thereby reducing incidents.

Chronic Diseases: Applying AI to support precision medicine approaches for managing chronic conditions.

Anticipated Milestones

3PSecure Platform: Expected to achieve full deployment across multiple healthcare institutions within the next 12 months.

AI Models: Anticipated to enter pilot testing phases within the next 6 months.

Technological Platform and Innovation

Proprietary Technologies

3PSecure Privacy Enabling Technology: A unique solution that ensures data security by removing personal sensitive data from electronic health records, making it useless to unauthorized parties even if breached.

Significant Scientific Methods

Knowledge Graph AI: An advanced AI framework that organizes complex healthcare data into a graph structure, enabling sophisticated analysis and insight generation.

Leadership Team

Joan Ziegler – Founder & CEO

Joan has over 25 years of experience in leading startups, having founded and led five companies. She has successfully raised $100 million through non-dilutive financing and venture capital, and has a proven track record in creating and monetizing patent portfolios.

Sri Muthu – Chief Technical Officer

Former Head of Innovation at Wells Fargo, Sri is renowned for developing Zelle and is an expert in neural networks. He has founded five startups over 25 years and has a strong background in driving rapid growth through technological innovation.

Steve DeAngeles, MD – Chief Medical Officer

With 30 years as a General Internal Medicine Physician, Steve is an innovator and entrepreneur. He has served as a Medical Director and is recognized as a first mover in concierge medicine.

Alison Derbenwick Miller – Chief Research Officer

Alison brings over 20 years as an Oracle Strategist and holds two patents pending for health research products. She has been a Strategy Advisor at Stanford Deep Research Center and has served on the ACM Education Board for over a decade.

Frank Pierri – SVP Sales

With 25 years in driving adoption of novel solutions in healthcare, Frank is an expert in analytics, business solutions, and customer-focused sales. His focus includes digital transformation, innovation, and ensuring HIPAA compliance and security.

Shannon McElyea – VP Business Development & Strategy

Shannon has extensive experience in creating partnership ecosystems and marketing strategies. She has significantly contributed to numerous successful IPOs and acquisitions and has a proven track record in tripling sales within one year for multiple companies through strategic programs and partnerships.

Competitor Profile

Market Insights and Dynamics

The healthcare data security market is experiencing rapid growth due to increasing concerns over data breaches and the need for secure data sharing. The integration of AI in healthcare is also expanding, offering opportunities for companies that can provide secure and actionable insights from healthcare data.

Competitor Analysis

Competitor A: Focuses on data encryption solutions but lacks comprehensive de-identification capabilities.

Competitor B: Offers AI analytics for healthcare but does not provide integrated data security measures.

Strategic Collaborations and Partnerships

Elev8Data has established partnerships with healthcare providers, research institutions, and AI firms to enhance its data security solutions and expand its market reach.

Operational Insights

Elev8Data differentiates itself by offering a comprehensive solution that combines data de-identification with AI-driven insights, addressing both security and analytical needs in the healthcare sector.

Strategic Opportunities and Future Directions

The company plans to expand its offerings to include additional AI models targeting various healthcare challenges and to enter new geographic markets to broaden its impact.