hipaatrek

Company and Competitor Profile: HIPAAtrek

Company Overview: HIPAAtrek

HIPAAtrek is a cutting-edge provider dedicated to HIPAA compliance software, simplifying and automating compliance activities for healthcare facilities and hospitals. It is especially beneficial for small compliance teams across diverse healthcare settings. Essential features include Business Associate Agreement (BAA) and contract management, policy creation and management through templates, and automation of compliance processes to foster audit readiness. The platform is strategically developed to assist organizations in efficiently managing contracts, policies, forms, and employee training associated with HIPAA compliance.

Founding and Mission

HIPAAtrek was founded by Sarah Badahman, inspired by her experience as a healthcare administrator confronting inadequate compliance solutions. Her mission was to create a platform that provides not only storage of HIPAA compliance data but also automates organizational tasks and comprehensive reporting, instilling what HIPAAtrek terms "compliance confidence."

Leadership Team

• Amy Coulter, CEO: With a background in health technology and business strategy, Amy played a role in the founding of Ability Network and joined HIPAAtrek as a board member, later becoming the CEO in 2021.

• Sarah Badahman, MPH, CHPSE, Founder and President: She is a HIPAA compliance consultant and speaker, dedicated to helping healthcare administrators adhere to compliance challenges.

• Patty Chapman, Senior Director of Client Engagement: Brings 30 years of IT experience, focusing on project management and client interaction.

• Joe Wivoda, CISSP, Senior Director of Risk Management: A HIPAA compliance expert with over 20 years in security risk assessments and consulting.

• Candee Schlicht, Vice President of Software Engineering: Has 20 years in software development, leading complex ASP.NET projects.

Financial Information

HIPAAtrek has garnered approximately $975K in funding, with the latest verified figures indicating $925K from notable investors, including New York Angels and Capital Innovators.

Market Position and Clientele

Positioned as a comprehensive HIPAA compliance solution, HIPAAtrek supports a varied client base of hospitals, clinics, startups, and healthcare business associates. The software is acclaimed for its effectiveness in achieving compliance objectives, supported by favorable client testimonials.

Professional Development and Resources

HIPAAtrek promotes ongoing professional development via webinars and tailored compliance training. Emphasizing comprehensive compliance understanding and application, they align these trainings with departmental needs to ensure thorough organizational compliance.

Contact Information

To learn more or schedule a demonstration:

• Phone: 1-833-217-5400

• Email: info@HIPAAtrek.com

• Website: [HIPAAtrek's Official Website](https://hipaatrek.com/)

Competitor Profiling

Key Competitors and Alternatives

1. SAI360

• Overview: Provides a wide range of Governance, Risk, and Compliance (GRC) solutions with integrated ethics and compliance learning resources.

• Founded: 2003

• Website: [SAI360](https://www.sai360.com)

• Workforce: 201-500 employees

• Specialties: Risk management, ethics training, IT risk management.

• Notable Products: SAI360 Technology and Learning Solutions.

2. Compliance Manager GRC

• Overview: Offers a targeted GRC software platform for Managed Service Providers and IT teams.

• Website: [Compliance Manager GRC](https://www.compliancemanagergrc.com)

• Features: Templates, integration, and features enhancing IT security assurance.

3. MedTrainer

• Overview: Provides comprehensive enterprise healthcare compliance management solutions.

• Founded: 2013

• Website: [MedTrainer](https://medtrainer.com)

• Users: 300,000 users across 15,000+ healthcare facilities.

• Leadership: Steve Gallion (CEO & Co-Founder), Jorge Fernandez (Co-Founder).

4. AuditBoard

• Overview: Specializes in transforming audit, risk, compliance, and InfoSec management through a sophisticated cloud-based platform.

• Website: [AuditBoard](https://www.auditboard.com)

• Clientele: Over 50% of Fortune 500 companies.

5. Hyperproof

• Overview: Focuses on automating compliance evidence collection across various security frameworks in a cloud-based setup.

• Founded: 2018

• Website: [Hyperproof](https://hyperproof.io)

Recent Trends and Market Dynamics

• SAI360 is enhancing its market position with GRC solutions, focusing on operational resilience and third-party risk. Their strategy involves leveraging AI and automation.

• MedTrainer remains competitive with significant investment rounds, including a $43 million Series B, boosting technological and market expansion.

• AuditBoard and Hyperproof are pushing cloud-based risk and compliance management, offering collaborative tools for efficient compliance processes.

This profile synthesizes HIPAAtrek's positioning with an in-depth analysis of its competitive landscape, enabling potential stakeholders to contextualize the choices available in the compliance software market.