Technology

PHI-nd IT™ (PHI-nd IT, pronounced “find it”) and its complementary applications allow for the electronic request, retrieval, release, delivery, tracking and archiving of protected health information (PHI) with complete HIPAA compliance. This is the core ROI process that generates $1.6B in recurring annual revenue. PHI-nd IT is operational in approximately 300 locations and is widely acknowledged to be a best-of-breed application by ROI experts. PHI-nd IT has the capability to perform all core ROI functions at a data element level. This highly granular capability is dramatically more complex than any competitor technology, which moves document images (pictures) via pdf and tiff formats – e.g., we can populate a blood sugar graph with a specific blood sugar value as opposed to providing a “picture” of the blood analysis printout from the laboratory. This fundamental differentiator will increasingly be appreciated by the electronic healthcare community.

Universata’s second disruptive technology is the Equivalents Engine (E2). This technology enables universal communication between databases and systems sharing similar or “equivalent” kinds of information. E2 facilitates information flow through switchboard architecture while significantly minimizing the number of connections, associated costs and timelines. E2 will offer a full chain of custody and audit trail from end to end of the exchange process. Universata’s technology transforms current systems to allow for better, faster, cheaper, more secure information exchange, with complete regulatory compliance. Universata’s products (PHI-nd IT, etc) are built to take advantage of the benefits of E2.

The combination of PHI-nd IT and E2 creates an exchange that can serve as the National Health Information Exchange (NHIE), realizing interoperability and potentially creating an “industry standard” affecting both public and private sectors and electronic medical record exchange among healthcare providers, users and requestors as well as exchange among public agencies. This exchange capability (interoperability) is a top business and political objective. It also creates unique market opportunities that can only exist when medical record data (at the data element level, not pdf or tiff) is instantaneously available, such as the Personal Health Record (PHR) industry and new applications in downstream businesses such as insurance underwriting.