Wave Systems Corp. (fka WAVXQ)

[cliffdweller]

Interesting that Giesecke & Devrient (G&D) and TrustBearer Labs are collaborating on health care:

http://www.trustbearer.com/news/mt-sinai.php

Mt. Sinai Medical Center to Deploy 100,000 Giesecke & Devrient Patient Health Cards

DULLES, Va.--(BUSINESS WIRE)--Giesecke & Devrient (G&D), working with EXTENSION, Inc. and TrustBearer Labs, has developed a smart card-based solution that lets health care providers manage the security requirements outlined in the President’s economic stimulus bill. EXTENSION, Inc. has integrated the G&D Patient Health card and TrustBearer Access authentication software with EXTENSION™ software to create EXTENSION™ Health Connect. This solution has been deployed at Mount Sinai Medical Center in New York City with the issuance of the first G&D patient health cards on April 1.

EXTENSION™ Health Connect provides highly secure, fast and accurate patient identification and information exchange. It securely links data, patients, and healthcare providers together in order to reduce administrative costs and improve the patient experience. EXTENSION™ Health Connect uses G&D patient health cards to securely identify patients to hospital information systems. The card also holds a personal health record for each patient that can be securely accessed. “Accurate patient identification is a critical issue in healthcare especially as we expand the use of electronic medical records and health information exchanges. These new health cards will ensure that patients are securely and accurately linked with their personal medical information across multiple institutions and care providers, reducing administrative burdens, improving patient care and satisfaction,” said Paul Contino, Vice President of Information Technology at Mount Sinai Medical Center.

Health care organizations implementing electronic health records (EHR) need a way to securely identify patients and to safely access health information. EXTENSION™ Health Connect is the first to offer a smart card program which successfully meets these needs with an easy to implement, affordable, solution. G&D uses their significant health card experience to provide a key component of this solution.

Congress incorporated the Health Information Technology for Economic and Clinical Health (HITECH) Act into the President’s economic stimulus bill. The new law provides $19 billion to standardize and secure the creation, access, and sharing of electronic health information, a vital component of health care reform. The law also includes financial incentives for health care providers to use electronic health records (EHR). EXTENSION™ Health Connect with G&D patient health cards helps meet the information security goals of this law by providing a highly secure method for access and authentication to health information and EHR.

The new law provides stricter enforcement of security requirements than the Health Insurance Portability and Accountability Act (HIPAA). This will also help boost public confidence in how health records are used, disclosed, and protected. “The use of G&D patient health cards as part of EXTENSION™ Health Connect supports patient privacy and data security,” said David Corcoran, CEO of TrustBearer Labs. “The solution also streamlines operational processes to reduce health care administrative costs.”

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