Clearwater’s collaboration with 25m Health signifies a pivotal step towards enhancing cybersecurity compliance within the healthcare innovation space. Through the deployment of a scalable program, leveraging established frameworks like NIST and the 405(d) Health Industry Cybersecurity Practices, Clearwater aims to fortify the cybersecurity posture of 25m Health’s portfolio companies. This initiative underscores the growing recognition of cybersecurity as a critical enabler of innovation in healthcare. By providing tailored solutions and comprehensive services, Clearwater and 25m Health are empowering digital health startups to navigate the complex regulatory landscape and safeguard sensitive patient data. This partnership embodies a proactive approach toward addressing cybersecurity challenges, ultimately fostering trust and resilience in the healthcare ecosystem.
In an era marked by unprecedented digital transformation in healthcare, cybersecurity emerges as a linchpin for ensuring the integrity and confidentiality of patient data. Against the backdrop of escalating cyber threats, 25m Health, in collaboration with Clearwater, embarks on a mission to bolster cybersecurity compliance across its portfolio companies. This strategic alliance aims to equip digital health startups with the necessary tools and expertise to navigate the intricacies of cybersecurity governance and regulatory requirements. By harnessing the collective strengths of industry-leading frameworks and specialized services, this initiative underscores a collective commitment to safeguarding healthcare innovation and patient trust in an increasingly interconnected world.
The newly introduced program, spearheaded by Clearwater, is tailored to meet the evolving cybersecurity needs of health tech innovators under the 25m Health Fund umbrella. Drawing from industry-leading frameworks such as the NIST Cybersecurity Framework and the 405(d) Health Industry Cybersecurity Practices, the initiative sets forth baseline target profiles, serving as a solid foundation for cybersecurity and compliance endeavors.
Why It Matters
Clearwater’s collaboration with 25m Health underscores a shared commitment to equipping digital health startups with the requisite cybersecurity infrastructure to thrive in a competitive healthcare ecosystem. Ryan Macy, Head of Engineering at 25m Health, emphasized the necessity for scalable cybersecurity and compliance solutions that can seamlessly adapt to the growth trajectories of emerging healthcare ventures within Lifepoint and beyond.
Since its inception in 2021, 25m Health, a collaborative venture between Lifepoint Health, 25madison, and Apollo Global Management, has made strategic investments in cutting-edge digital health startups like Eon and M7 Health. Notably, Eon has achieved remarkable milestones with its AI-driven patient management software, impacting over a million patients. Similarly, M7 Health clinched the top prize at the prestigious 2023 Harvard Business School Alumni New Venture Competition, underscoring the caliber of startups within 25m Health’s portfolio.
In parallel, Scion Health’s partnership with M7 Health signals a concerted effort to enhance nursing staff experiences and bolster retention rates, highlighting the ripple effect of collaboration within the healthcare innovation ecosystem.
Key Services Offered
Clearwater’s comprehensive suite of services caters to the multifaceted cybersecurity needs of 25m Health’s portfolio companies. These include:
1. Establishment of baseline target profiles using industry-standard frameworks.
2. Provision of virtual Chief Information Security Officer (CISO) support and advisory services.
3. Program governance to ensure adherence to cybersecurity protocols.
4. Cloud security assessments to mitigate risks associated with cloud-based infrastructure.
5. Tech stack hardening guidance for enhanced security posture.
6. Ongoing portfolio monitoring and reporting to track cybersecurity performance.
The Larger Trend
Amid escalating cyber threats targeting the healthcare sector, adherence to established cybersecurity frameworks becomes paramount. Industry standards such as the NIST Cybersecurity Framework and the 405(d) Health Industry Cybersecurity Practices serve as indispensable tools in fortifying cyber resilience and mitigating potential threats.
However, recent cyber incidents, including the breach at Change Healthcare, serve as stark reminders of the pervasive nature of cyber threats. The fallout from such incidents underscores the imperative for robust cybersecurity measures across all levels of the healthcare ecosystem.
Navigating Security Challenges
Navigating the complex landscape of privacy and security challenges requires a concerted effort from both established healthcare entities and burgeoning startups. By aligning with industry best practices and regulatory requirements, organizations can enhance their cybersecurity posture and safeguard sensitive data against evolving threats.
In a bid to streamline cybersecurity compliance efforts, the Health Sector Coordinating Council Cybersecurity Working Group collaborated with NIST and other stakeholders to develop an updated Cybersecurity Framework Implementation Guide. This collaborative initiative aims to provide healthcare entities with a unified roadmap for bolstering cyber resilience and mitigating risks.
On the Record
Ryan Macy reiterated the critical role of cybersecurity and compliance in driving innovation within the healthcare sector. By prioritizing robust cybersecurity capabilities, 25m Health aims to instill confidence among healthcare providers regarding the integrity and security of technologies integrated into their workflows.
As the healthcare landscape continues to evolve amidst rapid technological advancements, the imperative for robust cybersecurity measures cannot be overstated. The partnership between Clearwater and 25m Health exemplifies a proactive response to the ever-growing cyber threats facing the healthcare industry. By establishing a scalable cybersecurity program grounded in industry best practices, this collaboration sets a new standard for cybersecurity excellence within the healthcare innovation ecosystem. Through ongoing collaboration and innovation, Clearwater and 25m Health pave the way for digital health startups to thrive while ensuring the highest standards of cybersecurity and compliance. In doing so, they reaffirm their commitment to safeguarding patient data, fostering innovation, and building a more resilient healthcare future.
