HEALTHCARE TRIANGLE, INC.


Associated tags: Cloud, HITRUST, Hospital, Certification, Construction, Nursing, HCTI

Locations: ARIZONA, PLEASANTON, CA, US, CALIFORNIA

Healthcare Triangle Empowers Healthcare Providers to Harness AI and LLMs for Groundbreaking Outcomes

Retrieved on: 
Monday, February 26, 2024

PLEASANTON, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Healthcare Triangle Inc. (Nasdaq: HCTI) (“Healthcare Triangle,” HCTI” or the “Company”), a leader in transforming healthcare through technology, today unveiled an initiative aimed at enabling healthcare organizations to harness the full potential of their organic data through Artificial Intelligence (AI) and Large Language Models (LLMs).

Key Points: 
  • Healthcare Triangle's latest offering is poised to empower healthcare providers with the tools to develop and deploy sophisticated machine learning (ML) models and LLMs, significantly enhancing patient outcomes through personalized and predictive healthcare solutions.
  • A Strategic Response to a Growing Demand:
    The surge in the AI and analytics market highlights an escalating need for sophisticated data-driven solutions in healthcare.
  • This platform facilitates the creation of AI and LLMs customized to meet the specific requirements of the healthcare industry.
  • Customizable AI and LLM Development: Recognizing the diverse needs within healthcare, Healthcare Triangle offers customizable tools and solutions for developing AI and LLM models directly aligned with healthcare outcomes and objectives, ensuring flexibility and cost-effectiveness in platform service management.

Healthcare Triangle Reports Third Quarter 2023 Results

Retrieved on: 
Monday, November 13, 2023

PLEASANTON, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“HCTI” or the "Company"), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI data processing for the healthcare and life sciences industries, today announced results for the third quarter of 2023 ended September 30, 2023.

Key Points: 
  • PLEASANTON, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“HCTI” or the "Company"), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI data processing for the healthcare and life sciences industries, today announced results for the third quarter of 2023 ended September 30, 2023.
  • Thyagarajan Ramachandran, CFO of Healthcare Triangle, said, “A return to predictable revenue growth is top priority for the current quarter and throughout 2024.
  • During the third quarter we launched an exciting new initiative working with U.S. health systems on an HCTI-branded ransomware protection framework and methodology.
  • Another key area of focus is on driving adoption of our high-performance readabl.ai solutions for cloud-scale, AI-driven healthcare document workflow.

Healthcare Triangle to Host Sessions on Digital Transformation and Ransomware Preparedness for Healthcare Systems at CHIME23 Fall Forum

Retrieved on: 
Wednesday, November 8, 2023

We will also host a focus group session on the topic of Ransomware Preparedness led by Damian David, Senior Director of Business Development Sales at Healthcare Triangle.

Key Points: 
  • We will also host a focus group session on the topic of Ransomware Preparedness led by Damian David, Senior Director of Business Development Sales at Healthcare Triangle.
  • With the increasing prevalence of ransomware attacks, healthcare organizations are facing serious risks to their IT systems, patient data, and ability to function.
  • Join a panel of digital health leaders from several leading provider organizations, including Calvert Health, Ozarks Healthcare, and Healthcare Triangle as they each share their experiences of successfully achieving balanced digital transformation with tools in place today.
  • This session will impart practical knowledge and actionable steps to help you get the most value out of your existing technology investments.

Healthcare Triangle to Host Roundtable Discussion on Generative AI and Data Modernization Strategies for Healthcare

Retrieved on: 
Tuesday, September 19, 2023

Lena Kannappan, head of business, strategy and partnerships for Healthcare Triangle, will lead a discussion with key opinion leaders about the data modernization journey and opportunities using generative AI in life sciences and in healthcare settings.

Key Points: 
  • Lena Kannappan, head of business, strategy and partnerships for Healthcare Triangle, will lead a discussion with key opinion leaders about the data modernization journey and opportunities using generative AI in life sciences and in healthcare settings.
  • “Generative AI and data analytic technologies can play a key role in improving patient outcomes and streamlining healthcare operations.
  • However, from technological and organizational challenges to data integration and protection requirements, healthcare organizations must account for numerous considerations as they embark on a data modernization strategy,” said Lena Kannappan.
  • “It is critical for healthcare organizations to leverage new technologies while being proactively vigilant about regulatory requirements and patient privacy.”
    Benefits and hurdles for maximizing the benefits of generative AI for healthcare data modernization.

Healthcare Triangle to Host Webinar Addressing Ransomware Preparedness for Healthcare

Retrieved on: 
Tuesday, September 12, 2023

Lena Kannappan, head of business, strategy and partnerships for Healthcare Triangle, will lead a discussion with key opinion leaders to illuminate their perspectives on early detection and rapid response in managing ransomware attacks within healthcare environments.

Key Points: 
  • Lena Kannappan, head of business, strategy and partnerships for Healthcare Triangle, will lead a discussion with key opinion leaders to illuminate their perspectives on early detection and rapid response in managing ransomware attacks within healthcare environments.
  • “Our webinar will offer valuable insights addressing the pressing issue of ransomware and its implications for the healthcare sector,” said Lena Kannappan.
  • “Recent ransomware attacks affecting prominent institutions such as Universal Health Services, CommonSpirit Health, the Johns Hopkins Health System, and HCA Healthcare, are accelerating board-level conversations about cybersecurity and driving increasing demand for robust cybersecurity services in healthcare.
  • The critical role of early detection and rapid response in managing ransomware attacks within healthcare environments.

Healthcare Triangle Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, August 10, 2023

PLEASANTON, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc (Nasdaq: HCTI) (“HCTI” or the "Company"), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI data processing for the healthcare and life sciences industries, today announced results for the second quarter of 2023 ended June 30, 2023.

Key Points: 
  • PLEASANTON, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc (Nasdaq: HCTI) (“HCTI” or the "Company"), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI data processing for the healthcare and life sciences industries, today announced results for the second quarter of 2023 ended June 30, 2023.
  • Thyagarajan Ramachandran, CFO of Healthcare Triangle, said, “We had a productive quarter focused on marketing and customer acquisition strategies along with platform development initiatives aimed at expanding our revenue streams.
  • Our priorities for the second half of 2023 are focused on building traction for key services including cybersecurity and document AI, and shoring up efficiencies in our business operations.”
    Total revenue was $8.5 million, compared to $11.6 million in the second quarter of 2022.
  • Loss from operations was $1.6 million, compared to $1.4 million for the second quarter of 2022 and a 50% improvement from $3.2 million in the first quarter of 2023.

Healthcare Triangle Ransomware Protection and Prevention Initiative Draws Initial Support from Multiple Health System Clients

Retrieved on: 
Wednesday, July 26, 2023

Elastic disaster recovery minimizes downtime with minimal RPO (recovery point objective) and RTO (recovery time objective) for immediate recovery to ransomware events.

Key Points: 
  • Elastic disaster recovery minimizes downtime with minimal RPO (recovery point objective) and RTO (recovery time objective) for immediate recovery to ransomware events.
  • Our clients are seeking guidance and protection from solutions that are specific to the concerns and needs of healthcare systems and their patients,” said Lena Kannappan, head of business, strategy and partnerships for Healthcare Triangle.
  • “In just two weeks, our initiative has drawn a significant amount of interest from our existing health system clients and partners.
  • With HCTI’s help we have implemented their Amazon Web Services-based disaster recovery solution in order to protect our patients' data.”
    For more information about Healthcare Triangle’s ransomware initiative, contact [email protected] .

Healthcare Triangle Awarded Contract Expansion with Fortune 500 Biopharmaceutical Customer

Retrieved on: 
Wednesday, July 19, 2023

PLEASANTON, Calif., July 19, 2023 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“HCTI” or the "Company"), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, and data analytics for the healthcare and life sciences industries, today announced that it has secured a multi-year program expansion contract with a top-five customer, a Fortune 500 biopharmaceutical company.

Key Points: 
  • PLEASANTON, Calif., July 19, 2023 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“HCTI” or the "Company"), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, and data analytics for the healthcare and life sciences industries, today announced that it has secured a multi-year program expansion contract with a top-five customer, a Fortune 500 biopharmaceutical company.
  • The agreement extends the customer’s suite of cloud DevOps, data engineering, and data platform management solutions.
  • This new agreement renews and expands our managed services engagement, reinforcing our value as a trusted advisor and a highly-engaged business partner,” said Lena Kannappan, head of business, strategy and partnerships for Healthcare Triangle.
  • We are thrilled to continue this highly valued client relationship.”
    Healthcare Triangle advances industry-transforming solutions in the areas of cloud services, data science, cyber security and professional and managed services for the healthcare and life sciences industries.

Healthcare Triangle Launches Ransomware Initiative Aimed at Protection and Prevention for Healthcare Providers

Retrieved on: 
Wednesday, July 12, 2023

Both incidents have been attributed to a Russian hacker group known as the Cl0p ransomware syndicate.

Key Points: 
  • Both incidents have been attributed to a Russian hacker group known as the Cl0p ransomware syndicate.
  • Meanwhile, while large institutions and healthcare systems address major attacks, rural hospitals particularly vulnerable to risk are facing significant budget constraints for ransomware protection and need assistance from the federal government.
  • Healthcare Triangle applauds this and other actions by the U.S. Congress to address the growing threat of ransomware attacks, including the work of the Joint Ransomware Task Force (JRTF) , an interagency effort to reduce ransomware.
  • Healthcare Triangle’s ransomware prevention practices and training services include:

Healthcare Triangle Maintains Compliance with Nasdaq Listing Requirements as Nasdaq Resolves Delisting Determination Error

Retrieved on: 
Tuesday, June 13, 2023

In turn, Nasdaq has cancelled the Company’s request to Nasdaq for a hearing to appeal its delisting determination, and the Company is no longer required to complete a compliance plan for continued listing.

Key Points: 
  • In turn, Nasdaq has cancelled the Company’s request to Nasdaq for a hearing to appeal its delisting determination, and the Company is no longer required to complete a compliance plan for continued listing.
  • Nasdaq has determined Healthcare Triangle was in compliance with the minimum closing bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) by May 30, 2023, the deadline to regain compliance.
  • “Healthcare Triangle works diligently to conduct company business in full compliance with Nasdaq listing requirements and with adherence to corporate governance best practices.
  • We appreciate Nasdaq’s fast execution in resolving its error and continuing our listing under the ticker symbol ‘HCTI.’”