Fathom advances data protection and privacy in autonomous medical coding with HITRUST i1 certification

SAN FRANCISCO — December 11, 2024 — Fathom, the leader in autonomous medical coding, today announced that it has earned HITRUST i1 Certification for its autonomous medical coding platform. This achievement validates the highest levels of information security and privacy for clients leveraging Fathom's industry-leading automation capabilities.

HITRUST is one of the most comprehensive and widely-adopted cybersecurity frameworks, representing the "gold standard" for compliance in healthcare. This rigorous, independent certification process requires organizations to satisfy hundreds of security controls across 19 domains, ensuring the top data protection standards.

"Security is in the DNA of Fathom. Our team knows the necessity of maintaining the highest standards – reflected in our security programs, compliance systems, and protocols – to protect our clients' data," said Andrew Lockhart, CEO of Fathom. "In today's heightened threat environment, our platform's HITRUST i1 Certification validates our sophisticated infrastructure that was built with our clients' security and privacy needs at the forefront."

Fathom's autonomous coding platform empowers health systems and other provider organizations to overcome chronic workforce challenges and to strengthen both top and bottom lines. The technology delivers an average successful automation rate above 90% – nearly double that of any other technology in the market – across the broadest set of medical specialties, generating industry-leading ROI at enterprise-wide scale. With Fathom, providers benefit from lower costs, increased accuracy, reduced denials, improved revenue capture, and accelerated cash flow, backed by the industry's strongest SLAs.

At a time when many technology vendors take shortcuts with fundamental security tenets, healthcare organizations are facing a barrage of malicious activity and threats. According to The HIPAA Journal, the frequency of healthcare data breaches of 500 or more records has nearly doubled from around 1 per day in 2018 to 1.99 per day in 2023, with an average of 364,571 healthcare records breached each day last year.

Reflecting providers' experiences with these risks, the 2024 Healthcare IT Spending Report from Bain & Company and KLAS Research found that about 70% of surveyed organizations were impacted by cybersecurity attacks, such as the Change Healthcare incident in February, elevating data security to the top concern when considering software and digital technology investments. Moreover, at the recent HealthLeaders Revenue Cycle Technology Exchange in Nashville, Fathom led a workshop on contracting for autonomous coding with executives from several leading health systems, who emphasized strong cybersecurity as essential for vendor-provider partnerships.

"HITRUST is continually innovating to find new and creative approaches to address information security challenges," said Jeremy Huval, Chief Innovation Officer at HITRUST. "Fathom's HITRUST i1 Certification is evidence that they are at the forefront of industry best practices for information risk management and cybersecurity."

Fathom's comprehensive approach to security, privacy, and compliance extends beyond HITRUST i1 Certification. The company maintains SOC 2 Type 2 compliance and strict HIPAA compliance, forming a multi-layered approach to data protection that spans the entire company. Additionally, Fathom's closed-loop AI platform inherently reduces security risks relative to traditional outsourcing that involves many users with system access credentials.

To learn more about Fathom's HITRUST i1-Certified autonomous medical coding platform and how it can enhance your revenue cycle while maintaining the utmost security standards, visit fathomhealth.com.

About Fathom
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Fathom is the nation's leading medical coding automation platform, an AI solution that fuses the best of deep learning and natural language processing to automate medical coding with unprecedented accuracy and efficiency. Fathom provides the highest automation rates and the broadest specialty coverage to help clients increase speed and accuracy while reducing costs.

Fathom is backed by world-class investors, including 8VC, Alkeon Capital, Cedars-Sinai, Founders Fund, GV, Lightspeed Venture Partners, and Tarsadia. For more information, visit fathomhealth.com and follow the company on LinkedIn.