Syqurx

This startup provides data security software that protects sensitive patient data (PHI) by offering tokenization, encryption, redaction, and masking services. Their platform enables secure sharing of health records within the healthcare ecosystem while maintaining HIPAA compliance.

Updated 2 months ago

Funding

Funding not disclosed

Funding rounds are not available yet.

Founders

Founder details are not available yet.

Product

Problem

Healthcare data breaches are increasingly common and costly, exposing sensitive patient information (PHI) and leading to reputational damage, operational expenses, and compliance violations. Sharing data across the healthcare ecosystem, as mandated by the 21st Century Cures Act, exacerbates these risks, as traditional security measures like firewalls and encryption may not be sufficient to protect data in transit or at rest.

Solution

Syqurx offers a SaaS solution, 3PSecure, that proactively removes PHI from medical records through tokenization, redaction, and masking, ensuring HIPAA compliance and secure data sharing. The platform substitutes sensitive data with alphanumeric tokens, deletes unnecessary information, and partially redacts other data to protect patient privacy while still enabling analysis. By separating the "lock" from the "key," Syqurx ensures that even if data is exposed in a breach, cybercriminals gain nothing of value. The original data owner retains the ability to detokenize the information for authorized use, facilitating actionable insights and improved patient outcomes.

Target Audience

Syqurx serves patients, providers, payors, clinical trials, and revenue cycle management firms who need to share healthcare data securely and comply with HIPAA and the 21st Century Cures Act.

Features

**Tokenization:** Replaces personally identifiable information (PII) such as record number, patient name, patient ID, and insurance ID with alphanumeric tokens.
**Redaction:** Permanently removes data like social security numbers, city, and state of residence from the record.
**Masking:** Partially redacts data, such as only showing the last two digits of a zip code or the year of birth, to protect patient privacy while revealing relevant health condition factors.
**Secure Token Vault:** Stores tokens securely, allowing only the data owner to detokenize the information.
**AI/BI Analytics Enablement:** Allows for secure analysis of tokenized data to generate actionable insights.
**HIPAA Compliance:** Facilitates compliance with HIPAA regulations by ensuring that PHI is never exposed during data sharing.
**21st Century Cures Act Compliance:** Enables data sharing as mandated by the Act while maintaining patient privacy.