HealthStack is a web hosting platform dedicated to the global healthcare IT market which is expected to grow to USD $162.2 billion in 2015.
A "gold rush" is under way in the health care industry, with "prospectors" trying to take advantage of opportunities brought by health system reform and the industry's growing share of the overall economy, according to a report by PwC's Health Research Institute.
“Prospectors” need HIPAA compliant web hosting but prices start at $250 per month and average $500 per month. There is no affordable web hosting that helps them build a better product, protect health data and avoid audits with hefty fines.
To compound the problem, the HITECH Act has civil penalties for HIPAA violations that can reach $50,000 per violation and up to $1.5 million for identical violations across multiple records. As the HHS OCR audit program moves from pilot to a fully enforced program in 2013, the number of surprise audits and fines are expected to skyrocket.