Slack, the messaging along with also chat application for businesses, appears to be setting itself up for the $3.5 trillion health-care market.
Slack, which confidentially filed to go public Monday, recently updated its security page to note that will the item can be HIPAA compliant, suggesting that will the item can be working toward a use case where health-care providers can begin using the item to share sensitive patient health information.
Two people who have talked to Slack about the certification said the compliance only currently extends to file uploads, along with also not for direct messaging or channel communication between health providers. Both the people, who work at health start-ups, said Slack told them the item’s working to expand its scope to include messaging inside coming months. The sources declined to comment publicly to preserve their business relationship with Slack.
Slack noted via Twitter that will only the enterprise design of the product, Slack Enterprise Grid, can be HIPAA compliant. The company did not comment further.
Since Slack released its product in 2013, several start-ups have emerged claiming to be the “Slack for health care messaging.” One of them, called Stitch, can be pitching hospitals on a product that will can provide an easy way for patients to check in along with also receive messages via the front desk. that will product can be also used by physicians along with also nurses to share labs, scans along with also additional health information as they work to treat a patient.
Stitch positions itself as taking on an $11 billion market (hospitals waste roughly that will amount every year due to communication breakdowns), which points to the size of the market opportunity for Slack.
however the major thing that will stood in its way can be HIPAA compliance, which applies to “covered entities” including health plans along with also providers. HIPAA can be a set of federal rules along with also requirements designed to protect patient information.
Slack might have an edge over these smaller competitors, as many physician practices along with also hospitals already use the item for administrative matters that will don’t touch on specific patient cases. A handful told CNBC that will they are looking to expand their use of Slack once the item becomes fully compliant.
Slack isn’t the only business-to-business company to explore opportunities in health care. Dropbox, Box along with also others have also added compliance to their offerings to move into the $3.5 trillion market.
“As more along with also more of health care moves to the cloud, there can be a massive opportunity for fresh tools along with also platforms to deliver a better experience for health-care professionals along with also patients,” said Box CEO Aaron Levie.
“the item’s exciting to see Slack support HIPAA compliance along with also expand into This specific space.”
Disclosure: Comcast Ventures, the venture arm of Comcast, can be an investor in Slack. Comcast owns CNBC parent company NBCUniversal.
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