Press Release
Posted October 24, 2022
iSpace, Inc., the parent company of leading Payment Integrity and Audit software platforms, ClaimShark and AuditShark, achieves HITRUST Risk-based, 2-year Certification to manage and mitigate risk, improve security posture, and meet compliance requirements
HITRUST Risk-based, 2-year Certification validates iSpace’s commitment to meeting key regulations and protecting sensitive information
El Segundo, CA, Oct 2022 – iSpace, Inc., a leading provider of software platforms to Payers, announced today that its Payment Integrity platform, ClaimShark ©and its COB/DRG/Chart Audit platform AuditShark © have earned certified status for information security by HITRUST.
HITRUST Risk-based, 2-year (r2) Certified status demonstrates that the organization’s Payment Integrity platform ClaimShark, and the COB/DRG/Chart Audit platform AuditShark, have met key regulations and industry-defined requirements and is appropriately managing risk. This achievement places iSpace in an elite group of organizations worldwide that have earned this certification. By including federal and state regulations, standards, and frameworks, and incorporating a risk-based approach, the HITRUST Assurance Program helps organizations address security and data protection challenges through a comprehensive and flexible framework of prescriptive and scalable security controls.
“Our HITRUST certification clearly illustrates that our company, iSpace, continues to adopt and exceed industry-leading standards that enable us to stand out as a leader in healthcare software. Our cloud-based SaaS platforms continue to deliver value in Audit and Payment Integrity for Payers, along with demonstrating our commitment to highest standards for data protection and information security.” said Ravi Kottapalli, Chief Technology Officer at iSpace.
About iSpace, ClaimShark ©, and AuditShark ©
iSpace has been serving healthcare customers with their technology and software product needs since 2000. With deep domain expertise in the Payer space, our teams have built Payment Integrity and Internal Audit platforms to help solve operational challenges and increase savings for health plans.
ClaimShark is a cloud-based software platform for Payers to manage their end-to-end Payment Integrity processes including data, vendors, inventory, recovery, documents, and appeals management with rich analytics, dashboards, and reporting.
AuditShark is a cloud-based software platform purpose-built for Payer internal audit teams to help with Coordination of Benefits, DRG/Chart, Itemized Bill, and Payment Compliance audits.
For more information about ClaimShark and AuditShark, please visit ClaimShark.com
iSpace Media Contact: Cathy Young (O) 310-563-3848 (E) cathy.young@ispace.com