- AI software to recognize and extract healthcare information from documents, faxes and narrative reports on public cloud
- Ingest and process documents using OCR and Computer Vision APIs
Healthcare IT Services
Utilized by 100+ hospitals across the US
Cloud Transformation Services
Multi-cloud Advisory > DevOps > SOC
Report Sources Here.
As mentioned above, HCTI has several potential catalysts to lock eyes on this second. Check them out:
No. 1 HCTI Potential Catalyst - A Low Float Could Provide The Perfect Environment For Explosive Volatility
According to the Yahoo Finance website, HCTI has a very low float.
The website reports this profile to have approximately 1.52Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available, the potential for volatility rises (when considering the size of a profile's float).
Could more positive company news towards the end of 2023 help provide a near term spark?
No. 2 HCTI Potential Catalyst - HCTI Receives Contract Expansion With Fortune 500 Biopharma Customer
Healthcare Triangle Awarded Contract Expansion with Fortune 500 Biopharmaceutical Customer
Agreement renews and extends top-five customer program for managed services
PLEASANTON, Calif., July 19, 2023 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“HCTI” or the "Company"), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, and data analytics for the healthcare and life sciences industries, today announced that it has secured a multi-year program expansion contract with a top-five customer, a Fortune 500 biopharmaceutical company. The agreement extends the customer’s suite of cloud DevOps, data engineering, and data platform management solutions.
“Over the past four years of this client’s program, HCTI has developed a high performance computing (HPC) environment supported by a custom deployment of DataEz™, our HITRUST-certified, fully managed AI engineering and analytics platform-as-a-service. This new agreement renews and expands our managed services engagement, reinforcing our value as a trusted advisor and a highly-engaged business partner,” said Lena Kannappan, head of business, strategy and partnerships for Healthcare Triangle. “Our expertise in challenging the status quo, providing strategic alternatives, and implementing creative, novel solutions in cloud transformation and cloud acceleration for pharmaceutical and life sciences organizations enabled us to broaden our range of services for this program. We are thrilled to continue this highly valued client relationship.”
Read the full article here.
No. 3 HCTI Potential Catalyst - Multiple Technical Indicators Are Triggered Bullish Across Short Thru Long Term
I'm telling you right now... Don't discount HCTI's bullish technical indicators.
At close Tuesday, HCTI was displaying several triggered technical indicators across the short, medium term, and long term.
Barchart was reporting these as triggered:
Short Term Indicators
- 20 Day Moving Average
- 20 - 100 Day MACD Oscillator
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 Day Moving Average
- 50 - 100 Day MACD Oscillator
- 50 - 150 Day MACD Oscillator
- 50-200 Day MACD Oscillator
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
- 100 - 200 Day MACD Oscillator
Watch these technicals closely this week.
No. 4 HCTI Potential Catalyst - Fresh After Launch, Company's New Ransomware Protection Draws Initial Interest From Numerous Health System Clients
Healthcare Triangle Ransomware Protection and Prevention Initiative Draws Initial Support from Multiple Health System Clients
Company offers critical resources for seven key tenets of ransomware cybersecurity: education, assessment, preparedness, protection, detection, response, and recovery
PLEASANTON, Calif., July 26, 2023 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“HCTI” or the "Company"), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI data processing for the healthcare and life sciences industries, today announced that its new ransomware prevention and protection initiative launched earlier this month is drawing initial interest and support from numerous health system clients seeking critical tools and guidance for preventing and responding to ransomware incidents. The Company is servicing multiple contract agreements for cloud backup and disaster recovery, enabling hospitals and health systems to move disaster recovery to the Amazon Web Services (AWS) cloud to secure resources and scale on demand. This helps to mitigate risks by increasing resilience and meeting compliance requirements. Elastic disaster recovery minimizes downtime with minimal RPO (recovery point objective) and RTO (recovery time objective) for immediate recovery to ransomware events.
“The accelerating volume of national news about ransomware incidents is driving widespread demand for cybersecurity services. Our clients are seeking guidance and protection from solutions that are specific to the concerns and needs of healthcare systems and their patients,” said Lena Kannappan, head of business, strategy and partnerships for Healthcare Triangle. In July alone, one of the country’s largest providers confirmed a data breach impacting 11 hospitals and 12 million patients, and now faces at least four class action lawsuits. A prominent community hospital had to close its doors permanently due to a 2021 ransomware attack that caused devastating financial loss. IBM reported that ‘the average costs of a studied breach in healthcare reached nearly $11Mn in 2023 – a 53% price increase since 2020.’ Rural hospitals are particularly vulnerable to risk at these high costs.
“Healthcare Triangle’s mission is to fill a leadership role as the authority on specialized cybersecurity and identity management solutions for organizations ranging from small community healthcare providers to large healthcare systems serving millions of patients. We are in discussions with multiple cybersecurity product vendors and public cloud providers to bring best-of-breed solutions to the hospital community,” Kannappan continued. “In just two weeks, our initiative has drawn a significant amount of interest from our existing health system clients and partners. This strong initial response bodes well for the continuing adoption of our critical resources for preparedness, prevention, detection, response, and recovery from ransomware attacks.”
Commenting on Healthcare Triangle’s ransomware initiative, longstanding client CalvertHealth Medical Center stated, “Hospitals need to take solid steps toward ransomware resilience. With HCTI’s help we have implemented their Amazon Web Services-based disaster recovery solution in order to protect our patients' data.”
Read the full article here.
HCTI Recap - 4 Must-See Potential Breakout Catalysts
No. 1 - A Low Float Could Provide The Perfect Environment For Explosive Volatility
No. 2 - HCTI Receives Contract Expansion With Fortune 500 Biopharma Customer
No. 3 - Multiple Technical Indicators Are Triggered Bullish Across Short Thru Long Term
No. 4 - Fresh After Launch, Company's New Ransomware Protection Draws Initial Interest From Numerous Health System Clients
Coverage is officially initiated on HCTI. When time permits, do this: