On 14th February, a spokesperson for Compliancy Group, the HIPAA (health insurance data privacy) software solution company, revealed they would now be accepting payments via cryptocurrency such as Bitcoin.

As the first provider of automated HIPAA compliance SaaS, the group have frequently investigated innovative technology within the healthcare market. This latest news comes as digital currency continues to extend its reach and the need for Blockchain technology within healthcare and HIPAA compliance becomes clearer.

By accepting digital currency as payment, Compliancy Group now offer a different method of settling bills for vendors and healthcare providers. The Vice President of Compliancy Group, Joe Bilello, said the Group was the first of its kind to accept cryptocurrency as payments, and was another example of them leading the way in the market. He further explained that the Compliancy Group believe that Blockchain and Bitcoin will be crucial technologies in the next few years, and that they are ready for the challenge.

Compliancy Group believe Blockchain tech could be used to safeguard important health information. With a simple and effective system to control, file and view health data, Compliancy Group say they are ready to address the alternating needs of healthcare professionals as the world continues to change.