Compliancy Group

About Compliancy Group

Established in 2005, Compliancy Group operates as a specialized Software-as-a-Service (SaaS) provider focused on simplifying regulatory compliance for the healthcare sector. The company was founded by former auditors who identified a need in the market for a cost-effective compliance solution for small and medium-sized healthcare businesses. Marc Haskelson, the current President and CEO, brings over two decades of experience from leadership roles at companies like Experian and AT&T, and founded the company after his own challenging experience with satisfying HIPAA requirements. Robert Grant is also credited as a co-founder.

Compliancy Group's core business revolves around its proprietary software platform, "The Guard." This cloud-based tool provides a comprehensive solution for managing the complexities of regulations such as the Health Insurance Portability and Accountability Act (HIPAA) and OSHA. The company primarily serves healthcare organizations, often referred to as covered entities, and their business associates—vendors who handle protected health information (PHI). Its client base ranges from small medical practices and startups to larger enterprises, including doctors, office managers, IT professionals, and compliance officers. Revenue is generated through subscriptions to its software, which offers end-to-end compliance management.

The Guard software guides users through the entire compliance process, from initial risk assessments to ongoing monitoring. Key features include guided self-audits to identify security gaps, the creation of customized remediation plans, and the development of necessary policies and procedures. The platform also provides employee training and certification, incident management, and tools for managing business associate agreements. A significant differentiator is the assignment of a dedicated "Compliance Coach" to each client, offering personalized support and guidance through the firm's "Achieve, Illustrate, and Maintain™" methodology. Upon successful implementation, clients can display the HIPAA Seal of Compliance™, a third-party attestation that demonstrates their adherence to regulations. In 2022, the company received a significant investment commitment of $75 million from Aldrich Capital Partners to accelerate growth and expand its service offerings.