Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 29

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 29
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 and likely will continue to be introduced at the state and/or federal level. For instance, there
is a new act on the ballot in California, the California Privacy Rights Act, which may go into effect in 2023. Additional legislation
or regulation might, among other things, require us to implement new security measures and processes or bring within the legislation or
regulation de-identified health or other information about individuals, each of which may require substantial expenditures or limit our
ability to offer some of our services.

Risks Related to Our Industry

Markets for our products and services are highly
competitive and subject to rapid technological change, and we may be unable to compete effectively in these markets.

The market for healthcare solutions is intensely
competitive and is characterized by rapidly evolving technology, solution standards, and users’ needs, and the frequent introduction
of new products and services. There can be no assurance that we capture additional opportunities in such rapidly evolving markets. Some
of our competitors may be more established, benefit from greater name, recognition and have substantially greater financial, technical,
and marketing resources than us. Moreover, we expect that competition will continue to increase as a result of potential incentives provided
by government programs and as a result of consolidation in both the IT and healthcare industries. If one or more of our competitors or
potential competitors were to merge or partner with another of our competitors, the change in the competitive landscape could adversely
affect our ability to compete effectively.

20

We compete on the basis of several factors, including:

    ●
    breadth and depth of services, including our open architecture and the level of product integration across care settings;

    ●
    integrated platform;

    ●
    regulatory compliance;

    ●
    reputation;

    ●
    reliability, accuracy, and security;

    ●
    client service;

    ●
    the total cost of ownership;

    ●
    innovation; and

    ●
    industry acceptance, expertise, and experience.

There can be no assurance that we will be able
to compete successfully against current and future competitors or that the competitive pressures that we face will not materially and
adversely impact our business, financial condition, and operating results.

Increased government involvement in healthcare could materially
and adversely impact our business.

United States healthcare system reform at both
the federal and state level could increase government involvement in healthcare, reconfigure reimbursement rates and otherwise change
the business environment of our clients and the other entities with which we have a business relationship. We cannot predict whether