Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 178

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 178
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IT market, materially impact healthcare providers’ decisions to implement electronic health records systems or have other impacts
that would be unfavorable to our business. The costs of achieving and maintaining certified electronic health record technology (“CEHRT”)
are also significant and because the definition of CEHRT and its use requirements for clients are subject to regulatory changes, these
programs and future regulatory changes to them could adversely impact our business.

We may be subject to false or fraudulent claim laws.

There are numerous federal and state laws that
forbid the submission of false information or the failure to disclose information in connection with submission and payment of physician
claims for reimbursement. In some cases, these laws also forbid the abuse of existing systems for such submission and payment. Any failure
of our revenue cycle management services to comply with these laws and regulations could result in substantial liability including, but
not limited to, criminal liability, could adversely affect demand for our services and could force us to expend significant capital, research
and development, and other resources to address the failure. Errors by us or our systems with respect to entry, formatting, preparation,
or transmission of claim information may be determined or alleged to be in violation of these laws and regulations. Determination by a
court or regulatory agency that our services violate these laws could subject us to civil or criminal penalties, invalidate all or portions
of some of our client contracts, require us to change or terminate some portions of our business, require us to refund portions of our
services fees, cause us to be disqualified from serving clients doing business with government payers and have an adverse effect on our
business.

If the healthcare information technology market
fails to continue to develop as quickly as expected, our business, financial condition, and operating results could be materially and
adversely affected.

The electronic healthcare information market is
rapidly evolving. A number of market entrants have introduced or developed products and services that are competitive with one or more
components of the platforms and programmatic solutions we offer. We expect that additional companies will continue to enter this market,
especially in response to recent legislative actions. In new and rapidly evolving industries, there is significant uncertainty and risk
as to the demand for, and market acceptance of, recently introduced products and services. Because the markets for our products and services
are new and evolving, we are not able to predict the size and growth rate of the markets with any certainty. If markets fail to develop,
develop more slowly than expected, or become saturated with competitors, our business, financial