Hancock claims consultants and paparazzis have access to its technology, but it’s unclear whether the firm has a legitimate role in the healthcare industry.
The firm is also not registered in the United States, and the only public filings made with the Securities and Exchange Commission (SEC) indicate that it was founded in 2009.
But the firm is reportedly still offering its services to some healthcare providers, including some in California.
The SEC said in a recent filing that Hancock is “in the midst of a significant investment in a new software platform.”
Hancock’s business model involves charging hospitals for a certain number of hours per patient, which can be used to improve patient outcomes and provide more transparency about healthcare spending.
The hospital typically uses this money to pay staff salaries and pay consultants and other consultants who work for the hospital.
In an email to ABC News, Hancock said its software was not designed to allow hospitals to “infiltrate” patient data, a charge the company said was not accurate.
In a response to a question from ABC News that was later shared with ABC News reporter Jessica McEvoy, Hancock denied any wrongdoing, calling its claim to be a healthcare consulting firm “completely untrue.”
The company’s website is still up and working, but the company is no longer listed on the Nasdaq stock exchange, and Hancock did not respond to requests for comment.
The company has also been involved in other controversies, including a lawsuit filed by the American Civil Liberties Union of Southern California against Hancock and two of its subsidiaries, according to the LA Times.
The ACLU alleges that Hancock paid thousands of undocumented immigrant workers at the firm, and it claims that some of those workers were treated as “guest workers” and did not receive any healthcare benefits, including Medicaid or other federal-level funding.
The suit seeks damages for violations of workers’ rights under the Immigration and Nationality Act, the LA Time reported.
A spokesperson for the ACLU told ABC News it is not aware of any lawsuits filed against the company.
ABC News’ Alex Lantos and David Zang contributed to this report.