Research reveals that the total number of data breaches in healthcare has doubled over the last three years. If that doesn’t prompt you to reexamine your organization’s security posture, the financial toll of these incidents might be: The average cost of a healthcare data breach is now $11M.
Despite these alarming trends, most data breaches can still be prevented by implementing the foundational principles of strong cybersecurity. Here are six measures healthcare organizations can take to
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Shifting the Paradigm: Data-Driven Product Development and the AI-Driven Standard of Care
Over the past decade, product development has undergone a transformative shift, driven by the integration of AI, machine learning, and data-driven approaches. Traditional methods that relied on user stories, prototype testing and customer research offered limited control over product development outcomes, often leaving success to multiple iterations of feasibility, testing and field assessment. However, with the advent of advanced technologies and data analysis, product development has become
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Leveraging RWD & Tech: Diversifying Clinical Research for Real-World Impact
In today's complex healthcare landscape, real-world data (RWD) is increasingly valued for its information regarding diverse patient populations. Clinical research sites are an essential part of the RWD collection process, which increasingly leverages advanced technologies that enhance data collection, analysis and informed decision-making.
RWD can accelerate development timelines and augment clinical trial insights with key observational results from a wider and more diverse range of
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The New Era of Clinical Trials: Adopting Electronic Informed Consent
The clinical trials landscape continues to evolve and with it, an exponential growth in the adoption of electronic informed consent (eConsent) solutions. These solutions deliver a myriad of benefits for trial sponsors, sites and patients. However, there is still some reluctance to adopt these solutions due to perceived costs associated with implementation and training.
The Importance of eConsent
Clinical trials are evolving with novel designs, hybrid and decentralized
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AI in Healthcare: Top Use Cases and Key Implementation Strategies for 2024
Artificial intelligence (AI) is earning recognition for its potential benefits to the healthcare sector at large, from its ability to improve care and increase efficiency, to its ability to lower costs throughout the industry. For example, applications of AI include detecting distress in hospital workers' conversations, improving providers’ revenue cycle operations, transforming healthcare supply chains – and mitigating existing racial biases in medicine.
Much of the attention surrounding
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Transforming Healthcare Through Ethical AI: Enhancing Trustworthiness, Privacy, and Compliance
In November, President Biden signed a new Executive Order – titled “Safe, Secure, and Trustworthy Artificial Intelligence” – that promises to introduce new national AI regulations that focus on safety and responsibility in the use of this revolutionary new technology. Fast on the heels of this high-profile EO, the Biden Administration has already started the process of writing actual standards for the safe use of generative AI by announcing that the U.S. Department of Commerce. In late December,
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Beyond the Hype: How AI is Helping Transform Neurodegenerative Disease Treatment Right Now
Artificial intelligence (AI) can be a sensitive subject for some healthcare professionals, and rightfully so. It was not too long ago that IBM’s Watson supercomputer won on “Jeopardy!” The hype and hubris that followed led to one of the great all-time examples of technology that some might say over-promoted and under-delivered. However, in the years that followed, AI, such as machine learning (ML), has managed to integrate into all facets of healthcare research and analysis. Some of the
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Improving Healthcare for Patients & Providers Through AI & Machine Learning
With many economic hurdles this year including rising costs and inflation, the healthcare industry has had a challenging backdrop in which to operate. In a sector dedicated to improving and saving lives, healthcare has so much to gain by adopting new AI and machine learning (ML) technologies. The World Economic Forum sums up the transformative potential of AI and ML in this setting: from propelling the development of drugs and vaccines to improving medical diagnosis and treatment, it can
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Devastating Drug Shortages and How Hospitals Can Mitigate Them
Modern medicine delivers miracles every day, but there are challenges, too. At any given time, 300 or more drugs bloat the FDA’s shortage list. Many of these medicines, including life-saving cancer drugs, don’t get to the patients who need them.
Drug shortages have a variety of causes, including contamination at pharmaceutical plants, major storms, supply chain issues, or runs on important vaccines. The Wall Street Journal blames downward pressure on drug prices.
Shortages of vital
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From Chaos to Calm: How ER Scheduling Could Help Fix Emergency Care Challenges
Staffing shortages and rising costs leave ERs in chaos and even force some hospitals to shut down money-losing emergency departments altogether. Chaotic or closed emergency rooms not only cost lives but cut off a pipeline of new patients that provide income for hospitals and jobs for specialist physicians.
The main driver behind ER chaos and expense is a nationwide shortage of trained doctors and nurses. A single nurse often has to care for ten or more patients in the ED simultaneously,
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