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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Health IT | News, Analysis, Insights - HIT Consultant
JP Morgan Healthcare 2024: 8 Hot Takes & Insights from Health Tech & Biotech CEOs
8 digital health and life sciences executives share their hot takes and insights from the recent annual JPM Healthcare Conference 2024
Virgil Bretz, co-founder and CEO of MacroHealth
“The annual JP Morgan Healthcare Conference is still one of the most efficient ways to meet with capital partners. Other conferences are increasingly attracting the investment community, such as HLTH, but none are as concentrated as JP Morgan. This conference is unusual in that meetings for small and middle
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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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Mastercard Unveils Virtual Cards to Streamline Healthcare Claim Settlements
What You Should Know:
- Mastercard, a global leader in payments, is pioneering a revolutionary solution using its cutting-edge virtual card technology.
- This first-of-its-kind initiative aims to streamline B2B claim settlements, replacing the clunky old system with a sleek, digital one. Partnering with leading financial institutions and health tech platforms like Remedinet in India, Mastercard is paving the way for a faster, more efficient future.
The Problem
The pain of slow and
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Hospital and Health System M&A in 2023: Financial Distress Drive Market Reorganization and Partnerships
What You Should Know:
Hospital and health system mergers and acquisitions activity in 2023 was driven by increased pressure on operations and finances, according to Kaufman Hall's latest analysis of healthcare transactions. The report reveals momentum around mergers and acquisitions continued throughout 2023 with 65 announced transactions, up from 53 in 2022. Financial distress was cited as a factor or was otherwise evident in 28% of announced transactions last year,
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AHIMA Appoints Mona Calhoun as Board President/Chair, New Board Members
What You Should Know:
- The American Health Information Management Association (AHIMA) announced the appointment of Mona Calhoun, PhD, MS, Med, RHIA, FAHIMA, as its President/Chair for 2024.
- With 35 years of experience in the health information (HI) field, Calhoun brings a wealth of expertise and passion to lead AHIMA through this transformative time in healthcare.
A seasoned leader with a clear vision
Calhoun's diverse background spans behavioral health, rehabilitation, acute
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UnitedHealthcare Unveils UHC Hub to Streamline Health & Well-being Access for Employers and Employees
What You Should Know:
- UnitedHealthcare today launched the UHC Hub, a groundbreaking platform that simplifies access to a vast network of health and well-being programs for both employers and employees.
- UHC Hub tackles two key challenges: managing the growing variety of employee health programs and empowering individuals to find and utilize resources effectively.
One-Stop Shop for Health & Wellness
The UHC Hub addresses a growing need for employers to provide more than just
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CMS Finalizes New Interoperability and Prior Authorization Rule
What You Should Know:
The Biden-Harris Administration has finalized a new rule that streamlines the prior authorization process and improves health data exchange across the healthcare system. The CMS Interoperability and Prior Authorization Final Rule (CMS-0057-F) represents a significant step towards reducing bureaucratic burdens, accelerating access to care, and fostering a more patient-centered healthcare experience.
Streamlining Prior Authorization
The rule tackles the often
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PointClickCare Acquires American HealthTech, Expands Senior Care Reach
What You Should Know:
- PointClickCare, a healthcare technology platform for senior care, has announced the acquisition of American HealthTech (AHT), a prominent provider of electronic health records (EHR) and related services for the post-acute care market. Financial details of the acquisition were not disclosed.
- The strategic move strengthens PointClickCare's position as a comprehensive care continuum solution and marks a significant step forward in their vision of transforming the
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MEMIC Taps CLARA Analytics for AI-Powered Claims Management
What You Should Know:
- Maine Employers’ Mutual Insurance Company (MEMIC), a leader in workers’ compensation insurance, is harnessing the power of artificial intelligence (AI) to revolutionize claims management.
- MEMIC announced its partnership with CLARA Analytics, a provider of AI solutions for the insurance industry, to implement CLARA Optics, a cutting-edge platform that promises to streamline workflows, improve medical outcomes, and empower adjusters and nurse case managers
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