In IBM’s 2022 Cost of a Data Breach report, the company revealed that the global average cost of a data breach was $4.35 million. In the healthcare sector, however, that number skyrocketed to $10.1 million. Why is an attack on a healthcare organization so much more costly? While part of this comes down to the fact that healthcare organizations often have big budgets, and so might be able to pay big ransoms, the biggest part of the answer is consequences. In there, real lives are at stake. Downed
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Health IT | News, Analysis, Insights - HIT Consultant
M&A: LifeNet Health Acquires Bioventus Wound Care Division
What You Should Know:
LifeNet Health expands its portfolio of wound care solutions such as TheraSkin with the acquisition of the Bioventus Inc. wound care division.As part of the acquisition, LifeNet Health gains 90 Bioventus Inc. employees that will strengthen LifeNet Health's position as a global leader in regenerative medicine offering next-level wound care.Financia details of the acquisition were not disclosed.
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Get Well to Roll Out New Social Determinants of Health Screening Solution Nationwide
What You Should Know:
Get Well, a global leader in digital patient engagement, today announced it has expanded its industry-leading digital patient engagement portfolio to include new social determinants of health (SDOH) screening solutions.The new solution will be available to more than 200 enterprise healthcare organizations nationwide that are using GetWell Inpatient, an interactive patient care and hospital experience management product, at no additional cost.
Enabling Enterprise
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Luma Health Integrates with MEDITECH Expanse EHR
What You Should Know:
Luma Health unveiled its integration and partnership with one of the healthcare industry’s top electronic health record providers, MEDITECH, which brings powerful new capabilities to the thousands of healthcare providers that use the MEDITECH Expanse EHR. As an initial member of the MEDITECH Alliance program and currently the only patient-facing vendor included in the program, Luma collaborated with MEDITECH to validate the integration of its Patient Success Platform™
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Healthcare Considerations: Addressing Cyber Risk in the Healthcare Industry
In 2020, the Dental Care Alliance (DCA) experienced a significant cyberattack on its systems, which lasted approximately an entire month. This gave the threat actor an extended period to compromise the healthcare organization’s servers and extract the private and confidential information of around one million patients.
This is just another example of how vulnerable the healthcare industry is to cyber criminals looking to exploit security weaknesses. Healthcare organizations are prime targets
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M&A: MultiPlan Acquires Benefits Science LLC for $160M
What You Should Know:
MultiPlan, a provider of data-enabled cost management, payment, and revenue integrity solutions for 700+ healthcare payors announced the acquisition of Benefits Science LLC (BST) for $160M in cash and stock.BST was founded in 2012 by a group of MIT-trained experts in data science, including Dimitris Bertsimas, Ph.D., who is recognized as an early pioneer in healthcare analytics and who serves as the company’s chief data scientist. Dr. Bertsimas will continue with BST
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Emory Taps NeuroFlow to Scale Collaborative Care Model
What You Should Know:
Emory Healthcare (EHC) today announced a partnership with NeuroFlow to support and improve the delivery of psychiatric services for both patients and providers at their Brain Health Center and several sites across Georgia.NeuroFlow, which offers a cloud-based registry and enterprise platform to help facilitate collaborative care, will support EHC clinical services’ data-driven approach to patient care, with a sharpened focus on improving communication
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4 Keys to Modernizing Public Health Data Collection and Analysis
The COVID-19 pandemic shined a spotlight on the urgent need to modernize the nation’s public health system. Despite success in rapidly developing vaccines, the unprecedented public health emergency also exposed significant gaps in U.S. public health infectious disease data collection and analysis methods which are critical for identifying behavioral risk factors and preventive actions.
The Problem
Unfortunately, inefficiency remains a hallmark of the U.S. public health surveillance system
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Q/A: CalmWave CEO Talks Leveraging AI to Reduce Alarm Fatigue
What You Should Know:
Healthcare providers face the difficult challenge of coping with an ever-increasing workload while still providing high-quality patient care and trying to retain their staff. As the CEO of CalmWave, Inc., Ophir Ronen is an expert in both patient outcomes and staff retention who understands the importance of leveraging AI technologies to reduce alarm fatigue and deliver more efficient quiet care.
Delivering Efficient Care by Reducing Alarm Fatigue
Alarm fatigue is
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The Next Era of Healthcare Will Be Built On These 3 Principles
The U.S. healthcare industry has hit an important inflection point. The global pandemic highlighted an increased need to deliver quality patient care. However, outdated, legacy technology is straining many health systems, and in some cases, exaggerating existing problems such as rising operational costs and high rates of attrition.
Health and hospital systems must take a purposeful approach to IT modernization — which includes embracing new technologies — to ensure success. And while each IT
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