Holding steady in the No. 1 spot, the healthcare industry has held the top rank in IBM’s Cost of Data Breach report for the past 11 years. It’s a lead that seems secure. In just a year from 2020-2021, the average total cost for healthcare for an event increased 29.5%, and now sits at $9.23 million.
Even amidst that threat landscape, the percentage those in the healthcare space spend on cybersecurity hasn’t climbed out of the single digits. Only 6% or less of the IT budget is typically
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Health IT & Digital Health-Opinion | Op-Eds | Guest Columns | Analysis, Insights - HIT Consultant
How Hospitals Can Build Trust and Bolster Patient Experience Through Data and Insights
In any industry, the systems created to enhance customer experience are in orbit around a singular premise: trust. In healthcare, trust is foundational to patient experience, yet it is still largely ignored in our conversations about healthcare transformation.
In order for patients to feel confident in the care they are receiving—and for a great patient experience—they need to trust their care providers. It’s an endemic challenge across healthcare as patients deal with a widening
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We Recall Drugs with Adverse Effects, So Why Not Recall AI Algorithms with Racial Bias?
Over the last decade, AI has transformed from a futuristic, hype-driven tool, to now being a daily part of our lives. We use AI for everything from unlocking our smartphones, to evaluating our credit scores, to helping clinicians make patient care decisions. In particular, the potential of AI to transform drug development and patient care is unparalleled – its ability to gather objective insights can help elevate a clinical trial’s data and bring potentially life-saving drugs to people in need
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What Are Digital Wallets and What Do They Mean for Healthcare?
Digital wallets are a payment option that continues to gain traction among consumers due to their simplicity and ease. Many providers, however, may be unfamiliar with the technology and how it can benefit their practices and patients.
At the most basic level, a digital wallet is a digital, mobile version of patients’ financial accounts that is easily accessible via a computer or smartphone, eliminating much of the need to carry an actual wallet. Digital wallets can be used by consumers
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Infrastructure Funding Will Improve Broadband Access for Telehealth & Combat Opioid Epidemic
The recently passed federal funding for infrastructure improvements signals a boon for healthcare providers and will expand access to care via telehealth. Once an ancillary functionality, telehealth is now a critical component for delivering patient care and the bill’s funding will expand the reach of high-speed internet, improving access for patients at a time when more rely on internet connectivity for their healthcare than ever before.
However, as a board-certified physician in
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Role of Engaging Physicians in Data-Driven Healthcare Environment in 2022
Prior to the COVID-19 pandemic, physicians were attuned to the operational and financial challenges faced by most hospitals and healthcare systems. They just weren’t necessarily living those challenges firsthand.
However, when procedures were canceled and demand for supplies soared, the experience became more personal. Many physicians experienced steep revenue decline as well as the challenges of securing the right medical supplies when they were needed. They also saw how the industry’s
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Clinical Simulation and its Integral Role in Healthcare Training
The COVID-19 pandemic caused a major shift in medical education. Since students were not classified as critical employees of hospitals, it became difficult for them to gain clinical hours with patients. With soaring demand for medical professionals to address the pandemic and students without access to hands-on training in hospitals, a new technique rose to prominence: remote learning with patient simulators.
Patient simulators for healthcare providers and educators
For many years,
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6 Top Reasons to Consider In-Home Care For Elderly
Your aging loved ones need special care and attention. Whether it is taking care of their health or helping them with daily chores, your elderly parents may require assistance to live healthily and comfortably. It’s possible that you cannot be there for 24x7 assistance, but you can look for different in-home care options.
Home care proves to be the best solution for many families as it allows their elderly loved ones to stay within the comfort of their homes and seek proper healthcare. Some
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Healthcare Labor Shortages and the Potential of the Digital Workforce
It remains to be seen when COVID-19 will finally be in the rearview mirror. Each day there are fresh headlines about new waves of infections popping up around the world. My physician said he expects vaccine boosters to become a permanent part of the annual flu shot regimen.
The healthcare industry has been under nonstop pressure since February 2020. What began as an explosion of patient demand for urgent care resources, ventilators, and ICU beds evolved into multiple, regional infection
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Blockchain Privacy Innovations Can Let Healthcare Focus On What Matters
The Covid-19 pandemic has highlighted the major impact that data has on our lives, especially when it comes to healthcare. From track-and-trace systems to digital Covid vaccination passports, to patient data, to the medical supply chain, there has been a huge increase in data collected by governments and healthcare providers. This massive increase in healthcare-related data collection brings with it significant privacy concerns. Now, more than ever, data protection must be front and center in
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