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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Healthcare Data Exchange, Integration, and Analytics
M&A: LexisNexis Risk Solutions Acquires Human API
What You Should Know:
- LexisNexis® Risk Solutions, part of RELX, today announced it has acquired Human API, a provider of a proprietary consumer-driven data platform.
- Together, LexisNexis Risk Solutions and Human API will deliver a next-generation consumer consent management solution that enables more seamless delivery of data. This approach empowers consumers with better access to their healthcare data and insurance resources that can improve care coordination and automate life
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Arcadia Raises $125M to Expand Healthcare Data Analytics Platform
What You Should Know:
Arcadia, a healthcare data analytics company raises $125M from Vista Credit Partners and a strategic investor and financing partner focused on the enterprise software, data and technology market.Arcadia helps providers and health plans deliver actionable insights to advance care and research, drive strategic growth, and ensure financial success.The investment will accelerate Arcadia’s platform innovation and go-to-market strategy to meet the growing demand from
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Why Data Resilience in Healthcare Needs a Routine Physical
The greatest innovation in healthcare in the last twenty years is something that connects us all… data. At any given moment, healthcare facilities, hospitals and more rely on data to operate more efficiently, drive forward patient care and further develop medical research. Even in the last two years, data has been paramount to the development of mRNA technology that has helped us combat the COVID-19 crisis and even led to a new treatment for type-two diabetes.
The recent medical
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4medica’s EMPI Platform Now Available on Google Cloud Marketplace
What You Should Know:
4medica®, a healthcare data quality and matching technology company, today announced that the 4medica Enterprise Master Patient Index (EMPI) platform is now available on Google Cloud Marketplace.Built on Google Cloud’s Healthcare API, 4medica’s EMPI offers healthcare organizations access to a highly scalable data management services such as referential matching and identity enrichment.
Impact of Poor Healthcare Data Quality
Far
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The Future of Digital Transformation in Hospitals
Hospitals are increasingly motivated to drive digital transformation in order to improve patient outcomes, reduce costs, meet regulatory requirements and stay competitive. Additionally, digital transformation can support medical research and drive innovation in healthcare, as well as generate new revenue streams. An increasingly important tool as hospitals undergo these transformations is federated learning, a technology that we will expand on later. Federated learning is a machine learning
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Patientory Launches Blockchain App Enabling Patients to Earn Money for Their Health Data
What You Should Know:
Patientory Inc., the creator of a blockchain-based, HIPAA-compliant, private medical data ecosystem, announced today that it has launched two solutions–Patientory Consumer Decentralized Application-designed to help patients more efficiently and securely store and earn money from their medical data and Neith Enterprise Dashboard in partnership with Prosper Healthtech, a community-backed organization committed to equity in Birmingham offering a supportive network of
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Q1 2023 Digital Health Funding Reaches $3.4B Across 132 Deals
What You Should Know:
2023 started off with the hallmarks of a rebound year. While Q4 2022 signaled the tail end of the digital health funding cycle, January and February funding numbers began to suggest that sector investment was slowly but surely inching back upwards. Inflation was easing ever so slightly. Investors were rediscovering their confidence and launching new projects, signaling optimism in the sector, according to a new Rock Health report. However, recent news—the collapse of
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5 AI-Driven Healthcare Trends and Solutions in 2023
Enterprise-level healthcare is a massive business sector with seemingly infinite moving parts. With patients’ lives at stake, liability is huge, leaving little room for error. Yet human error is common in healthcare, and minor mistakes can cost millions in legal fees and lawsuits, not to mention risks to patient health. Healthcare enterprises are quickly embracing artificial intelligence solutions to mitigate loss, streamline operations, improve efficiency, and enhance customer
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Survey Reveals 94% of Leaders to Invest in Software/ 90% Admit to Lost Data
What You Should Know:
Intelligent Medical Objects (IMO), a healthcare data enablement company, conducted a survey of more than 300 provider leaders who are responsible for implementing and purchasing technology at healthcare provider organizations. The survey, titled ‘Intelligent Insights: Data challenges, tech investments, and shifting provider priorities’ uncovered many surprising findings and some seemingly universal truths about the challenges U.S. provider organizations are facing and
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