HEALTHCARE: Smaller health systems are still feeling the ripple effects of the February ransomware attack, as revealed by Strata Decision Technology data in a recent Becker's Healthcare article. While larger systems have rebounded, many smaller systems continue to experience significant revenue losses and payment shortfalls. The article underscores the critical need for robust financial strategies to support these organizations through recovery. Read more: https://bit.ly/3MfAMv6 #Healthcare #RansomwareRecovery #StrataInsights #HealthTech
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Great article on the lasting effects of the Change Healthcare attack. With attackers aiming for maximum disruption, organisations need to build attack-tolerant systems to keep operations running smoothly.
Council Post: Why Things Can't Go Back To Normal After The Change Healthcare Attack
social-www.forbes.com
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Healthcare is now a prime target for #cyberthreats, putting patient data and critical services at risk. So how can #healthcare organizations navigate this new normal? We're diving into the healthcare industry's distinctive challenges and outlining effective strategies to overcome these obstacles.
Doing More with Less: Navigating Cybersecurity Challenges in Healthcare
huntress.com
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Healthcare providers handle vast amounts of critical information and patient data that must be protected… READ MORE: https://lnkd.in/gb4Q7Usb #HealthcareDataLoss #PatientPrivacyBreach #MedicalDataSecurity #DataProtectionFail #HealthTechRisk #DataPrivacyIncident #HealthcareCybersecurity #PatientInfoCompromise #MedicalRecordsBreach #DataSecurityConcerns
How to Reduce the Risk of Healthcare Data Loss?
https://www.medicalit.services
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Healthcare is now a prime target for #cyberthreats, putting patient data and critical services at risk. So how can #healthcare organizations navigate this new normal? We're diving into the healthcare industry's distinctive challenges and outlining effective strategies to overcome these obstacles.
Doing More with Less: Navigating Cybersecurity Challenges in Healthcare
huntress.com
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About 5 weeks ago, Change Healthcare experienced a massive #cyberattack. Change’s platform touches about one-third of all patient records processed annually. To limit the impact, Change?immediately disconnected its systems, and as a result, hospital systems were not able to send or receive claims information through Change’s clearinghouse platform. ? In a new article, Lisa Goldstein, Robert Turner, and Tommy Esposito outline the impact of this cyberattack and what we can learn from the incident. #healthcaremanagement https://lnkd.in/gkj8p474
Read the Article: The Change Healthcare Cyberattack - A Risk Perspective for CFOs and Treasurers
kaufmanhall.com
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The repercussions of the Change Healthcare cybersecurity attack impact participants across the health care system, from the patient trying to refill a prescription to large health systems and payers trying to process and pay claims. This incident exposes incredible vulnerabilities across the entire industry: delaying or disrupting patient care, burdening employees with increased manual workloads; jeopardizing financial solvency of providers of all sizes. This should serve as another stark reminder of the critical need for healthcare organizations to examine their plans to keep data secure and sustain operations following a crisis. https://hubs.ly/Q02nKPZR0
CMS rolls out provider flexibilities amid fallout from Change cyberattack
healthcaredive.com
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Challenging the Status Quo of Healthcare Revenue Cycle | Founder of Tarpon Health | Host of "My Good Friends" Podcast | Founder of the RCM Leaders Forum
$872 Million loss in Q1 due to the cyber attack on Revenue of $99.8 Billion = 0.8% hit on the total revenue. When you put it in perspective it feels like something they can manage just fine. The question is how much has this cost Providers? Again, the issue of having a disparate system and no real way to compile the untold costs here for Health Systems, the Solo Practitioners and everyone in between. The lost narrative in these stories is not being able to counteract their propaganda that everything is fine. For reference the definition of Propaganda: information, especially of a?biased?or misleading nature, used to promote or?publicize?a particular political cause or point of view Nope...nothing to see here. My friend Trish Rivard from Eliciting Insights is doing another market pulse survey and could use providers to fill out an impact survey. DM her or me for more information. We need to gather some data to get the provider story out there. https://lnkd.in/gbBZm7z4
UnitedHealth says Change Healthcare cyberattack cost it $872 million
cbsnews.com
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Healthcare Management | Operational Excellence | Healthcare Technology | Team Leadership | Strategy | Business Development
The recent cyberattack on Change Healthcare, the largest US billing and payment system, caused unprecedented disruptions, delaying millions of prescriptions and services. This incident underscores the growing threat of cyberattacks on healthcare. History shows severe consequences: the 2017 WannaCry attack disrupted over a third of NHS England's hospitals, and the 2021 ransomware attack on Ireland's Health Service Executive led to thousands of canceled services and stolen personal data. Despite the clear dangers, healthcare lags in cybersecurity investment. US healthcare organizations spend an average of 7% on cybersecurity, compared to 11-12% in other sectors. This disparity is even more pronounced in low- and middle-income countries. Healthcare systems must elevate cybersecurity investments and adopt robust measures like two-factor authentication. Cybersecurity is not just an IT issue - it's a matter of health. https://lnkd.in/eKhV8grW
Cyberattacks on health care—a growing threat
thelancet.com
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Kaiser Permanente's notification of a data breach affecting 13.4 million members underscores how critical it is for healthcare organizations to prioritize data protection. While Kaiser Foundation Health Plan assures no misuse has been detected, the incident emphasizes the need for vigilance. Key takeaways: 1. Transparency is Key: Prompt disclosure, as exemplified by Kaiser, builds trust and allows affected individuals to take necessary precautions. 2. Proactive Measures Matter: Kaiser's proactive approach in informing both current and former members highlights the importance of preemptive action in safeguarding personal information. 3. AI's Role in Security: Amidst challenges, the tech giant's mention of AI services underscores the potential for advanced technologies to enhance data protection measures. Although unique from the recent Change Health incident, they both underscore the persistent threat landscape healthcare organizations face. The need for robust security measures remains universal. Healthcare organizations must remain vigilant in safeguarding our private data. Transparency, proactive measures, and leveraging technology are vital steps in fortifying defenses against data breaches. https://lnkd.in/gHjZAg9G #DataSecurity #HealthcarePrivacy #CybersecurityAwareness
Health conglomerate Kaiser notifies millions of a data breach
reuters.com
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In my own opinion, I believe that as a non digitized intelligence, that the FRONT line war with cybersecurity starts at the formality level. If the was a way I could implement a, "Plant a seed to expose comorbidities" in the Imperative acceptance of the string of questions that foster the root system of cyber attacks on the public. A way to "Force flower" digital progression of targeted society by harvesting intentions by willful neglect due to "Financial gain, and poor education of binary warfare.
Cyberattacks are creating an existential threat to healthcare infrastructure. This week in The Wall Street Journal, our chairman and CTO Larry Ellison and Oracle Health EVP Seema Verma discuss what’s needed to defend America’s healthcare system. https://lnkd.in/eYTkPTWM
WSJ Opinion | It's Time to Hand Cybersecurity Over to the Computers
webreprints.djreprints.com
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