Healthcare data breaches will cost industry $4 billion by year's end, and 2020 is poised to be worse
It’s difficult to stay ahead of data breaches, and healthcare leaders seem to largely agree that it’s only getting more challenging – and that’s bad news for the financial health of the industry, as data breaches are projected to cost healthcare $4 billion by the end of the year. 2020 could be even more costly. NInety-six percent of IT professionals in a new Black Book Market Research survey agreed with the sentiments that data attackers are outpacing their medical enterprises, holding providers at a disadvantage in responding to vulnerabilities.
Livongo’s “Applied Health Signals” aggregates and analyzes information to generate insights that could make it easier for individuals to stay healthy, says Glen Tullman, the company’s founder and chairman.
Smartphones and tablets are among the mobile technologies in focus, which can be combined with telehealth video conferencing and healthcare wearables, as well as the deployment of electronic health record-based patient portals.
How concerned should clinicians and IT leaders be with the current state of IoT? Dr Abed, medical doctor and healthcare cybersecurity expert, explains. Not a day seems to go by when IoT doesn’t hit the security headlines as a terrible source of vulnerabilities waiting to be targeted and exploited. In fact, only recently did the FDA issue advisory warnings about a whole suite of vulnerabilities in IoT devices that could affect everything from neonatal incubators through to anaesthesia machines.
The California health system is projecting an annualized net income of more than $75,000 from using the technology. This could increase to more than $260,000. Eisenhower Health in Rancho Mirage, California, serves residents of the Coachella Valley, where as many as 70% of its patients are seniors. The health system is a healthcare complex comprised of a 463-bed hospital, the Annenberg Health Sciences Building at Eisenhower, and the Barbara Sinatra Children’s Center at Eisenhower, in addition to its outpatient facilities in Palm Springs, Cathedral City, Rancho Mirage, Palm Desert and La Quinta.
When hospitals have access to your electronic medical record, you get better care. Depending on what you’re admitted for, readily available digital health information could be the difference between life and death. But information made digital is information made hackable. Hackers nab more than just your credit cards, social security number, and other demographic and financial information tied to your identity. Hospital breaches include theft of sensitive health information. It’s modernity’s big tradeoff between data access and data security.
The more than two-dozen participants chosen to move on to Stage 1 of the challenge include Accenture, Geisinger, IBM, Mayo Clinic, Merck, Northrop Grumman and others.
With artificial intelligence and telemedicine gaining a foothold in healthcare, there are fears about technology easing medical professionals out of their jobs. Those fears and other issues around growing health tech adoption were tackled at the recent Becker’s Hospital Review Health IT + RCM conference held in Chicago. In a keynote address to attendees, NewYork-Presbyterian Hospital’s CIO Daniel Barchi cited benefits technology brings into the healthcare industry. “Technology is an enabler because it levels disparities,” said Mr.
Technical innovation has always been a driver for medical breakthroughs in the field of cardiology. These include the Laennec’s stethoscope, the electro- and echocardiogram, percutaneous coronary interventions, transcatheter structural heart interventions, open heart surgery, ventricular assist, and implantable electronic devices. However, while we see many examples of such technologies, many have not translated to routine clinical care so far. Artificial Intelligence is one such example. Although it is important to note that AI is not a specific technology per se and it does not have any artificial features.
After a month of rumors, this morning Google and Fitbit announced that the former has officially purchased the wearable giant for roughly $2.1 billion, or $7.35 per share, in cash. Fitbit stressed that its devices would remain platform agnostic across the Android and iOS ecosystems. Still, a blog post from Google discussing the acquisition made it clear that we can also expect to see some Google wearables in the future.