FTI Consulting India’s Post

In the current era of hyperconnectivity, the cyber risks have increased disproportionately. Cybersecurity can't just be layer on top, it has to be a part of core infrastructure. While creating the National Digital Health Ecosystem, ABDM works on the principle of privacy and security by design. #ABDM #DigitalHealth

🚨In a world increasingly reliant on digital infrastructures, the recent cyberattack on Change Healthcare serves as a stark reminder of our vulnerabilities. For the uninitiated, Change Healthcare, a colossus in health tech owned by UnitedHealth Group, found itself the victim of a sophisticated cyberattack, halting significant portions of the US healthcare system for the second consecutive week.   Hospitals and pharmacies are in an operational coma, unable to process insurance benefits, prior authorizations or billing, with some patients forced to shell out cash for essential medications. This debacle underscores the critical role of cybersecurity in safeguarding our healthcare systems.   🔒But it's the potential compromise of millions of patients' highly sensitive medical information that casts a long shadow. As fears mount over the possibility of this data being spilled online, one can't help but ponder the irreversible impact on patient privacy and trust.   🌐The incident also shines a spotlight on the intricate web of dependencies within our healthcare infrastructure. With Change Healthcare handling a lion's share of medical data and transactions, the ripple effects of such outages are profound, affecting countless healthcare providers and patients nationwide.   💡What does this mean for the future of health insurance and healthcare? For starters, this crisis highlights the urgent need for fortified cybersecurity measures and robust data protection policies within the industry. But more broadly, it calls into question the wisdom of allowing vast amounts of critical patient data to be concentrated under the umbrella of a single entity.   🚀Innovation in healthcare is essential, but so is resilience. As we navigate the digital transformation of healthcare, this incident serves as a critical lesson in the importance of cybersecurity diligence and the need for a diversified, resilient infrastructure capable of withstanding the inevitable challenges of the digital age.   💬 The conversation doesn't end here. As we stitch up the wounds from this attack, let's ponder: How can we, as industry leaders, innovators, and policymakers ensure our digital health systems are not just smart, but also immune? Can we develop a cybersecurity regimen that's as routine and robust as our morning vitamin? Let's not wait for the next crisis to find the answers. Link to story here - https://lnkd.in/eBXZgQ49 #HealthcareCybersecurity #DigitalHealth #HealthTech #CyberAttack #PatientPrivacy #Innovation #insurtech #healthinsurance

Australia’s health system ranks among the best globally, with a complex mix of public and private sector providers and multiple funding streams from governments, insurance companies, and individuals. However, this complexity has led to siloed health information systems with incompatible data formats, standards, and terminologies, leaving the healthcare sector lagging behind other industries in adopting digital technologies for seamless connectivity. Achieving interoperability requires modernising or replacing legacy systems, which is resource-intensive and slow. Investments in interoperability must factor in not only the cost of developing standards but also workforce training and change management. Privacy and security must remain a top priority, rushing interoperability without proper safeguards risks privacy breaches and cybersecurity threats, potentially undermining trust. Key challenges for healthcare providers in achieving interoperability include siloed systems, inconsistent data standards, legacy system modernisation, privacy, security and compliance, and more. Visit our website to read more: https://lnkd.in/diej2cKG #healthcare #dbresults #healthtechnology #patientcaresoftware

Monday Morning Update 6/24/24 – HIStalk - HIStalk #HealthcareITNews: In the latest Monday Morning Update from HIStalk, the blog covers a range of topics relevant to healthcare IT professionals. #EHRUpdates: The blog discusses updates on electronic health records (EHR) systems, including new features and functionalities that can improve patient care and streamline workflows. #CybersecurityAlert: A section on cybersecurity alerts highlights the importance of protecting patient data and the latest threats facing healthcare organizations. #TelehealthTrends: The blog also delves into telehealth trends, exploring how virtual care is transforming the healthcare landscape and improving access to services for patients. #IndustryInsights: Healthcare IT professionals can gain valuable industry insights from the blog, including updates on regulatory changes and emerging technologies ai.mediformatica.com #health #data #histalk #hospital #healthsystems #digital #digitalhealth #hipaa #news #texas #guidance #healthinformation #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/4bgGHKg)

#Health #ITSecurity industry is projected to witness a CAGR of 18.2% during the period 2024-2032. This growth can be attributed to increasing incidence of healthcare data breach and cyber-attacks. #IT

📢 𝐖𝐡𝐲 𝐇𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐬 𝐍𝐞𝐞𝐝 𝐎𝐮𝐭𝐬𝐨𝐮𝐫𝐜𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐂𝐲𝐜𝐥𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 📢 Hospitals today face immense pressure balancing financial health with strict data security. Here’s how outsourced Revenue Cycle Management (RCM) can make a difference! 👇 𝐊𝐞𝐲 𝐏𝐨𝐢𝐧𝐭𝐬: 🔒 What is a BAA? A Business Associate Agreement (BAA) keeps hospitals and RCM providers compliant with HIPAA, protecting sensitive patient data. 🛡️ 𝐊𝐞𝐞𝐩𝐢𝐧𝐠 𝐏𝐚𝐭𝐢𝐞𝐧𝐭 𝐃𝐚𝐭𝐚 𝐒𝐞𝐜𝐮𝐫𝐞 RCM providers bring advanced security, like encryption and secure storage, to prevent data breaches and unauthorized access. 🚪 𝐋𝐢𝐦𝐢𝐭𝐢𝐧𝐠 𝐀𝐜𝐜𝐞𝐬𝐬: 𝐌𝐢𝐧𝐢𝐦𝐮𝐦 𝐍𝐞𝐜𝐞𝐬𝐬𝐚𝐫𝐲 𝐑𝐮𝐥𝐞 Only essential personnel have access to data—reducing exposure risks and enhancing security. 🎓 𝐄𝐧𝐬𝐮𝐫𝐞 𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐭𝐬 𝐇𝐚𝐯𝐞 𝐇𝐈𝐏𝐀𝐀 𝐓𝐫𝐚𝐢𝐧𝐢𝐧𝐠 Trained virtual assistants in RCM are crucial to prevent accidental breaches and maintain secure workflows. 🚨 𝐇𝐚𝐧𝐝𝐥𝐢𝐧𝐠 𝐃𝐚𝐭𝐚 𝐁𝐫𝐞𝐚𝐜𝐡𝐞𝐬 Experienced RCM providers have a prompt response plan for any breach, containing risks and maintaining patient trust. 🗑️ 𝐒𝐞𝐜𝐮𝐫𝐞 𝐃𝐚𝐭𝐚 𝐃𝐢𝐬𝐩𝐨𝐬𝐚𝐥 Compliant disposal methods by RCM providers ensure patient data is erased securely when it’s no longer needed. 🔍 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐀𝐮𝐝𝐢𝐭𝐢𝐧𝐠 𝐚𝐧𝐝 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 Routine audits and monitoring help detect vulnerabilities and prevent unauthorized access. 𝐖𝐫𝐚𝐩𝐩𝐢𝐧𝐠 𝐈𝐭 𝐔𝐩: Outsourcing RCM is not just about cost-effectiveness; it’s about building a safer, more efficient hospital system. Hospitals get to focus on patient care, while experts handle the complexities of data security and financial health. 💼✨ 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐎𝐮𝐭𝐬𝐨𝐮𝐫𝐜𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐟𝐨𝐫 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞, visit us🌐 https://www.staffingly.com 📧 support@staffingly.com 📞 Call Toll Free: (800) 489-5877 📅 Book a Meeting: https://hie.li/meetdan #RevenueCycleManagement #HealthcareRCM #HospitalDataSecurity #OutsourcedRCM #HIPAACompliance #MedicalBilling #PatientDataSecurity #HealthcareCompliance #SecureRCM #HospitalManagement

#Health #ITSecurity industry is projected to witness a CAGR of 18.2% during the period 2024-2032. This growth can be attributed to increasing incidence of healthcare data breach and cyber-attacks.

SourcEdge, An Alivia Company, was Cognizant’s First #Healthcare Certified Consulting Partner. During this 4-day event, SourcEdge and Alivia Analytics will discuss its combined products and services for commercial and government health plans. This will include a Session and Facets Case Study about masking PHI using #Deidentification for #Cybersecurity. Here are the details… SourcEdge’s specialized IT and connectivity expertise plus Cognizant’s TriZetto Healthcare Products (Facets / QNXT) modernizes outdated claims systems to improve insurance payments, productivity, value-based care, and integration with other applications. Alivia’s #AI powered Healthcare Payer Analytics Platform and tech-enabled services help health plans address growing #PaymentIntegrity challenges of #FraudWasteAbuse #FWA plaguing the healthcare system. Analytics modules also include #ClaimsEditing and #VBCmodeling. These solutions demonstrate the efficiency of modern #healthcaretechnology and digital transformation. SESSION & CASE STUDY: Facets & PHI DeIdentification For Your Non-Production Environments, Where Data is Exposed Presented by: Stephen Sideris, Data security expert and VP of Health Plan Services. Formerly SVP at Visiant Health. Brad Hutson, Cyber security expert and Chief of Cyber R&D for the Cyber Security Forum Initiative. Learn More: https://lnkd.in/eVy-3Hiz See you in Orlando! #CognizantHSC

According to 2023 reports, the average cost of a #healthcare data breach has skyrocketed to a whopping $10.93 million – a 53.3% increase over just three years. Why are they so expensive? Investigation, notification, and credit monitoring services add up *very* quickly. HIPAA violations can also lead to hefty fines. But data breaches are not just a financial burden; they can also jeopardize patient safety and cause significant long-term reputational damage for healthcare organizations. The good news? #AI technology can play a critical role in countering the growing complexity and sophistication of #cyberattacks in the healthcare industry. Learn more: https://lnkd.in/gspgQrdK

SourcEdge, An Alivia Analytics Company, was Cognizant’s First #Healthcare Certified Consulting Partner. During this 4-day event, SourcEdge and Alivia will discuss its combined products and services for commercial and government health plans. This will include a Session and Facets Case Study about masking PHI using #Deidentification for #Cybersecurity. Here are the details… SourcEdge’s specialized IT and connectivity expertise plus Cognizant’s TriZetto Healthcare Products (Facets / QNXT) modernizes outdated claims systems to improve insurance payments, productivity, value-based care, and integration with other applications. Alivia’s #AI powered Healthcare Payer Analytics Platform and tech-enabled services help health plans address growing #PaymentIntegrity challenges of #FraudWasteAbuse #FWA plaguing the healthcare system. Analytics modules also include #ClaimsEditing and #VBCmodeling. These solutions demonstrate the efficiency of modern #healthcaretechnology and digital transformation. SESSION & CASE STUDY: Facets & PHI DeIdentification For Your Non-Production Environments, Where Data is Exposed Presented by: Stephen Sideris, Data security expert and VP of Health Plan Services. Formerly SVP at Visiant Health. Brad Hutson, Cyber security expert and Chief of Cyber R&D for the Cyber Security Forum Initiative. Learn More: https://lnkd.in/eVy-3Hiz See you in Orlando! #CognizantHSC