Healthcare providers that do not make cyber security a strategic priority will put $305 billion of cumulative lifetime patient revenue at risk over the next five years, Accenture analysis shows.DOWNLOAD THE ARTICLE
The significant increase in adoption and use of electronic medical records (EMRs) and other healthcare technology has created a wealth of electronic information that is increasingly being targeted by cyber attackers.
Accenture analysis predicts more than 25 million people—or approximately one in 13—patients—will have their medical and/or personal information stolen from their healthcare provider’s digitized records between 2015 and 2019. In many cases, the patient’s response could be to walk away from the healthcare provider that failed to protect his/her data.
Accenture projects that 25 percent of patients impacted by healthcare provider data breaches between 2015 and 2019—more than 6 million people—will subsequently become victims of medical identity theft. Sixteen percent of impacted patients—more than 4 million people—will be victimized and pay out-of-pocket costs totaling almost $56 billion over the next five years.
Almost half of patients said they would find a different provider if they were informed that their medical records were stolen. Taking into account the estimated lifetime economic value of a patient, Accenture analysis shows that healthcare providers are at risk of losing $305 billion in cumulative lifetime patient revenue over the next five years due to patients switching providers because of medical identity theft.DOWNLOAD THE ARTICLE
Active defense requires a risk-based approach to cyber security management, using analytics to detect events and threats, as well as enabling a far swifter response to incidents. In this era of digital health, ehealth and health care consumerism, this shift must be a priority for C-level healthcare executives, rather than the sole responsibility of the information or technology function.
Healthcare providers can take 5 actions to develop effective cyber security measures.DOWNLOAD THE ARTICLE
Active defense requires a risk-based approach to cyber security management, using analytics to detect events and threats, as well as enabling a far swifter response to incidents. In this era of digital health, eHealth and health care consumerism, this shift must be a priority for C-level healthcare executives, rather than the sole responsibility of the information or technology function.DOWNLOAD THE ARTICLE
THE $300 BILLION ATTACK: WHAT SHOULD PROVIDERS DO TO PROTECT CONSUMERS AND THEMSELVES?
IS HEALTHCARE DATA SAFE?
HOW CAN PAYERS AND PROVIDERS COMBAT DATA BREACHES?
HOW CAN CONSUMERS PROTECT THEIR HEALTHCARE DATA?
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