The last two decades have seen significant consolidation among health systems, hospitals, and private medical practices. The Affordable Care Act (ACA) encouraged mergers and acquisitions in order to decrease healthcare spending by eliminating duplication, standardizing treatment protocols, and incentivizing better utilization. As a result, there has been a surge of Merger and Acquisition (M&A) activity in healthcare since the ACA became law.
The Health Insurance Portability and Accountability Act (HIPAA) Security Rule requires that covered entities conduct a risk assessment of their healthcare organization. A risk assessment helps healthcare organizations ensure they are compliant with HIPAA’s administrative, physical, and technical safeguards. A risk assessment also helps reveal areas where protected health information (PHI) could be at risk.
The Health Insurance Portability and Accountability Act (HIPAA) Security Rule requires that covered entities to conduct a risk assessment annually to identify risks and vulnerabilities to electronic Protected Health Information (ePHI).
As with anything, there is misinformation about the HIPAA Security Rule and the required risk assessment. The following is are the top 10 myths of Security Risk Assessments. Read More
The convenience of digital technology offers a wide array of benefits and risks. Technology has opened many doors for senior living providers to advance care, reduce costs and improve their residents’ experience. However, when left unprotected, technology has also opened the door to new risks.
The Institute for Healthcare Improvement describes patient engagement as “actions that people take for their health and to benefit from care.” Patient engagement by its nature allows patients, caregivers, and healthcare providers to make more informed decisions and adopt behaviors that facilitate improved health outcomes.
Although cloud computing helps support healthcare trends and improve patient care, many healthcare organizations have maintained a deep-rooted aversion to its use, often citing security and privacy concerns. In recent years, regulations have been pushing the industry toward storage, collaboration, and accessibility. As a result, the cloud has become an even more attractive solution, since it is often safer and more versatile than on-premise options. Furthermore, health information exchanges are contributing to the need for interconnected medical record systems to ensure easy access to patient data. As a result, cloud adoption in healthcare is beginning to grow.
CapEx to OpEx Trends in Healthcare
Over the last several years, healthcare organizations have been working to shift much their IT spending from capital expense (CapEx) and operational expense (OpEx). These changes allow IT departments to stabilize spending, reduce their capital budget, and more quickly and easily grow.
Cloud computing represents a different way to deliver computing resources than the traditional on-site IT infrastructure. While it is widely believed that “the cloud” provides a greater level of security, the infrastructure is more scalable, it allows providers and patients to be more collaborative, and it will help decrease and stabilize IT costs, the healthcare industry has been slow to adopt this computing model. What is the cloud, how does healthcare use it now and what is the future?
As healthcare IT leaders know, there is no shortage of options when it comes to IT partners to help design and implement your technology roadmap. Deciding which partner is right for your hospital, health system, or practice can be an overwhelming task and depends significantly on what your challenges and goals are.