A March 25, article, by Tamara Rosin in Becker’s Health IT & CIO Review, points out the exhorbitant costs of information security violations: “The financial repercussions of an information breach," according to the article, "are staggering.” The article refers to the recent, very high-profile, "hacks in healthcare — at Anthem, Community Health Systems and Premera Blue Cross”, and other leading businesses.
Repercussions of these events and their specific costs including, “healthcare data breach lawsuits” at the current, according to the article, “asking price” of “approximately $1,000 per victim”, direct costs of HIPAA violations involving “willful neglect” of “$1.5 million,” for "Anthem, the cost of informing all of the affected patients by first class mail was $40 million", and much more.
Our dedicated Derive Healthcare team has significant experience in addressing issues surrounding IT and data security in provider and other healthcare operations. These issues extend far beyond the data and systems themselves, but also to policy, post-breach remediation, and managing, and resuming, operational availability after security violations occur. Principally, as stated in the article, “businesses are realizing information security risk management must be proactive and strategic, not reactive." We leverage our experience to support providers and other organizations in developing best practices, and implement and manage systems, that can help to mitigate these issues.
To learn more about Derive's Healthcare Security solutions, and obtain a consultation, please complete the form below. You may also reach a a Derive Healthcare specialist by phone at (212) 363-1111.