Cyber risk aggregation arises both internally and externally in organizations, and has a multiplier effect on the scale and scope of a cyber incident. As healthcare organizations rely increasingly on data, connectivity, and outside services to support their business platforms, a single cyber incident has the potential to impact more of the organization, and a greater number of its peers, partners, and vendors (all of them likely cyber insureds), with resulting aggregated exposure to cyber insurers and reinsurers.
The risk to individual healthcare organizations is that they suffer larger losses than would otherwise be the case, and the risk to cyber insurers is that they suffer losses from the same incident under multiple policies without having correctly priced that risk or managed their capacity in light of that aggregation risk. Ultimately, both are a concern to risk managers looking to manage their exposures and secure stability.
Within the organization, aggregation can arise from a lack of segregation of data and systems—for example, centralizing too much data in one depository or allowing one individual too much access to data by not implementing access controls based on need. In both cases, a single event has the potential to affect more data than necessary for the good running of the business.
As healthcare has experienced an explosion of ransomware attacks in recent years, we see clearly that organizations that segregate data and systems are more likely to deny intruders access to all their resources, helping to stem the attack and get the organization back up and running faster.
This whitepaper will outline the new vulnerabilities for healthcare organizations and will help you learn how to manage this evolving risk.
Modern Cost Accounting: Integrating Data from Institutional Facilities and Healthcare Providers
January 4, 2021
Learn more about the challenges of combining institutional and professional data and the opportunities that a robust cost accounting and decision support software solution can bring, including:
Industry changes and trends impacting healthcare cost accounting
Common data and systems features
Special considerations needed for institutional billing and reimbursement
Differences seen in professional service billing and reimbursement
Professional data planning and cost accounting considerations
Understanding costs at the patient level has never been more important, but much of that data is trapped in systems outside the hospital — such as practice management systems.
A robust cost accounting and decision support software solution can incorporate data from multiple disparate systems, connecting health systems to a more complete picture of their costs. This is key to lowering costs, effective participation in alternative payment plans, and contract negotiations with payers.
Many providers are eager to improve their bottom line, but they don’t know how to identify the weak links in their revenue cycle. Key Performance Indicators, or KPIs, help you track key metrics so you can stay on top of financial performance each day. How quickly is your staff getting claims through the clearinghouse? What is your current denials rate? How about the claim rejection by payer? All of these and more are key metrics you need to monitor. Read our latest infographic to learn more.
Download this whitepaper to discover how you can make data-driven decisions to improve revenue performance.
Why Care Settings Matter: Advantages of Inpatient Rehabilitation for COVID-19 Recovery and Beyond
Kindred Hospital Rehabilitation Services
December 18, 2020
Ensuring patients receive the right level of care at the right time in their care journey is especially critical in today’s environment. Post-acute care has played an essential role during the pandemic and will continue to be a part of the solution as more patients recover. However, it is important to note that not all post-acute care settings are created equal.
Following the fluctuating patient and facility needs due to COVID-19, hospitals worked quickly to adapt and integrate innovative technologies to best serve the entire patient population and therefore continued to produce positive outcomes across the care continuum. Further, early rehabilitation of COVID-19 patients can enhance pulmonary, respiratory function, reduce complications, improve function, cognitive impairments and quality of life, according to a recent Journal of Rehabilitation Medicine study.
A hospital’s ability to seamlessly adapt to the changing environment enables their inpatient rehabilitation programs to offer a variety of resources and programs that help deliver quality care, reduce readmissions and improve overall facility operations. These include:
Daily physician oversight and a multidisciplinary therapy team providing daily therapy tailored to each patient.
Employing specially-trained Registered Nurses who are fully equipped to treat patients with various care needs.
Hospital-level infection control measures.
Strong coordination between an acute episode and the next level of care is more important than ever because of the unique and positive role rehabilitation units play in treating medically complex patients, and specifically treating patients recovering from COVID-19.
This guide breaks down the key differences between the levels of post-acute care, the unique benefits of inpatient rehabilitation in treating COVID-19 patients, and the opportunity to optimize your rehab program or start a new program.
Accelerating Growth in the Health Economy: How to Secure Market Relevance in a Shifting Landscape
December 15, 2020
The economic landscape of the health care market has been forever altered by the COVID-19 crisis. Existing challenges have intensified, and the pace of change is accelerating, raising the bar for organizations to adapt strategically and quickly.
This e-book explores how health leaders can react to these new financial variables with speed and precision, reclaim market relevance, and ready their organization for growth. It illustrates how data, analytic talent, and integrated digital capabilities can serve as a market differentiator and a valuable tool to navigate the shifting landscape.
Download the e-book to learn more about how health leaders can ready their organization for growth with forward-thinking strategies that include:
HealthLeaders recently held the Telehealth and Connected Health NOW Online Summit. Over the two-day event, industry experts and thought leaders discussed the changing role of virtual care for patients and providers and its impact on the healthcare space.
“Providers have had to disrupt their entire workflow processes to rapidly enable virtual health,” said our day two keynote speaker Ken Abrams. Yet as these organizations forge ahead, executives want to sustain the advances that have occurred during the coronavirus crisis. But how is that accomplished?
“COVID-19 has been a defining period of time for us and our healthcare industry,” said Ann Dolan, EMBA, CPN, CPHQ, practice leader for population health management services, healthcare technology solutions at IQVIA. Dolan also noted that the key factor in healthcare delivery has been the transition to telehealth. However, many organizations have struggled in the transition as they were not fully prepared for such drastic change.
To learn Ken’s four critical steppingstones and IQVIA’s six essential steps to a successful telehealth transition, download our latest report today!