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Health IT, Hospitals, Health Tech, Providers

Why the Cyberattack on Ascension Scared 5 Hospital Execs & How They’re Responding

As majorly disruptive cyberattacks continue to make headlines in the healthcare world, hospitals are prioritizing cybersecurity more than ever before. This piece explores reactions from five different health system executives about the recent attack on Ascension — as well as what they’re doing to prevent a similar fate at their own organization and how they want things to change going forward.

Health Tech

6 Ways Providers Can Better Manage 3rd-Party Cybersecurity Risks

The Health3PT Initiative recently released recommendations on how providers can better address the cybersecurity risks linked to their third party reliance. Some of the group’s recommendations included ensuring that contract language ties financial terms to a vendor’s data management transparency and establishing metrics and reporting requirements for organization-wide vendor risks.

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Health Tech

Tax Breaks Far Outweigh Community Spending at Most Nonprofit Hospitals

A new report from Lown Institute examined the finances of 1,773 private nonprofit hospitals across the U.S. For more than three-quarters of these hospitals, their spending on charity care and community investment was less than the money they received in tax breaks in 2020. These combined deficits totaled $14.2 billion, which is enough money to relieve 18 million Americans’ medical debt or prevent 600 at-risk rural hospitals from closing, according to the report.