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Data silos are out. Sharing is mandated.
Privacy is critical.
The 21st Century Cures Act mandates data sharing. HIPAA requires de-identification of the records. These regulations tear down silos & unlock analytics, enabling unprecedented clinical & business intelligence, accelerating innovation & promoting better patient outcomes.
This opens the door for incredible clinical advances, but it's a broad & attractive target for fraudsters. HIPAA imposes punishments when breaches occur, but the protocols for securely sharing data have been left for data owners to implement.
In the US in 2021, the average cost
incurred in a healthcare data breach
* Ponemon study, 2021
**ITP.net; Security; Adelle Geronimo; 01 April 2021
The actual cost of a data breach goes far beyond fines.
LOSS OF PATIENT
RISK TO PATIENT SAFETY
LOSS OF SATISFACTION
IMPACTS PATIENT RETENTION
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