Today's healthcare scenario is challenging, as these essential issues might cause medical malpractice and harm the company's brand and reputation if not managed appropriately.
FREMONT, CA: The daily pressures healthcare businesses encounter to provide outstanding patient care and many obstacles can disrupt facility operations and endanger employee and patient safety.
Today's healthcare landscape is the most complex ever. The transition to electronic healthcare records has produced new patient privacy vulnerabilities as records are easily accessed by consultants and other third parties for efficient operation and by cybercriminals. If not managed appropriately, these critical issues can increase medical malpractice, government fines, and penalties and harm the organization's brand and reputation. Here are some major hospital leadership concerns:
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Cyber risks: Cyber hazards could affect healthcare companies' operations, including shutting down vital systems. Data breaches and network disruptions can harm a company's finances, security, and reputation. Standard general liability plans rarely cover cyber and technological risks. Cyber liability insurance can fill coverage gaps and transfer cyber threats, such as patient privacy and notification, crisis management, and litigation costs. Cyber intrusions and data breaches are severe issues in healthcare today. Healthcare companies must engage closely with their insurance carrier to analyze risk, develop risk management plans, and ensure sufficient coverage.
