Healthcare Risk Management
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Nursing Shortage, Technology Changes Could Bring Liability Risks
The new year will bring nursing-related liability risks that involve the aging labor force, the changing healthcare industry, and technology, says an industry analyst.
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Anthem Settlement Holds Lessons on Data Breaches, Costs
Anthem’s recent $115 million settlement — one of the largest ever in a consumer data breach — shows how costly a breach can be for a healthcare organization. Risk managers should remember that even a much smaller breach could be financially devastating.
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Expanding Cyberinsurance Market Brings Benefits to Healthcare
The expansion of the cyberinsurance market means that healthcare organizations can get more coverage for a lower premium than in the past.
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Watch for Common Pitfalls in Cybercoverage
Healthcare risk managers may mistakenly assume that a commercial insurance policy will cover the damage related from cyberattacks, but that is often not the case.
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Cyberinsurance Now a Necessity, But Choose Coverage Wisely
Insurance to cover cyberattacks leading to data breaches, ransom, and interference with medical care is becoming more popular with hospitals and health systems, almost becoming as much a necessity as malpractice coverage and general liability insurance.
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Psychiatrist Liable for Excessive Prescribing, Leading to Patient’s Death and $2 Million Verdict
Medical care providers, including physicians, clinics, and hospitals, are responsible for keeping up-to-date about any newly discovered side effects or dangers inherent in the drugs they prescribe to their patients.
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Hospital Liable for $29.5 Million for Delayed Treatment of Allergic Reaction During CT Scan
This serious injury and significant verdict demonstrate the requirement not only that hospitals must create effective policies and procedures for patients experiencing adverse outcomes but actually implement and follow those procedures.
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More Robust Informed Consent Needed for Telemedicine
This modality requires an emphasis on making sure patients understand the limitations of telemedicine at the same time it is being promoted as the new, modern way to interact with healthcare professionals.
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NIST Report Shows Threats to Medical Devices
A draft report from the National Institute of Standards and Technology examines cybersecurity vulnerabilities and privacy risks related to the medical devices connected to the internet of things.
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Cybersecurity Experts Warn Hospitals About Device Security Risks
Medical devices may not be the first priority when healthcare organizations address cybersecurity, but risk managers should make sure they are included in defensive efforts, say cybersecurity experts.