Fraud is one of those topics that no one really enjoys talking about. It can be uncomfortable to think that someone in your practice, even someone you are close to and believe you have a strong relationship with, would steal from you. But it happens. And you need to be aware of it because fraud and theft are far more common in healthcare practices than you might expect.

We’ve had a lot of articles about ransomware on this blog over the years, and for good reason. For roughly a half decade, healthcare organizations have been (and will likely continue to be) irresistible targets for cybergangs looking to carry out ransomware attacks. Case in point, just look at the recent May 1st attack on Scripps Health, which has left their computer network and related applications down for nearly a month (as of the writing of this article, a large portion of their systems were still down).

The healthcare industry is predicted to experience an unprecedented level of cyberattacks in 2021. That’s a pretty crazy thing to claim, considering healthcare has already been one of the most heavily targeted industries for decades. However, while healthcare providers and staff have become savvier on how to avoid such tricks over the years, cybercriminals have changed tactics time and time again, finding new ways to compromise data. In response to these ongoing threats, research also predicts the healthcare sector will spend upwards of $125 billion on cybersecurity from 2020-2025.

We did it! We survived 2020! Hands down, 2020 was the toughest year (so far) of the twenty-first century. But we got through it. As we move into 2021, this is the time when many of us are making New Year’s resolutions. To help our readers commit to new initiatives for practice success in the coming year, this blog will suggest a number of useful New Year’s Resolutions for Specialty Practices.

In case you weren’t aware, October is National Cybersecurity Awareness Month. For those in the healthcare industry, unfortunately, cybersecurity awareness is something many are still lacking. According to a report from Hervajec Group, the healthcare industry is expected to spend $65 billion on cybersecurity from 2017 to 2021. All that money being spent, and yet healthcare remains one of the most frequently targeted and worst performing sectors when it comes to cyberattacks and data breaches. Why is that? Well, it is likely because while so much of that money is being spent on technology (antivirus software, firewalls, etc.), not enough time and money is being invested in the training of people.

The information blocking requirements of the Cures Act Final Rule will take effect on November 2, 2020. This means healthcare providers have barely a month to ensure they are in compliance or risk financial penalties. When it comes to allowing proper access to information as required by HIPAA, commonly called “Right of Access,” regulatory entities have already begun cracking down on violators. In 2019, the Office for Civil rights (OCR) at HHS had announced its intention to more aggressively enforce the rights of patients to have prompt access to medical records without being overcharged for it.

We are now three-quarters of the way through 2020, and I think most of us can agree it’s been a doozy of a year so far. While the COVID-19 pandemic has received the lion’s share of attention over the last six months or so, there is another widespread threat that many have neglected to notice—a surge in cyberattacks. Many of these attacks have been aimed at various organizations in the healthcare industry, making an already rough situation even worse for many practices and hospitals.

If the first few months of 2020 taught healthcare professionals anything, it’s that they were not nearly as well prepared to handle unexpected crises as they probably thought they were. With the spread of the COVID-19 pandemic, a serious economic crisis, a global increase in civil unrest, extreme weather from climate change, murder hornets in the U.S. and now cannibal rats devouring each other in large cities (because that might as well happen too, right?), it seems unexpected risks are coming from new directions almost daily.