Forbes October 25, 2024
Ed Gaudet is the CEO and Founder of Censinet, a healthcare risk management platform, and member of the Health Sector Coordinating Council.
Merriam-Webster defines systemic risk as “the risk that the failure of one financial institution (such as a bank) could cause other interconnected institutions to fail and harm the economy as a whole.” While the financial sector has certainly seen its share of systemic shocks, the cyberattack on Change Healthcare in February 2024 and the recent CrowdStrike IT outage highlighted how systemic risk not only exists in healthcare but can have equal, if not far more severe, consequences. Unlike the financial system, even short-term systemic failure across the health sector means life-threatening delays in treatment, loss of access to...
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