Healthcare Innovation July 28, 2024
Cybersecurity attacks are taking place in the context of intensified hospital and health system consolidation
Over the past decade, the pace of consolidation within US healthcare has increased as mergers and the formation of larger systems have helped to spread overhead costs. This in turn has permitted the acquisition of new expensive technologies and the development of deep clinical and cybersecurity expertise which can be shared across a much larger pool of individual providers within a health system.
Consolidation however is not a bed of roses. Nor is it a panacea for rising healthcare costs – costs that are rising at rates greatly outpacing inflation while insurance payments remain largely static. Consolidation reduces competition and the number of options available...
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