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How Much Can A Data Breach in Healthcare Cost Your Company

The average financial cost of a healthcare data breach continually exceeds other industries. According to the 2020 IBM Cost of a Data Breach report, an average hospital data breach in healthcare costs $7.13 million.Additionally, breaches tend to have increased lifecycles in healthcare systems: an average of 329 days in 2020, compared to the 280-day average among all industries.

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URL: https://www.eidebailly.com/insights/articles/2021/1/how-much-can-a-data-breach-in-healthcare-cost-your-company

Healthcare Organizations Leverage Data to Improve Operations …

WEBHealthcare Organizations Leverage Data to Improve Operations for the Next Normal. We can help. Provide your team with real-time visibility into your organizational …

Category: Health Go Health

HIPAA Compliance and Beyond: How to Keep Patient Data Secure

WEBThe HIPAA Security Rule. The HIPAA Security Rule is a mandate that healthcare entities must follow, and it is designed to safeguard ePHI (electronic …

Category: Health Go Health

5 Key Steps for a Thriving Critical Access Hospital

WEBIdentify your challenges and plan to address each one with executive buy-in. Take proactive measures to assess business risk, uncover waste within processes, and …

Category: Health Go Health

IRS Issues Health Savings Account (HSA) limits for 2024

WEBThe IRS has issued ( Rev. Proc. 2023-23) the inflation-adjusted limits for Health Savings Accounts for 2024. The 2024 amounts, and the comparable amounts for …

Category: Health Go Health

Top 9 Operational Tips for Running a Successful Medical Practice

WEBOperating a medical or dental practice involves a lot of moving parts that go beyond patient care, such as communications, billing, insurance, and documentation. Here are our top 9 …

Category: Medical Go Health

2023 Critical Access Hospital Series

WEBThrough four specialized sessions, our 2023 Critical Access Hospital series will provide a deeper look into the current challenges and opportunities in rural …

Category: Health Go Health

Is Your CPA Firm the Right Source for Healthcare and Operational …

WEBA CPA firm with operational and healthcare knowledge provides value across the organization through strategic alignment, cost savings, and more. The …

Category: Health Go Health

Critical Access Hospital Gets Specialized Treatment from Eide Bailly

WEBGreater Regional Health, a critical access hospital serving the Southwest Iowa community of Creston and the surrounding area, has faced its challenges, specifically concerning …

Category: Health Go Health

Spectrum Health Partners to Join Eide Bailly

WEBWe are pleased to announce that Spectrum Health Partners, a financial advisory services firm focused exclusively on the healthcare industry, is now part of Eide …

Category: Health Go Health

IRS Issues Health Savings Account (HSA) limits for 2023

WEBThe IRS has issued ( Rev. Proc. 2022-24) the inflation-adjusted limits for Health Savings Accounts for 2023. The 2023 amounts, and the comparable amounts for …

Category: Health Go Health

Today’s Challenges for Revenue Cycle Management in Healthcare …

WEBHere’s a look at some of the primary challenges healthcare organizations face when it comes to efficient revenue cycle management. 1. Knowing where to begin …

Category: Health Go Health

IRS Issues Health Savings Account (HSA) limits for 2021

WEBIRS updates Health Savings Account (HSA) maximum contributions, minimum deductibles, and out-of-pocket maximums for 2021. The 2019 HSA …

Category: Health Go Health

Five Solutions to Key Accounting Challenges Hospitals Face Every …

WEBHospitals manage a great deal of complexity in all areas of operations. These challenges include: Providing telemedicine and telehealth sufficiently and …

Category: Medicine Go Health

Key Considerations in Affordable Care Act Compliance

WEBThere are many forms individuals and businesses need to consider with the ACA. Completing the appropriate form is key to compliance. Self-funded insurance plans …

Category: Health Go Health

Surgical Centers and Section 199A: Does My Surgical Center …

WEBFirst, the final Section 199A regulations affirmed that even a small amount of revenue from health services can taint an entire business. For example, if a surgical center has gross …

Category: Health Go Health

What to Know About the Employee Retention Credit

WEBThe Employee Retention Credit is a refundable tax credit still available to organizations who were adversely affected by the pandemic. The credit is up to $5,000 per employee for …

Category: Health Go Health

House advances Health Coverage Tax Credit

WEBHouse advances Health Coverage Tax Credit. February 3, 2022. The House on February 4th approved the Competes Act of 2022, which addresses supply chain …

Category: Health Go Health

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