Tech Companies, Hospitals And Labs Blocking Electronic Exchange Of Medical Records
A fear of losing business to competitors is driving resistance to the federal government's push toward digital records. In other health industry news, it is estimated that the average data breach cost for companies is $3.8 million. Meanwhile, the market outlook is uncertain for 6 new proton-beam centers soon to open. And the improved economic outlook for the health care industry has increased demand for travel nurses.
The New York Times:
Tech Rivalries Impede Digital Medical Record Sharing
Since President Obama took office, the federal government has poured more than $29 billion into health information technology and told doctors and hospitals to use electronic medical records or face financial penalties. But some tech companies, hospitals and laboratories are intentionally blocking the electronic exchange of health information because they fear that they will lose business if they share information on patients with competing providers, administration officials said. In addition, officials said, some sellers of health information technology try to “lock in” customers by making it difficult for them to switch to competing vendors. (Pear, 5/26)
Reuters:
Cost Of Data Breaches Increasing To Average Of $3.8M, Study Says
The cost of data breaches is rising for companies around the world as sophisticated thieves target valuable financial and medical records, according to a study released on Wednesday. The total average cost of a data breach is now $3.8 million, up from $3.5 million a year ago, according to a study by data security research organization Ponemon Institute, paid for by International Business Machines Corp. (5/27)
The Wall Street Journal:
Big Bets On Proton Therapy Face Uncertain Future
Six new proton-beam centers are set to start delivering state-of-the-art radiation to cancer patients around the country by year’s end. ... The projects, long in the works, will enter an uncertain market. Proton-beam therapy, a highly precise form of radiation, has been dogged by a lack of evidence that it is better than traditional radiation despite costing significantly more. Many insurers including UnitedHealth Group Inc. and Aetna Inc. have stopped covering it for prostate cancer, once seen as a main source of patients. One center closed last year and several others have racked up millions of dollars in losses. (Beck, 5/26)
Kaiser Health News:
Improved Economy, Obamacare Boost Demand For Travel Nurses
[Amy] Reynolds is one of thousands of registered nurses who travel the country helping hospitals and other health care facilities in need of experienced, temporary staff. With an invigorated national economy and millions of people gaining health coverage under the Affordable Care Act, demand for nurses such as Reynolds is at a 20-year high, say industry analysts. That’s meant Reynolds has her pick of hospitals and cities when it’s time for her next assignment. And it’s driven up stock prices of the largest publicly traded travel-nurses companies, including San Diego-based AMN Healthcare Services and Cross Country Healthcare of Boca Raton, Fla. (Galewitz, 5/27)
