Lexis Nexis

In recent years the healthcare industry has undergone a digital revolution. The replacement of paper files with electronic medical records is just one aspect. Many medical procedures and devices now rely on digital technology. While this digital evolution has resulted in significant improvements in the efficiency and effectiveness of treatment, there continues to be pressure to actively manage costs as provider profit margins are forecast to fall by as much as 2% in 2019. As such, hospital executives are increasingly considering partnerships with medical technology companies to curtail costs and drive efficiency.1 On the other side of the coin, the use of websites and mobile applications has also made healthcare providers increasingly vulnerable to hackers. Data breaches, data manipulation and systems control are three of the biggest cyberthreats the healthcare industry is facing today.