Center for Connected Medicine
Confronting Challenges and Harnessing the Internet of Medical Things for Value-based Care
The internet of medical things, or IoMT, is coming. Health industry leaders need to be ready if they want to harness the technology for value-based care.
It’s essential for the industry to confront challenges such as security, interoperability and analytics if the technology is going to meet its promise of helping to improve quality and reduce cost in health care.
With predictions calling for rapid growth in IoMT adoption, it is vital that health systems be prepared now. A recent report estimated 87 percent of health systems will have IoMT technologies deployed by 2019. The value of that market is expected to reach $163 billion by 2020, Markets and Markets has reported.
At the same time, concerns are rising about the vulnerability of internet-connected medical devices to cyberattacks. The FDA has pointed to security of medical devices as an area of focus and health systems must be able to manage and analyze the influx of data from IoMT if they want to derive value from the technology.
These topics will be front and center during an IoMT webinar moderated by Rasu Shrestha, MD, MBA, chief innovation officer at UPMC and executive vice president at UPMC Enterprises. The webinar is presented by the Center for Connected Medicine, an executive briefing center in Pittsburgh, Pa. that is committed to thought leadership on the future of digital health care.
“As care moves from bricks-and-mortar facilities to people’s homes, to their smart phone and their connected devices, care models will evolve from supply to demand-based systems, where 24/7 availability and ubiquitous digital data based interactions become the new norm,” Dr. Shrestha said.
“It is critical for us to ensure that we get ahead of the challenges around data and device interoperability, security and privacy, and new care models,” he said.
Dr. Shrestha was joined on the webinar – “Everything’s Connected: Harnessing the Internet of Medical Things for Value-based Care” – by three health IT thought leaders:
- Gregg Pessin, research director at Gartner
- Eric Rock, CEO of Vivify Health
- Tom Foley, director of global health solution strategy at Lenovo
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Cybersecurity: Health Care Takes on a Growing Challenge
Cybersecurity is moving to the top of the agenda for leaders of America’s health systems as hackers target weak hospital IT infrastructure in search of valuable patient data and payouts.
From high-profile data breaches at major health providers to a recent ransomware attack that affected more than a dozen National Health Service hospitals in the United Kingdom, the health care industry is increasingly looking to beef up security and get ahead of the hackers.
Cyberattacks targeting patient data jumped 300 percent between 2014 and 2016, according to a report from TrapX Security. The U.S. health care industry is spending an estimated $6.2 billion a year in fines and other costs related to health data breaches, according to the Ponemon Institute. In addition to data breaches, health systems have been hit by Distributed Denial of Service (DDoS) and ransomware attacks, which can slow or shut down vital health care infrastructure.
As attacks on the industry grow and, perhaps of more concern, evolve, internet of medical things (IoMT) devices also are becoming a bigger target. The vulnerability of IoMT is drawing greater scrutiny from IT professionals because internet-connected devices are proliferating in health care and have been harnessed to launch cyberattacks. And while there is no evidence that patients have been directly harmed by an exploited device, weak security measures remain a concern.
To aid the health systems in better understanding the risks and solutions of cybersecurity and IoMT, the Center for Connected Medicine, an executive briefing center in Pittsburgh, hosted a webinar exploring the threats and how the industry is responding. The webinar, the second in a two-part series focused on IoMT, was moderated by Rasu Shrestha, MD, MBA, chief innovation officer at UPMC and executive vice president at UPMC Enterprises.
“If there’s one constant topic in almost every board room discussion, it’s cybersecurity,” Dr. Shrestha said. “The time is now for the health care industry to rise to the challenge of not just staying a step ahead, but taking an aggressive, intelligent and proactive approach to managing cyberthreats and concerns across the board.”
For the discussion, Dr. Shrestha was joined by three cybersecurity thought leaders:
- Garrett Hall, Research Director, Cybersecurity and Implementation Services, KLAS
- Beth Musumeci, Vice President, Cybersecurity, GE Healthcare
- Rob Marson, Head of Strategy and Business Development, Security Product Unit, Nokia
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