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Medical Economics Journal Security Incident

2025 264 days ago Resolved

Incident Overview

Situation Description

Medical practices face significant financial and operational risks in 2025 due to rising healthcare costs, declining reimbursements, employee burnout, and malpractice insurance challenges.

Event Types

Malware / Destructive Attack Technical Failure / Outage

Industry Sector

Healthcare

Geographic Scope

nan

Response Actions

Implemented Advanced Authentication Enhanced Third-Party & Supply Chain Risk Management Conducted Employee Training

Impact Analysis

Event Types (2 identified)

Malware / Destructive Attack Technical Failure / Outage

Financial Impact

$0 USD

Records Affected

Data Types Compromised

PII (Personally Identifiable Information) Operational / System Data

Primary Impacts

Financial Loss Operational Disruption Reputational Damage

Key Decisions Made

Practices should implement strong cybersecurity defenses and conduct vendor assessments to protect sensitive data.; Employee burnout can be mitigated through enhanced benefits and flexible work schedules.; Medical practices should engage in frank dialogue with malpractice insurers to manage premium increases and understand loss drivers.

Technical Analysis

Attack Method

Unknown

Additional Information

Advertisement News Article March 13, 2025 Medical Economics Journal Medical Economics March 2025 Volume 102 Issue 2 Pages: 32 The top risks practices will face in 2025 Author(s): Todd Shryock Key Takeaways Rising healthcare costs and declining reimbursements create financial challenges, driven by inflation, labor costs, and increased medication use. Rural hospitals face closure risks, but growing awareness of their importance may lead to protective measures. Employee burnout is a critical issue; enhanced benefits and flexible work schedules can help mitigate mental strain. Malpractice insurance markets face challenges with rising claim severity, necessitating proactive risk management and dialogue with insurers. Cybersecurity is vital, requiring strong defenses and vendor assessments to protect sensitive data from cybercriminals. SHOW MORE There are many risks practices face, but the right strategies can help minimize them. ad_stock - stock.adobe.com Medical practices face risks from almost every direction malpractice, natural disasters, declining reimbursements, rising labor costs in 2025. Any one of them could force a practice to close, and all of them combined present a daunting challenge for even the best practice leaders. But with the right strategies, a practice can protect itself and help move toward a positive financial future. Medical Economics spoke with Pete Reilly , practice leader at HUB International, to talk about what risks are trending and what practices can do about them. The transcript has been edited for brevity and clarity. Medical Economics : Health care costs keep going up and reimbursements keep going down. Whats driving this, and do you expect this trend to continue through 2025? Pete Reilly HUB International Pete Reilly: Well, to answer the latter part of your question do we expect it to continue based on what we know now? The answer is yes; the costs are increasing for a whole myriad of reasons. Inflationary pressures that impact...

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Quick Facts

Company:: Medical Economics Journal
Date:: 2025
Status:: Resolved
Decision Maker:: Pete Reilly
Position:: practice leader at HUB International
Published:: 13/03/2025

Source Information

Original Query

UnitedHealth Group quarterly earnings call transcript "Change Healthcare cyberattack"

View Original Source

Timeline

Information Published

13/03/2025

Incident Occurred

2025 (264 days ago)

Status: Resolved

Estimated resolution based on age

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