We’re in an era where pharmaceutical companies can predict whether an individual will switch to a new prescription drug based on data captured from that person’s Twitter feed. But many life sciences organizations struggle to rapidly analyze the treasure trove of data they now have access to—and it’s holding them back from innovation.
As the threat and cost of ransomware attacks in life sciences rises, organizations face intense pressure to embed new controls that protect the integrity of their data, including patient data from clinical trials, electronic health records, physicians notes, etc.
Pharma and life sciences companies are placing big bets on digital innovation. Research by Gartner shows 85% to 90% of these companies expect digital transformation to advance performance, while 75% design digital technology platform teams with revenue-generating programs in mind.
Epic’s Community Connect program enables large healthcare systems with Epic EHRs to “share” their systems with independent and small-group practices. But there’s a lot to consider in selecting a host.
The business case for moving healthcare operations to the cloud is compelling. As artificial intelligence, machine learning, robotic process automation, and other innovations take hold in healthcare, the cloud offers virtually unlimited capacity to leverage these resource-intensive applications.
More than 60% of healthcare IT leaders say a key part of their organization’s digital transformation consists of transitioning their business operations to the cloud, according to a recent survey by Healthcare Triangle (HCTI).
By 2025, experts expect the healthcare cloud computing market to reach $64.7 billion as organizations seek to improve operational and clinical efficiencies. The business case for moving to the cloud is clear. To achieve digital transformation—which involves automation—the cloud is the best place to implement artificial intelligence, machine learning, robotic process automation, and more.
In October 2021, a ransomware attack compromised the insurance, diagnosis, treatment and other protected health information (PHI) of some 400,000 patients of a women’s health clinic in Los Angeles. The same month, hackers broke into the computer systems of a Florida-based healthcare network, compromising the PHI of some 1.3 million members.
Leading pharmaceutical companies and life sciences organizations around the globe are moving fast to revolutionize the way they do business. With dramatically increased spending and investment in digital transformation initiatives, these firms are focused on accelerating business growth and efficiency while minimizing costs.
Through and beyond the global pandemic, ensuring regulatory compliance and data security is critical for leaders across the accelerating healthcare and life sciences industries. Organizations dealing with a patient’s personal health information must meet the required regulations for protecting and securing the information to avoid data breaches. Working with a HITRUST certified vendor can assure partners and patients that their data is maintained with the highest level of security.
