Lloyd Price’s Post

'New regulations to help turn tide on health care cyberattacks' Lloyd Price, HealthTech M&A Advisor and Partner at Nelson Advisors tells Healthcare Business International he believes new Cyber Security regulations will provide a clear mandate to medtech manufacturers and suppliers to focus on meeting requirements. > However, he cautions that regulation won’t turn the tide on its own: “I think other factors such as SBOMs (software bill of materials), the increasing decentralisation of health care delivery via virtual wards, remote monitoring, and patient engagement overall will also play important roles. “SBOMs are a list of all the software components that make up a software product. They can be used to improve the security, quality, and efficiency of software development and maintenance. Every day, thousands more connected devices and medical devices are added to NHS networks in the UK, continually increasing the risk landscape for providers. > In the future it will be critical to understand the software components of all devices in order to mitigate the risks associated with a niche or widespread cyber-attack associated with one specific software component.” > Price is also concerned that the shift to home care and remote monitoring will present new cybersecurity challenges for the sector. “Virtual wards, which provide remote monitoring and care for patients outside of traditional hospital settings, present unique cybersecurity risks. Mergers, Acquisitions, Growth and Strategy for Healthcare Technology companies > HealthTech M&A - Buy Side, Sell Side, Growth & Strategy services for companies in Europe, Middle East and Africa. Visit www.nelsonadvisors.co.uk > HealthTech M&A Newsletter from Nelson Advisors - HealthTech, Health IT, Digital Health Insights and Analysis. Subscribe Today! https://lnkd.in/e5hTp_xb > Healthcare Technology Buy Side, Sell Side, Growth & Strategy services for Founders, Owners and Investors. Email lloyd@nelsonadvisors.co.uk > Healthcare Technology Thought Leadership from Nelson Advisors – Market Insights, Analysis & Predictions. Visit https://lnkd.in/ezyUh5i https://lnkd.in/ePDdXX4W

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐰𝐢𝐧𝐬 𝐜𝐚𝐧 𝐫𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐞 𝐎𝐧𝐜𝐨𝐥𝐨𝐠𝐲 – but we must navigate obstacles to the integration of Digital Twins into healthcare: 𝐃𝐚𝐭𝐚 𝐏𝐫𝐢𝐯𝐚𝐜𝐲: The sensitive nature of health information requires robust measures to protect against breaches and unauthorized access, necessitating advanced cybersecurity protocols and stringent data governance policies. 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤𝐬: Establishing guidelines that balance innovation with safety is crucial for the broader acceptance of this technology in clinical settings. 𝐂𝐨𝐬𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: While Digital Twins offer cost-effectiveness in the long run, the initial investment can be substantial. Healthcare systems need to find ways to manage these costs. Addressing these obstacles is crucial for realizing the full potential of Digital Twins in oncology. 𝐍𝐨𝐰, 𝐰𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐢𝐬 𝐦𝐞𝐚𝐧 𝐟𝐨𝐫 𝐲𝐨𝐮 𝐚𝐧𝐝 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐭𝐨𝐦𝐨𝐫𝐫𝐨𝐰? The best place for us to have this chat is at Healthcare Innovators Connect, an invite-only meeting to dive deeper into these groundbreaking developments! Our scientific team initiates conversations that drive healthcare evolution. We will give you this: exclusive discussions, access to industry leaders, and collaboration opportunities. 𝐃𝐫𝐨𝐩 𝐦𝐞 𝐚 𝐦𝐞𝐬𝐬𝐚𝐠𝐞 𝐟𝐨𝐫 𝐚𝐧 𝐢𝐧𝐯𝐢𝐭𝐞 𝐭𝐨 𝐨𝐮𝐫 𝐧𝐞𝐱𝐭 𝐬𝐞𝐬𝐬𝐢𝐨𝐧. 𝐀𝐥𝐥 𝐬𝐞𝐬𝐬𝐢𝐨𝐧𝐬 𝐰𝐢𝐥𝐥 𝐬𝐭𝐚𝐲 𝐢𝐧𝐯𝐢𝐭𝐞-𝐨𝐧𝐥𝐲. PS: If you've read this far, we know you're motivated to make impactful changes with us. #HealthcareInnovation #DrivePatientCare #HealthcareInnovatorsConnect #IPTLfromSingapore

Brijesh Mishrra, Director Sales, India and APAC, BluSapphire at the 13th Healthcare Innovation Summit and Awards 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 ➤ Globally, the healthcare sector generates 2.7 exabytes of data each year, with individual hospitals typically producing 50 petabytes annually. In today's digital landscape, data is the new currency, and data is the new oil, representing a significant asset for enterprises. However, it also poses a risk, as malicious actors could infiltrate networks, seize data, and demand large ransoms. ➤ The importance of cybersecurity in healthcare cannot be overstated. Hospitals house sensitive patient data, financial transactions, and intellectual property, so ensuring the security of these assets is paramount. ➤ Similar to other industries, the healthcare sector is subject to regulatory compliance and governance. Organisations must adhere to regulations such as HIPAA, which impose substantial fines for breaches. #EletsHIS Elets Technomedia

The healthcare industry is undergoing a major transformation, moving away from paper-based systems toward fully digital operations. While this shift brings significant benefits, it also introduces a complex challenge: ensuring data security while complying with strict regulations like HIPAA and HITECH. Healthcare organizations are now more dependent on IT than ever before, as managing HIPAA-compliant data centers becomes crucial to operations. This transition has placed a heavier burden on IT leaders in hospitals, clinics, and physician offices who must navigate the evolving and increasingly complex landscape of data security regulations. At Digitus, we understand the pressure that healthcare IT teams are facing. We provide cutting-edge solutions designed to protect sensitive patient information while ensuring your data centers remain fully compliant with HIPAA standards. Our biometric access control systems offer an extra layer of security, helping you stay ahead of regulatory requirements and prevent unauthorized access. As regulations continue to evolve, you need a partner that can help you adapt and safeguard your organization’s most critical assets—patient data. Let Digitus help you strengthen your data security strategy. Learn more at https://ow.ly/eeVL50Tx88p 💻🔐 #HealthcareIT #DataSecurity #HIPAACompliance #HITECH #Digitization #HealthcareTransformation #BiometricSecurity #DigitusBiometrics #DataProtection #HealthcareCompliance

Nelson Advisors Partner Lloyd Price sharing his thoughts with Martin at Healthcare Business International discussing Cyber Security in Healthcare, new regulation in Europe and the USA, SBOMs and Virtual Wards. 'New regulations to help turn tide on health care cyberattacks' Lloyd Price tells us he believes the new regulations will provide a clear mandate to medtech manufacturers and suppliers to focus on meeting requirements. However, he cautions that regulation won’t turn the tide on its own: “I think other factors such as SBOMs (software bill of materials), the increasing decentralisation of health care delivery via virtual wards, remote monitoring, and patient engagement overall will also play important roles. “SBOMs are a list of all the software components that make up a software product. They can be used to improve the security, quality, and efficiency of software development and maintenance. Every day, thousands more connected devices and medical devices are added to NHS networks in the UK, continually increasing the risk landscape for providers. In the future it will be critical to understand the software components of all devices in order to mitigate the risks associated with a niche or widespread cyber-attack associated with one specific software component.” Price is also concerned that the shift to home care and remote monitoring will present new cybersecurity challenges for the sector. “Virtual wards, which provide remote monitoring and care for patients outside of traditional hospital settings, present unique cybersecurity risks. While they offer benefits in terms of patient care and resource optimisation, in the future health care providers will need to address cybersecurity risks associated with virtual wards such as network security, device security, insider threats and regulatory compliance.” #CyberSecurity #DigitalHealth #HealthTech #Healthcare #Europe https://lnkd.in/enyWcyUf

Transforming Healthcare: Our Mission at Nexus Technologies At Nexus Technologies, we’re driven by a powerful mission: to revolutionize healthcare through advanced technology. Our focus on the healthcare sector is deliberate and passionate—because here, innovation can directly save lives, enhance patient experiences, and streamline care delivery. Here’s why we dedicate ourselves to healthcare: Improving Clinical Outcomes: Through our technology, such as data analytics and machine learning, we help healthcare providers make better, faster decisions that directly impact patient care and outcomes. Boosting Operational Efficiency: We specialize in solutions that automate time-consuming administrative tasks, allowing healthcare professionals to concentrate on what they do best—caring for patients. This leads to improved service delivery and reduced operational costs. Fortifying Data Security: In an era where data breaches are all too common, we prioritize ironclad cybersecurity measures. Our advanced protection strategies ensure that sensitive patient data is secure from threats, complying with stringent regulations like HIPAA and reinforcing trust with providers and patients alike. Supporting Telehealth Services: Our innovative platforms enable healthcare providers to offer telehealth services, expanding their reach to patients who cannot readily access traditional healthcare settings. This enhances accessibility and ensures continuity of care. Making an Impact: Ultimately, our commitment to healthcare is about creating a tangible impact. Each innovation, and each solution we deliver is a step toward a healthier future for individuals and communities. At Nexus Technologies, we’re not just adapting to the future but creating it in the healthcare sector. Join us on this journey as we continue to set new standards and transform lives with every innovation. #NexusTechnologies #HealthcareRevolution #InnovationInHealthcare #DigitalHealth

Sharing my thoughts with Martin at Healthcare Business International discussing Cyber Security in Healthcare, new regulation in Europe and the USA, SBOMs and Virtual Wards. 'New regulations to help turn tide on health care cyberattacks' Lloyd Price, HealthTech M&A Advisor and Partner at Nelson Advisors tells us he believes the new regulations will provide a clear mandate to medtech manufacturers and suppliers to focus on meeting requirements. However, he cautions that regulation won’t turn the tide on its own: “I think other factors such as SBOMs (software bill of materials), the increasing decentralisation of health care delivery via virtual wards, remote monitoring, and patient engagement overall will also play important roles. “SBOMs are a list of all the software components that make up a software product. They can be used to improve the security, quality, and efficiency of software development and maintenance. Every day, thousands more connected devices and medical devices are added to NHS networks in the UK, continually increasing the risk landscape for providers. In the future it will be critical to understand the software components of all devices in order to mitigate the risks associated with a niche or widespread cyber-attack associated with one specific software component.” Price is also concerned that the shift to home care and remote monitoring will present new cybersecurity challenges for the sector. “Virtual wards, which provide remote monitoring and care for patients outside of traditional hospital settings, present unique cybersecurity risks. While they offer benefits in terms of patient care and resource optimisation, in the future health care providers will need to address cybersecurity risks associated with virtual wards such as network security, device security, insider threats and regulatory compliance.” #CyberSecurity #DigitalHealth #HealthTech #Healthcare #Europe https://lnkd.in/e-5m2rQi

Digital transformation in healthcare has brought significant changes. One major tool is electronic health records (EHRs). EHRs have reshaped how patient data is managed. They allow for quick access to patient history. This leads to faster diagnoses and treatments. Healthcare providers can share data easily. This improves coordination among doctors. Patients also benefit from better care. However, there are challenges. Data security is a big concern. EHRs need to be protected from cyber attacks. Implementation costs are high. Some staff find it hard to adapt. Training is essential but time-consuming. Despite these issues, the benefits are clear. Healthcare is becoming more efficient. Patient care is improving with better data management. Looking ahead, I see more advanced tools coming. Artificial intelligence will further enhance EHRs. Telemedicine will become more common. The future of healthcare is digital. It holds great promise for better care. #100xLearners #Day28of30DaysChallenge #DigitalTransformation #SectorInnovation

🩺💻 In the world of healthcare, the efficiency and security of your IT systems are as crucial as the health of your patients. At Central Texas Technology Solutions, we understand that healthcare providers need IT systems they can rely on. Our Managed IT services are designed to ensure that your healthcare systems, from electronic health records to telehealth services, run smoothly and securely. Imagine a clinic where every aspect of patient care, including appointment scheduling, patient data management, and telehealth consultations, operates seamlessly. 🏥💡 With our proactive system monitoring and regular IT health checks, we prevent potential issues before they impact your patient care. This means fewer interruptions, more reliable services, and ultimately, happier patients and staff. Moreover, in an era where data privacy is paramount, our services guarantee that your patient's sensitive information remains secure and compliant with the latest healthcare regulations. 🔒📄 We constantly update our security measures to stay ahead of potential cyber threats, giving you peace of mind. But that's not all. Our team offers personalized support and quick response times to address any IT concerns you might have. 🚀🛠️ Whether it's upgrading your systems to accommodate new healthcare technologies or providing training to your staff on the latest IT tools, we’re here to support every step of your digital journey. So, if you're looking for IT services that go beyond just fixing problems and instead, contribute to the wellness of your healthcare practice, look no further. Let's ensure your IT systems are as healthy as the patients you care for. 🌟🩺 #HealthcareITWellness #ProactiveManagedIT #ReliableHealthcareTech #SecurePatientData #EfficientClinicOperations #CTTS #GeorgetownTX #RoundRockTX #AustinTX

Embracing Digital Transformation in Healthcare: In today's rapidly evolving healthcare landscape, digital transformation isn't just a trend; it's a necessity. Recent insights from the Forbes Tech Council highlight critical advice for health organizations aiming to navigate this complex journey. Prioritize Patient-Centric Solutions: Implement technologies that enhance patient experience and engagement. This can lead to better health outcomes and increased satisfaction. Invest in Interoperable Systems: Seamless data exchange across platforms is crucial for efficiency and informed decision-making. Leverage Data Analytics: Use data to drive insights and personalize care, improving overall service delivery. Ensure Cybersecurity: Protecting patient data is paramount. Robust cybersecurity measures are essential to maintain trust and compliance. Foster a Culture of Innovation: Encourage continuous learning and adaptability within your team to stay ahead in the digital age. At VyTrac, we're dedicated to helping healthcare organizations harness the power of digital transformation. Let's work together to create a more efficient, patient-focused future. Article: https://lnkd.in/eHc6XHfK #DigitalTransformation #HealthcareInnovation #PatientCare #HealthTech #DataAnalytics