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In the News

Florida Healthcare Provider Hit with $1.19M Penalty for Data Breach

December 9, 2024

A Florida pain management healthcare provider is facing a $1.19 million penalty from the U.S. Department of Health and Human Services due to a data breach involving unauthorized access by an independent contractor. This breach, which affected the electronic protected health information of approximately 34,310 individuals and led to the creation of around 6,500 fraudulent Medicare claims, occurred between September 2018 and February 2019. Investigations revealed that the contractor retained access to the provider's systems for six months after their termination. The Office for Civil Rights found that the provider did not conduct adequate risk analysis and lacked policies for regular review of ePHI access, resulting in significant security failures.

Florida Healthcare Provider Hit with $1.19M Penalty for Data Breach National Law Review

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Penn Medicine Partners with Cost Plus to Combat Drug Costs and Shortages

December 8, 2024

Penn Medicine has partnered with Mark Cuban's Cost Plus Drug Company to combat rising medication prices and ongoing drug shortages by purchasing the 100 most frequently dispensed medications from the Cost Plus Marketplace. This initiative, intended to provide more affordable access to essential drugs, comes as Penn Medicine operates 16 retail pharmacies that fill over 1.5 million prescriptions annually. The collaboration represents the third alliance formed with Cost Plus Drugs, joining ScionHealth and Community Health Systems. The Cost Plus Marketplace aims to enhance the availability of medications while CEO Kevin Mahoney noted that savings from eliminating generic medication mark-ups will be reinvested into innovative care solutions, though immediate cost reductions for patients may not be realized at the pharmacy level.

Penn Medicine Partners with Cost Plus to Combat Drug Costs and Shortages Becker's Hospital Review

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Amazon Unleashes Powerful AI Models and Chips, Slashing Costs by 75%

December 8, 2024

Amazon is advancing its position in the artificial intelligence sector with the launch of six new foundation models at the AWS re:Invent conference, offering 75% cost reductions and support for over 200 languages. The company also introduced its latest AI chips, Trainium2, which deliver quadrupled performance and a 50% cost savings compared to NVIDIA's offerings, alongside partnerships including one with Apple. Furthermore, Amazon unveiled Project Rainier, an initiative to develop one of the largest distributed AI supercomputing clusters using extensive Trainium chips to achieve significantly enhanced performance levels.

Amazon Unleashes Powerful AI Models and Chips, Slashing Costs by 75% LinkedIn

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NIST Unveils Updated Guidance to Enhance Cybersecurity Performance for Agencies

December 8, 2024

The National Institute of Standards and Technology (NIST) has published an updated edition of its guidance on measuring cybersecurity performance for government organizations, known as NIST Special Publication (SP) 800-55. This new version, comprising two volumes, assists agencies in assessing the effectiveness of their cybersecurity initiatives. Volume one focuses on identifying and selecting appropriate measures, emphasizing the evaluation of existing security policies, while volume two provides a framework for managing a cybersecurity measurement program that promotes communication among stakeholders. Key updates include enhanced guidance for quantitatively measuring cybersecurity outcomes and an expansion of the intended audience for the guidance.

NIST Unveils Updated Guidance to Enhance Cybersecurity Performance for Agencies GovTech

Read More

Florida Healthcare Provider Hit with $1.19M Penalty for Data Breach

December 9, 2024

A Florida pain management healthcare provider is facing a $1.19 million penalty from the U.S. Department of Health and Human Services due to a data breach involving unauthorized access by an independent contractor. This breach, which affected the electronic protected health information of approximately 34,310 individuals and led to the creation of around 6,500 fraudulent Medicare claims, occurred between September 2018 and February 2019. Investigations revealed that the contractor retained access to the provider's systems for six months after their termination. The Office for Civil Rights found that the provider did not conduct adequate risk analysis and lacked policies for regular review of ePHI access, resulting in significant security failures.

Florida Healthcare Provider Hit with $1.19M Penalty for Data Breach National Law Review

Read More

Penn Medicine Partners with Cost Plus to Combat Drug Costs and Shortages

December 8, 2024

Penn Medicine has partnered with Mark Cuban's Cost Plus Drug Company to combat rising medication prices and ongoing drug shortages by purchasing the 100 most frequently dispensed medications from the Cost Plus Marketplace. This initiative, intended to provide more affordable access to essential drugs, comes as Penn Medicine operates 16 retail pharmacies that fill over 1.5 million prescriptions annually. The collaboration represents the third alliance formed with Cost Plus Drugs, joining ScionHealth and Community Health Systems. The Cost Plus Marketplace aims to enhance the availability of medications while CEO Kevin Mahoney noted that savings from eliminating generic medication mark-ups will be reinvested into innovative care solutions, though immediate cost reductions for patients may not be realized at the pharmacy level.

Penn Medicine Partners with Cost Plus to Combat Drug Costs and Shortages Becker's Hospital Review

Read More

Amazon Unleashes Powerful AI Models and Chips, Slashing Costs by 75%

December 8, 2024

Amazon is advancing its position in the artificial intelligence sector with the launch of six new foundation models at the AWS re:Invent conference, offering 75% cost reductions and support for over 200 languages. The company also introduced its latest AI chips, Trainium2, which deliver quadrupled performance and a 50% cost savings compared to NVIDIA's offerings, alongside partnerships including one with Apple. Furthermore, Amazon unveiled Project Rainier, an initiative to develop one of the largest distributed AI supercomputing clusters using extensive Trainium chips to achieve significantly enhanced performance levels.

Amazon Unleashes Powerful AI Models and Chips, Slashing Costs by 75% LinkedIn

Read More

NIST Unveils Updated Guidance to Enhance Cybersecurity Performance for Agencies

December 8, 2024

The National Institute of Standards and Technology (NIST) has published an updated edition of its guidance on measuring cybersecurity performance for government organizations, known as NIST Special Publication (SP) 800-55. This new version, comprising two volumes, assists agencies in assessing the effectiveness of their cybersecurity initiatives. Volume one focuses on identifying and selecting appropriate measures, emphasizing the evaluation of existing security policies, while volume two provides a framework for managing a cybersecurity measurement program that promotes communication among stakeholders. Key updates include enhanced guidance for quantitatively measuring cybersecurity outcomes and an expansion of the intended audience for the guidance.

NIST Unveils Updated Guidance to Enhance Cybersecurity Performance for Agencies GovTech

Read More
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