Finding ways to implement and use new technology is something that hospitals want to focus on in the upcoming year, but few facilities seem to have a focus on tools for healthcare data security needs, according to a recent survey. Market research company peer60 found that more hospitals seem to be concerned about ICD-10 implementation and population health needs.
Approximately 1,000 hospital executive leaders and decision makers were surveyed, and nearly one-quarter said that they were planning on making a data security purchase in 2015. However, depending on an individual’s role within the hospital, opinions seemed to differ. Nearly 60 percent of surveyed CIOs said they would make a data security investment this year, while just over 50 percent of IT managers said they would do so.
The numbers began to drastically drop after that, with 30 percent of CIMOs saying they would make a data security purchase and approximately 25 percent of COOs and CEOs agreeing with that sentiment.
Credit: peer60
The report also found that there will be a large replacement market for healthcare data security products, as just 22 percent of respondents said that they would definitely be renewing their product this year. Fifty-five percent of those surveyed said they were unsure if they would renew their data security products, while 23 percent said that they would be leaving their current product.
Even with many hospitals saying that they are potentially looking into new data security products for 2015, the report showed that there is not currently a vendor that is dedicated to healthcare data security. Cisco is the largest vendor for hospitals with up to 500 beds, while McAfee is the top pick for hospitals with 501 to 1000 beds.
For total healthcare data security market share, Cisco accounted for 30 percent, while McAfee took 18 percent and VMware came in third with 15 percent of the total market share.
Over 58 percent of hospital leaders said their organization plans to address ICD-10 needs in 2015, which was the highest percentage brought up by respondents, according to the report. Moreover, 85 percent of those surveyed said they would be renewing with their current ICD-10 vendor. Just 4 percent said they would be leaving their vendor and 11 percent admitted that they were unsure.
The survey also found that population health management was a key concern for hospitals, as 50 percent of respondents said they would be selecting a new population health management solution this year. This category was also dependent on the institution’s size, as more than half of hospitals under 100 beds have not yet invested in any population health management technology. However, just 25 percent of hospitals with more than 1,000 beds have not yet made such an investment.
It is surprising that with healthcare data breaches on the rise and with medical identity theft becoming an increasingly larger issue that more hospitals are not looking to invest in new healthcare data security tools. There are numerous issues for providers, hospitals, and other covered entities to consider in 2015, but it is essential that healthcare data security and privacy needs are not forgotten.
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