Ransomware targets healthcare industry the most: 4 things to know

For the second consecutive year, healthcare was the sector hardest hit by cyberattacks, according to Cylance's 2017 Threat Report released May 1.  In its report, Cylance — a cybersecurity firm that uses artificial intelligence to protect against threats — reviewed attacks that affected its global customer base, which spans multiple industry sectors, in 2017. Read [...]

By |2018-05-07T10:55:09+00:00May 7th, 2018|Business, Regulatory|Comments Off on Ransomware targets healthcare industry the most: 4 things to know

Orangeworm hackers exploit legacy imaging software in healthcare assault

A new report says that the Orangeworm cadre is taking aim at the medical sector in the U.S., Europe and Asia. The attackers are using the Kwampirs backdoor – technically installing Trojan.Kwampirs inside the computer networks of targeted organizations. Read ore here.

By |2018-04-28T07:00:13+00:00April 28th, 2018|Business|Comments Off on Orangeworm hackers exploit legacy imaging software in healthcare assault

At HIMSS, lessons from the front lines of the WannaCry cyber attack

The date was Friday, May 12, 2017, the first of four days that saw more than 300,000 computers worldwide infected by the WannaCry Ransomware attack. “Because of our position [healthcare] and because of the way we have elaborated our infrastructure not to keep up with sectors like banking, we have become targets, accidental targets,” Kristopher [...]

By |2018-03-22T18:47:18+00:00March 22nd, 2018|Business|Comments Off on At HIMSS, lessons from the front lines of the WannaCry cyber attack

Philips inks deal with Hologic for mammography equipment

Philips and Hologic have announced a worldwide partnership agreement.  The deal will provide integrated services for women patients by bringing together Hologic's mammography technologies and Philips' portfolio of ultrasound, MR, CT, and X-ray systems and advanced informatics – as well as maintenance, upgrade, training and operational performance management. Read more here.

By |2018-03-22T18:46:32+00:00March 22nd, 2018|Business|Comments Off on Philips inks deal with Hologic for mammography equipment

Siemens Healthineers raises $5.2B with IPO

Siemens’ healthcare division, Siemens Healthineers, began trading on Germany’s stock exchange Friday, raising $5.2 billion (4.2 billion euros) by selling 15 percent of the company. Shares of were issued at 28 euros each but opened at 29.10 euros each. The initial public offering (IPO) has been in the works for months, with numerous reports indicating [...]

By |2018-03-22T18:45:27+00:00March 22nd, 2018|Business|Comments Off on Siemens Healthineers raises $5.2B with IPO

Congress delays medical device tax for two years

WASHINGTON — Almost no one got everything they wanted out of the Monday deal to reopen the government — except perhaps medical device companies, who managed to fend off an industry-wide excise tax before the first payments were due.   The stopgap spending deal that was signed by President Trump on Monday included a two-year delay of the 2.3 percent [...]

By |2018-01-25T10:18:12+00:00January 25th, 2018|Business, Government|Comments Off on Congress delays medical device tax for two years

Siemens Tees Up Health-Care IPO in One of Biggest European Deals in Years – Listing is part of CEO’s efforts to focus company on narrower field of profitable businesses

Siemens AG, the German engineering conglomerate, is readying the most significant step yet in its years long restructuring: the listing of a big chunk of its health-care business, estimated to be worth up to $47 billion.  Siemens isn’t likely to set the exact size of the IPO yet but is targeting listing a slice of between [...]

By |2017-12-21T16:29:19+00:00December 21st, 2017|Business|Comments Off on Siemens Tees Up Health-Care IPO in One of Biggest European Deals in Years – Listing is part of CEO’s efforts to focus company on narrower field of profitable businesses

The United States health care spending has increased by nearly $1 trillion in the past 20 years, a new study finds.

Health care spending on outpatient care rose 85 percent between 1996 and 2013, largely due to increasing use of services, the study found. Spending on inpatient care grew 59 percent because of increases in price and service intensity. Read more here.

By |2017-11-13T16:02:48+00:00November 13th, 2017|Business|Comments Off on The United States health care spending has increased by nearly $1 trillion in the past 20 years, a new study finds.

Siemens selects three banks for Healthineers IPO

Siemens appears to be readying itself for an IPO of its Healthineers, as three banks have been tapped to lead the organization of the public offering effort. Read more here.

By |2017-10-26T06:09:36+00:00October 26th, 2017|Business|Comments Off on Siemens selects three banks for Healthineers IPO

Third-party Maintenance Providers: An Unfulfilled Potential for Patients and Paymasters

Diagnostic Medical Imaging (DI) is part of the broader market of “medical devices”. It has revolutionised healthcare over the years by enabling doctors, specifically radiologists, to diagnose diseases early, and with certainty. Equipment is typically divided into complex high-end machines such as CT and MRI scanners, and technically simpler devices such as ultrasound scanners. These [...]

By |2017-07-19T06:28:04+00:00July 19th, 2017|Business, Medical, Used Medical Equipment|Comments Off on Third-party Maintenance Providers: An Unfulfilled Potential for Patients and Paymasters
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