Under Attack: Cybersecurity and HIPAA Compliance Challenges Facing MSOs
As physician practices grow in size and complexity under management services organization (MSO) structures, their threat surfaces grow, and their vulnerabilities increase. As such, the likelihood and the harm of a cyberattack increase. A ransomware attack or breach not only impacts patient care but can also devastate the organization’s reputation and destroy long-term shareholder equity value.
With cyberattacks expected to triple in 2021, physician practice management groups (PPMGs) face an enormous business risk this year. Making the right investments in IT security could prove crucial to your ability to attract and retain patients and achieve your growth targets.