PHI Security Statistics at a Glance
by Donna Koger, 3.8.18
Okay, if you’re still not protecting your PHI as well as needed, take a look at this:
Recent data shows:
- Healthcare - 2nd biggest contributing industry to overall breaches in 2017 with 334 breaches.
- 25% of patients impacted by healthcare provider data breaches between 2015 and 2017 – more than 6 million people – will subsequently become victims of medical identity theft.
- 16% will be victimized and pay out-of-pocket costs totaling almost $56 billion over the next five years.
- 2015-2019: Healthcare providers could lose $305 billion in cumulative lifetime revenue from patients impacted by identity theft.
If you are shocked at the above data, you may want to check out the PHI security guides on our HIPAA blog.