Forensic Update

Reflections on information management within the legal and regulatory arena

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Posts Tagged ‘healthcare costs’

“Controlling your Data Avalanche” Webinar…

Posted by Johnny Lee on October 27, 2011

 

I am pleased to announce that I will join luminaries from Vedder Price, a prominent U.S. law firm, in a discussion on “Managing your Data Avalanche” on November 16, 2011.  This webinar will delve into strategies for satisfying an organization’s legal obligations associated with Records Retention, eDiscovery, Litigation Holds, and Data Privacy.

“All too often, companies approach their data management obligations reactively and in a piecemeal fashion. This need not be the case; in fact, companies can satisfy their legal obligations with greater certainty — and more economically — through comprehensive data management strategies.”

This Webinar will be of interest to General Counsel, Chief Compliance and Information Officers, and those with a key role in managing eDiscovery or litigation within an organization.  This Webinar will provide an overview of legal trends in data management, with a specific focus on social media, cloud computing, eDiscovery, litigation holds, and data breach preparedness and response.  We will discuss ways in which companies can better manage their data through proactive data-management strategies.

To register for this webinar, please click here.  (Login information and presentation materials will be sent to registrants prior to the webinar.)

Click to learn more about Grant Thornton’s Forensics, Investigations and Litigation practice.   Click to learn more about Vedder Price’s Records Management, eDiscovery and Data Privacy practice.

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Posted in Announcement, Computer Forensics, Data Governance, ECM, eDiscovery, Forensic Accounting, Information Security, Investigations, Litigation Hold, Privacy, Records Retention, Social Networking | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on “Controlling your Data Avalanche” Webinar…

Excellent Session with the IT GRC experts at annual ISACA Conference…

Posted by Johnny Lee on October 26, 2011

ISACA_ITGRC-LogoLast week, I had the pleasure of presenting to a lively audience at the world’s leading conference for IT governance, risk and compliance professionals. The event, hosted at the Ritz-Carlton Hotel in Orlando by the good folks at ISACA, brought together a panoply of experts in the auditing, compliance, privacy, and information security space.

I presented on the subject of Data Governance and Electronic Discovery, and how these concepts represent “flip sides of the same coin.” What was particularly rewarding for me was the level of interest and participation during our interactive case study. Thanks to all who attended and participated last week…I enjoyed myself immensely, and I hope that you found it a rewarding discussion.

Posted in Computer Forensics, Data Governance, ECM, eDiscovery, Fraud, Information Security, Investigations, Litigation Hold, Privacy, Records Retention, Social Networking | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Excellent Session with the IT GRC experts at annual ISACA Conference…

Forensic Update editor presenting at North American ISACA conference…

Posted by Johnny Lee on May 17, 2011

The world’s leading conference for IT audit, control, security and governance professionals holds its 2011 annual conference in Las Vegas. ForensicUpdate editor, Johnny Lee, will present on the topic of “Data Governance and eDiscovery: Good Faith, Bad Actors, and Questionable Data.”  Click here for more details.

Posted in Announcement, Computer Forensics, Data Governance, ECM, eDiscovery, Information Security, Investigations, Litigation Hold, Privacy, Records Retention, Social Networking | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Forensic Update editor presenting at North American ISACA conference…

Move to e-Records could increase claims and costs for Healthcare…

Posted by Johnny Lee on January 10, 2011

Electronic medical records have received a great deal of scrutiny in recent months, especially in light of sweeping changes from Washington coupled with mandates at the state level to automate healthcare delivery.  While the premise (and promise) of automation tends to focus on increased efficiencies and cost savings, the irony is that the implementation of electronic medical records (“EMR”) might actually cost providers (i.e., hospitals and medical practices) a lot more in litigation costs and liability insuranceat least in the short term.

According to a new report from Hartford-based Conning Research, underwriters are concerned that there will be a non-trivial increase in medical errors when EMRs are implemented.  This, in turn, will drive up both the number of claims and the related cost of defending same.

The report, entitled Medical Professional Liability in a Changing Health Care Environment, indicates that over 90% of providers have yet to implement EMRs (at least to the extent that would satisfy the federal “meaningful use” standards).   This statistic will change drastically in the coming years, given that ObamaCare intends to add over 30 million individuals to the “new insureds” ranks by 2014.  Providers will rush to adopt this new technology not because of the on-boarding of new insureds so much as the significant federal financial incentives that accrue to those adopting EMRs.

While the report indicates that errors are likely to trend downward over time, it is quite likely that claims could increase substantially as patients find fewer barriers to accessing their own health information and the treatments they receive.  This, combined with the fact that EMRs tend to have more information than their paper-based counterparts, will create a virtual bonanza for plaintiffs’ counsel that specialize in medical malpractice claims, as it will be that much easier to identify when treatments provided depart from recommended treatment protocols.

The ease of access to these eDiscovery “haystacks” (as well as the increased number of potential needles within them) might prove to be an ominous litigation trend facing providers for many years to come.  At a bare minimum, it certainly explains why insurers are twitchy with regard to the adoption of this technology.

 

See also: Electronic Records Don’t Improve Outpatient Care, Stanford Study Indicates

Posted in ECM, eDiscovery, Information Security, Privacy, Records Retention | Tagged: , , , , , , , , , , , , , , , , | Comments Off on Move to e-Records could increase claims and costs for Healthcare…

 
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