CEO Priorities from JP Morgan Healthcare 2021
Episode 914th January 2021 • This Week Health: News • This Week Health
00:00:00 00:05:41

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ealthcare, CEO priorities for:

If you wanna be a part of our mission, you can become a sponsor as well by sending an email to partner at this week in health it.com. Alright, and now on to today's story. I love the JP Morgan conference because it gives me a glimpse into 16 health system boardrooms. I hear from CEOs and CFOs on their past and in their future.

I take, uh, just copious notes and I'll, I'm gonna read through those notes several times over the next week. I try to not only deter, I try to determine the themes and the plans, not only from what they said, but also from just what you know, how they knit together, how, how you look at 16 different CEOs and what they said about the, uh, about the market, about, uh, healthcare in general.

And, uh, about regulatory and about other, other things that were popping up. And so when you see multiple health systems start to rise something up, you know that you're, you're seeing something that's gonna happen across healthcare, uh, and t Today, I really wanna mention a surprise new emphasis from the CEOs of these health systems.

2021 is gonna be the year of cybersecurity. It's finally going to become a top priority for healthcare. ? No. Really? No. No. Really, this is the year, it's, it's not that it wasn't a priority for health systems prior to this, but it, it really was a priority for the CIO and the, and the CISO for the chief information Security officer.

You know, they handled cybersecurity and still will, but they also handled board level conversations and it was usually part of a subcommittee of the board. And that is about to change, uh, you know, what are my data points? Well, obviously the JP Morgan conference is, is one of my . Primary data points for this story.

Uh, at the conference this week, there was a lot of executive talk about cybersecurity. Uh, definitely a lot more than at previous meetings. In fact, you know, one of the, one of the quotes that really floored me came from, uh, Dr. Steven Markovich, who's the president and CEO of Ohio Health. and uh, here, here's, I'll just give you the quote.

Here's the quote. It's been my experience that when you think about cyber, which is very, very important when you're going to get a cyber attack, it's when you're looking the other way. So we put that right at the top of our list and we had a high emphasis from the very start. And so that's, that's ACEO, that's Dr.

Steven Markovich, president and CEO of Ohio Health. You know, you have to love military guys. Dr. Markovich is a former mil military person, and he was trained to see the whole board identify the risk from all angles, not just the ones that you see directly in front of you, but the ones that are on the periphery.

Rod Hockman has published his:

ransom attacks. This, uh, in:

Uh, numbers, you know, we're probably gonna cover actually, we, we, I know we will cover on the News Day Show with Drexel Ford when he comes on, uh, this year, cybersecurity . Finally makes the scorecard, it's gonna be right next to safety, employee satisfaction and profitability. , you know, it, it makes sense, right?

Since there is a cyber war raging, we are finally gonna elevate this to the CEO priority level, and I wouldn't be surprised to see some incentives for CEOs moving forward that are gonna be tied. To cybersecurity. Uh, probably not only the CEO. Uh, obviously when incentives get handed to ACEO around cybersecurity, those will flow down into the organization.

bersecurity in healthcare for:

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