ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Generative AI, Cybersecurity Among Top Risks for Healthcare Provider Organizations in 2025, Kodiak Solutions Finds

Kodiak Solutions identifies Top Risks that healthcare leaders should consider as focus areas for their internal audits in 2025

Overseeing the use of generative artificial intelligence, enhancing cybersecurity and ensuring compliance with a host of federal healthcare regulations headline the Top Risks health systems face in 2025, according to an annual study by Kodiak Solutions.

Kodiak Solutions develops its annual Top Risks list based on discussions with leaders of many of the largest U.S. hospitals and health systems, and risk assessments or audits at hundreds of hospitals, health systems, medical practices and other provider organizations.

“Our annual Top Risks report illustrates the wide range of risks that are keeping leaders of hospitals and health systems awake at night,” said Dan Yunker, senior vice president, risk and compliance, at Kodiak Solutions. “The ripple effects these risks can cause across a provider organization underscore the need for vigilance to keep problems from becoming entrenched in processes and systems.”

Generative AI leads financial/operational risks

Generative AI, machine learning and other forms of AI offer great promise to health systems to enhance efficiency, offer greater convenience to patients and reduce burdens on clinicians. The growing use of AI comes with many significant potential risks that must be avoided or mitigated. Internal auditors should consider audits in several areas to gauge their preparedness, including:

  • Quality and integrity of existing data sets
  • Cross-functional process development and oversight
  • Testing, governance, policies and legal frameworks for the use and fairness of generative AI
  • Resource training and support of AI-driven processes for adoption of safe and responsible use to ensure patient safety and security

Kodiak’s risk management experts also identified revenue cycle and workforce challenges as other financial/operational challenges that deserve heightened oversight.

Cybersecurity threats continue to rise

Hospitals, health systems and medical providers face rising cybersecurity risks directly to their own information systems and, increasingly, from their exposure to attacks made on their vendors. The Change Healthcare data breach, and resulting shutdown of payments for many healthcare providers, illustrated the significant financial losses that provider organizations can sustain during a third-party cyberattack.

Other information technology top risks identified by Kodiak Solutions also are related to cyberattacks. Business continuity capabilities are needed to aid in recovery from cybersecurity incidents. System access management and biomed device security are both aspects of preventing attacks.

Compliance risks in No Surprises Act, price transparency, 340B

Kodiak’s audits and discussions with leaders over the past year highlighted the growing, fast-changing compliance risks with the No Surprises Act, the 340B drug discount program and price transparency regulations. Failing to maintain compliance in any of these areas can lead to significant monetary penalties. In the case of the 340B program, poor compliance can lead to repaying discounts to drug makers and even expulsion from the program.

“Robust internal auditing serves as the last line of defense before small issues grow into large problems that can threaten the health of the enterprise,” Yunker said. “Internal auditing also provides the road map for enhancing training, policies and processes to ensure greater compliance going forward.”

To view Kodiak Solutions’ full report on the top management risks for healthcare in 2025, click here.

About Kodiak Solutions

Kodiak Solutions is a leading technology and tech-enabled services company that simplifies complex business problems for healthcare provider organizations. For nearly two decades as a part of Crowe LLP, Kodiak created and developed our proprietary net revenue reporting solution, Revenue Cycle Analytics. Kodiak also provides a broad suite of software and services in support of CFOs looking for solutions in financial reporting, reimbursement, revenue cycle, risk and compliance, and unclaimed property. Kodiak’s 450 employees engage with more than 1,900 hospitals and 250,000 practice-based physicians, across all 50 states, and serve as the unclaimed property outsourcing provider of choice for more than 2,000 companies. To learn more, visit our website.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.