M&A, Cybersecurity Identified as Top Areas for Healthcare General Counsels

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A September 2015 Consero survey of general counsels (GCs) from mid-size to large U.S. hospital and health systems provides some interesting insight into the top issues facing legal departments.

Highlights include the following:

  • 94% of surveyed GCs said they are either involved or extremely involved in merger and acquisition activity.
  • The top five areas of focus for the coming months were M&A activity (36%); regulations/legislation (35%); cybersecurity/privacy (27%); litigation (24%); and compliance and ethics management (19%). Note: Multiple areas could be selected.
  • Cybersecurity/privacy was the top area of risk (39%) followed by HIPAA/HITECH compliance (36%); regulatory changes (33%); False Claims Act (22%) and antitrust risk (13%). Note: Multiple areas could be selected.
  • More than two-thirds of respondents did not believe their emergency preparedness plan covers all risk exposure adequately.
  • More than one-third of respondents said their health system had experienced a cybersecurity breach in the previous 12 months.

To receive an emailed link to download the report, fill out the form here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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