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

Originally Published in Lexology | January 21, 2016 | By Geoffrey C. Cockrell

Screen Shot 2016-01-23 at 7.55.36 AMA 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.

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