A recent study found that the total average cost of a healthcare breach is $10.10 million. Can your healthcare practice afford a breach?
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Can your healthcare practice afford a breach? Most healthcare entities cannot.
Since 2020, healthcare breach costs have risen by 42%.
As we know healthcare breaches are incessant, it is important to understand trends.
The trends that have emerged over the past few years are:
Repeat attacks. Many healthcare…
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3 Things You Should Know About Irrevocable Trusts
A trust is an estate planning tool that allows a person to control their assets during their lifetime and make provisions for incapacity and death.
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One thing you should know about irrevocable trusts is that, unlike revocable or living trusts, irrevocable trusts cannot be changed or amended. They are set in stone.
A second thing that you should know about irrevocable trusts is that they have significant advantages, and also unique…
Spotify launches audiobook store with some 300,000 titles – Business News
Spotify launches audiobooks
The Associated Press – Sep 20, 2022 / 2:38 pm | Story: 386125
Photo: Contributed
The expanding audio books market has a major new retailer: Spotify.
On Tuesday, the music streaming service announced its long-rumored audiobook initiative, launching a store that includes more than 300,000 titles, including such popular works as Delia Owens’ “Where the Crawdads Sing,” Michelle Obama’s “Becoming” and Colleen Hoover’s “It Ends With Us.” Spotify has previously offered audio books on a limited basis, including JK Rowling’s “Harry Potter and the Sorcerer’s Stone” and such public domain novels as Mary Shelley’s “Frankenstein” and Jane…
Can I Terminate My Physician Employment Agreement?
Many of our physician clients are unaware of their termination rights prior to meeting with us.
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If you want to terminate your employment, the first thing you need to do is read your contract.
Most physician employment agreements have substantial termination provisions. You need to know what yours says regarding termination with and without cause, what notice is required, and what other provisions will be triggered by termination.
Many times, employment…
Healthcare and Data Tracking – Rickard & Associates
Recently, Facebook’s parent company Meta was fined by the European Union regarding its privacy policies and advertisement targeting.
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The recent decision in the EU may impact how Meta operates in the United States.
The ruling found that Meta violated the General Data Protection Regulation (GDPR) which provides individuals with the right to reject collection and processing of personal data for advertisement targeting.
Meta plans on appealing to the ruling.
In the…
Seaspan Shipyards names new CEO – Business News
Seaspan names new CEO
Jane Seyd / North Shore News – Sep 21, 2022 / 9:42 am | Story: 386261
Photo: Glacier Media
There’s been a changing of the guard at Seaspan Shipyards.
John McCarthy, chief program officer for the shipyard company for the past four years, is the new CEO and president.
McCarthy replaces former shipyards CEO Mark Lamarre, who is taking over as president and CEO of The Washington Companies, the parent company of both the shipyards, Seaspan’s marine barge and tugboat division and several rail, mining and construction companies based in the US
The Washington Companies announced…
New retirement bill means big changes for retirement and 529 plans
Big changes are likely coming for Americans’ retirement savings.
The changes, part of the Secure Act 2.0, were included in the sweeping end-of-year $1.7 trillion spending bill the Senate passed on Thursday.
The package’s future now rests in the hands of the House, which is expected to follow Friday’s suit. President Joe Biden is expected to sign the bill into law shortly after.
The new measures benefit Americans near and far away from retirement, although many provisions will not take immediate effect.
Included in the broad retirement package are measures to allow employers to count employees’ student loan payments toward…
Healthcare in 2023 – Rickard & Associates
Healthcare continues to change from day to day and year to year. Over the past few years, we have seen a tremendous amount of changes in the healthcare industry.
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Experts have stated that changes will continue in 2023.
Some of the changes we might see in 2023 include:
An increase in wearable medical devices. These can include things like personal health trackers, devices that can monitor blood pressure, and even devices…