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MGMA Stat poll reveals having cyberinsurance is an industry standard

News Article - May 14, 2018

Business Operations Technology

The Medical Group Management Association’s most recent MGMA Stat poll asked healthcare leaders if their organization has cyber insurance. More than half of the respondents indicated that their organization has this coverage, most often citing that they have a new policy, are considering increasing their coverage or that it’s part of their malpractice coverage. It was also a common sentiment that the coverage is worth it, as the risk level is simply too high. Of the 22% who did not carry cyber insurance policies for their organizations, many did not know about it, plan to research the topic or are working to implement coverage. Ultimately, 20% of respondents were unsure about procuring cyber insurance for their practices, while 4% are considering it. 

The poll was conducted on May 8, 2018, with 1,352 applicable responses. MGMA principal consultant Pamela Ballou-Nelson, RN, MSPH, CMPE, PhD, Principal, MGMA Consulting, provides tips and suggestions in her article, Cyberinsurance is a good investment for healthcare organizations.

MGMA Stat is a national poll that addresses practice management topics, the impact of new legislation and related topics. Participation is free and available to all healthcare leaders. See results of other polls and information on how to participate in MGMA Stat.

Cyberinsurance Stat Poll
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