Partnership to optimise healthcare capital cycle end-to-end – Technologist

Healthcare systems have access to increasingly innovative new technologies that enable unprecedented connectivity between medical devices and capital equipment—directly affecting medical provider effectiveness and patient outcomes.

But with this broader connectivity comes more entry points for potential attackers, and capital decision-makers depend on up-to-date cybersecurity threat information to properly prioritise asset replacement and manage asset requests.

Yet many still lack a comprehensive strategy for incorporating medical device risk reduction into capital planning, which is increasingly concerning as cyber threats—and healthcare-industry data breaches that now average more than US$10 million per incident—continue to rise.

Hospitals must consider cyber risk when evaluating equipment purchases, maintenance, and device lifecycle management—including risk assessment, monitoring, and remediation.

“As security threats against healthcare systems continue to escalate, understanding and prioritising the current risk profile of each piece of connected equipment is critical for healthcare systems to avoid the kind of attacks that are costly to budgets and reputation,” said Peter Hancock, VP of global partnerships at Asimily.

Asimily announced plans to integrate its Internet of Medical Things (IoMT) risk management platform, with the CCM (Capital Cycle Management) solution from HANDLE Global to provide a single platform where healthcare system supply chain, security, and IT teams gain a holistic and always-current view of their organisation’s internet-connected assets.

This equipment visibility enables healthcare organisations to determine which assets or manufacturers are at risk of cybersecurity issues, and to track the status of cyber-related warnings and recalls.

Asimily uses AI-fuelled analysis to prioritise exploitable vulnerabilities and prescribe targeted, clinically-viable remediations—and identify when remediations are not possible and which assets may need to be replaced.

This critical information is dispatched to CCM to ensure that it is considered a key priority during the capital planning process and can empower a shift from reactive to proactive cybersecurity risk management.

CCM allows health systems to tailor priorities based on customisable risk thresholds for threats to cybersecurity, patient safety, product standardisation, and other factors provided by Asimily’s IoMT risk remediation platform.

“This integration with Asimily gives HANDLE’s CCM customers the ability to understand cybersecurity risks and precisely measure utilisation so they feel confident that they are making well-informed decisions about where to focus their capital spend,” said Kyle Green, CEO, HANDLE Global. “This is especially crucial as health system budgets continue to tighten and healthcare leaders are forced to make difficult budgeting decisions.”