---
title: "5 By 5: Cyber Insurance Saves Millions"
description: In our third installment in the 5 By 5 series breaking down data on healthcare, we look at what it costs when hospitals try and save money on tech.
image: https://www.z5inventory.com/hubfs/Blog%20Header%20-%205%20by%205%203.jpg
---

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# 5 By 5: Cyber Insurance Saves Millions

[Alex Diamond](https://www.z5inventory.com/blog/author/alex-diamond)

 12/2/2019

![Blog Header - 5 by 5 3](https://www.z5inventory.com/hs-fs/hubfs/Blog%20Header%20-%205%20by%205%203.jpg?width=774&name=Blog%20Header%20-%205%20by%205%203.jpg)

This is Part 3 of our series [**5 By 5**](https://www.z5inventory.com/blog/topic/5-by-5), which examines all the ways that data informs us about healthcare and some of the ways it hinders us. 

In this edition, we're looking at the high cost of healthcare's outdated technology.

Methodist Hospitals was the latest (sadly, probably not the latest by the time this blog goes live) to allow [unauthorized access to their patients' data](https://www.modernhealthcare.com/technology/indiana-hospital-system-notifying-patients-after-data-breach). So let's look at that side of tech first. 

**$4 Billion**  
will be [shelled out over data breaches](https://healthitsecurity.com/news/data-breaches-will-cost-healthcare-4b-in-2019-threats-outpace-tech). Just in 2019. Just in healthcare. Which is pretty discouraging. 

**31%**  
of organizations do not know their [options when it comes to cyber insurance](https://www.ciodive.com/news/what-industry-gets-wrong-about-cyber-insurance/566080/). Or even what it is. (The short version is: these insurance policies help organizations recover from a breach or other security failure. Maybe that helps flip you to the other side of the statistic.) 

**47%**  
of consumers believe that [technology is key to transforming healthcare](https://www.beckershospitalreview.com/consumerism/84-of-consumers-agree-technology-can-empower-people-to-solve-healthcare-challenges.html). But how will hospital tech become revolutionary if it cannot meet the most basic standards of usability? 

**F**  
(though not traditionally considered a number) is the [grade given to EHRs](https://www.modernhealthcare.com/information-technology/physicians-score-ehrs-f-usability-study-finds) on a recent survey of usability. F is failing. Specifically - in this case - it means that EHRs scored a 45 out of 100 for usability. And that they scored in the bottom 9% of all technologies. 

**52%**  
of consumers would like to see [voice assistants used more in healthcare](https://www.managedhealthcareexecutive.com/news/report-analyzes-intersection-voice-assistants-and-healthcare). Because that's a technology that's relatively well-tested and well-liked. It's natural to use and convenient. 

So why isn't more of healthcare like that? 

 

We can - and do - guarantee that [our tech solutions](https://www.z5inventory.com/solutions) to healthcare's supply chain problems [are secure](https://www.z5inventory.com/blog/5-ways-to-strengthen-your-healthcare-cybersecurity). We can - and do - also guarantee that it will save hospitals real, measurable dollars. 

So why isn't more of healthcare [jumping on that](https://www.z5inventory.com/contact)? 

 

More numbers in two weeks. Come back then. We’re counting on you.

 

 

[selling medical inventory](https://www.z5inventory.com/blog/topic/selling-medical-inventory) [supply chain](https://www.z5inventory.com/blog/topic/supply-chain) [supply chain management](https://www.z5inventory.com/blog/topic/supply-chain-management) [medical supply](https://www.z5inventory.com/blog/topic/medical-supply) [digital supply management](https://www.z5inventory.com/blog/topic/digital-supply-management) [survey data](https://www.z5inventory.com/blog/topic/survey-data) [healthcare inventory](https://www.z5inventory.com/blog/topic/healthcare-inventory) [buying medical inventory](https://www.z5inventory.com/blog/topic/buying-medical-inventory) [healthcare data](https://www.z5inventory.com/blog/topic/healthcare-data) [patient data](https://www.z5inventory.com/blog/topic/patient-data) [5 by 5](https://www.z5inventory.com/blog/topic/5-by-5)

## Leave a Comment

## Related Posts

### [11/19/2019 5 By 5: The High Cost of Provider Size](https://www.z5inventory.com/blog/5-by-5-part-2)

### [7/2/2019 What The 5 in Z5 Stands For - Our Core Values](https://www.z5inventory.com/blog/what-the-5-in-z5-stands-for-our-core-values)

### [11/5/2019 5 By 5: Data On Healthcare's Customers](https://www.z5inventory.com/blog/5-by-5-part-1)

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