The Black Market For Stolen Health Care Data

President Obama is at Stanford University today, hosting a cybersecurity summit. He and about a thousand guests are trying to figure out how to protect consumers online from hacks and data breaches.

Meanwhile, in the cyber underworld, criminals are trying to figure out how to turn every piece of our digital life into cash. The newest frontier: health records.

I grab a chair and sit down with Greg Virgin, CEO of the security firm RedJack.

"There are a lot of sites that have this information, and it's tough to tell the health records from the financial records," he says.

We're visiting sites that you can't find in a Google search. They have names that end with .su and .so, instead of the more familiar .com and .org.

After poking around for about an hour, we come across an advertisement by someone selling Medicare IDs.

We're not revealing the site address or name because we don't want the dealer to know we're watching.

According to the online rating system similar to Yelp, but for criminal sales the dealer delivers what's promised and gets 5 out of 5 stars. "He definitely seems legit" to the underworld, Virgin says.

The dealer is selling a value pack that includes 10 people's Medicare numbers only it's not cheap. It costs 22 bitcoin about $4,700 according to today's exchange rate.

Security experts say health data is showing up in the black market more and more. While prices vary, this data is more expensive than stolen credit card numbers which, they say, typically go for a few quarters or dollars.

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The Black Market For Stolen Health Care Data

Health care deadline this weekend

CHARLOTTE, NC (WBTV) -

Get ready - you only have the weekend left to sign up for health insurance under the Affordable Care Act.

The Obama administration says it should secure its target of just over 9 million people enrolled by February 15, the day open-enrollment ends for 2015 coverage.

Those without health care will face tax penalties.

H&R Block tax advisor Prentice Hardin says it's more than her clients expect right now. I don't think they realize the overall impact this may have, she told WBTV as she prepped for tax season.

And those penalties will go up for those that miss this weekend's deadline from about $95 per adult for the 2014 tax year to a minimum of $325 per adult without coverage for the 2015 calendar year.

But, buying insurance is getting more expensive too.

Former NASCAR driver Damon Lusk said he wanted to make the deadline to get insurance for his employees at his company, Race City Steel, but that premiums keep increasing.

It's just really hard to do that when you see these costs rising, he said. You have to know what you can afford and what you can't. It's definitely a shock to us how much things have increased.

Average monthly premiums across the country rose by 8 percent in federal market states, according to data the government released this week.

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Health care deadline this weekend

Health care law could make filing taxes complicated

NEWS

Deadline to enroll in ACA is Sunday

Posted YESTERDAY, 9:53 PM Updated YESTERDAY, 11:07 PM

SAN ANTONIO - This Sunday marks the last day to enroll in health care coverage in the open enrollment period, with this year being the first that the Affordable Care Act will have a presence in the federal income tax forms.

For most Americans, tax filings and health insurance should have little impact. But for those six or seven million Americans who bought health insurance through the federal marketplace in 2014 or who didn't have any health care coverage, this tax season may be more complicated.

Certified public accountant Jim Oliver said a person who bought health insurance through the federal market place needs at least two forms -- a 1095A and form 8962.

Ultimately, if they did not do the form correctly and they do owe more in credit to the IRS and they file their taxes later on, they could end up owing the taxes, possibly some late payment penalties and interest," said Oliver.

Community First Health Plans will be hosting an enrollment event on Sunday from 10 a.m to 5 p.m. at 1410 Guadalupe Street, Suite 222.

To enroll, you're asked to bring your Social Security number, date of birth, resident card, tax return and current health insurance, if you have any, as well as your username and password for healthcare.gov, if you have one.

For more information visit communityfirsthealth.gov.

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Health care law could make filing taxes complicated

Health data analytics firm Inovalon is Washingtons newest public company

Until Inovalon Holdings announced its intentions to go publicThursday, the Bowie-based company was a quiet player in a roaring industry.

The intersection of data and health has become a hot market in recent years as medical providers grapple with the duel challenges of improving care while reducing costs. Major technology companies, including IBM, Google and Oracle, have gotten into the game hoping that the industrys transformation will generate big profits.

But Inovalon has been there since 1998. Founded by a physician with an engineering background, the company collects data from hundreds of thousands of physicians and medical facilities across the country, then uses that aggregated information to help health care providers and insurance companies deliver better, more cost-effective treatment.

The volume of the data has never been so significant and the value of the data has never been so significant, said Keith Dunleavy, the companys founder and chief executive.

Inovalon became the Washington regions newest public company on Feb. 12, pulling in nearly $600 million after selling approximately 22.2 million shares at $27 each . The company trades on the Nasdaq Global Select Market under the ticker symbol INOV.

The stock price popped to more than $33 per share at the start of trading Thursday, but ultimately ended the day back at the $27 asking price. On Friday, the stock price closed at $29 per share.

Dunleavy said health care providers and insurance companies started moving toward pay for performance in the 1990s, motivated in part by changes to the government-backed Medicaid and Medicare programs. The trend saw compensation for medical providers increasingly tied to improving a patients health rather than merely treating them.

The approval of the Affordable Care Act in 2010 has pushed the broader health care industry further in that direction while expediting the adoption of electronic health records and other technology. For companies like Inovalon, that means more data than ever before.

The market forces, both capitalistic forces as well as regulatory forces, are really driving in that same direction, Dunleavy said.

As other companies look to gain a foothold in the market, Inovalon already boasts customers in all 50 states and Puerto Rico, Dunleavy said. The company plans to expand globally following Thursdays initial public offering and look for opportunities to apply its technology to other aspects of health care and related industries, he said.

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Health data analytics firm Inovalon is Washingtons newest public company

Assemblymember Gipson Urges People to Sign Up for Covered California – Video


Assemblymember Gipson Urges People to Sign Up for Covered California
(Sacramento) California State Assemblymember Mike Gipson (D-Compton) wants his constituents in the 64th Assembly District to know that affordable health care coverage is available to all...

By: AssemblyAccess

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Assemblymember Gipson Urges People to Sign Up for Covered California - Video

Manatee seeks options to extend health care trust fund

Published: Thursday, February 12, 2015 at 4:01 p.m. Last Modified: Thursday, February 12, 2015 at 4:01 p.m.

MANATEE COUNTY - With a fund to provide health care for the uninsured and working poor set to nearly run out by the end of the fiscal year, Manatee County leaders are debating where they can find money to keep it solvent including trying again to get a voter-approved sales tax.

By this fall, the trust fund which started with $45 million from the sale of the county hospital more than 30 years ago is likely to have just $158,000 left.

If it does not get a new infusion of cash, county commissioners and health care providers worry that many lower-income people will avoid doctor visits that could keep them healthy or be unable to get potentially life-saving care, such as surgeries for cancer.

With the clock ticking for the county to come up with a new strategy, the county commissioners on Thursday made a commitment to restore funding but did not resolve the issue of how.

The real question is where does the $9 million come from? Commissioner Larry Bustle said, presuming the county wants to restore annual subsidies from the trust fund at a previous level.

You have property tax, sales tax or nothing, Commissioner Carol Whitmore said. Whitmore said she cannot favor putting the burden solely on property taxpayers.

The only option I see is a sales tax, Commissioner Charles Smith said.

We'd better think about the people who hire us, Commissioner Betsy Baugh warned, noting that in a June 2013 referendum voters rejected a half-cent sales tax to replenish the diminishing trust fund.

You didn't market it well, Smith, who was elected last fall, told other commissioners regarding the referendum's failure. The public will buy into something that makes sense... Do we have the backbone to do what's right?

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Manatee seeks options to extend health care trust fund

Gulf Countries Migrant Workers: Health Care Providers Are Mostly Foreigners In Saudi Arabia And Neighboring Countries

As droves of migrant workers sweat and die on construction sites and in homes in the wealthy countries of the Arabian Peninsula, a different army of expatriates is quietly laboring away in those countries hospitals and clinics. They are the main providers of health care to populations with blossoming rates of obesity, diabetes and other chronic medical problems.

Saudi Arabia, where 76 percent of physicians are expatriates, and other countries in the Persian Gulf region have few doctors and nurses of their own. A recent report described Middle Eastern countries as heavily dependent on expatriate health care workers, and as rates of chronic diseases in those countries continue rising, some worry that maintaining a medical workforce of expats will be unsustainable in an increasingly burdened health care system. These concerns are especially relevant in a region where at least 30 percent of the population is between the ages of 15 and 29 and leading lifestyles that are increasingly unhealthy, marked by high rates of smoking and growing levels of childhood obesity, all of which could lead to costly health conditions in the near future.

If Gulf countries want to lower their rates of chronic diseases, you cant address that alone by just bringing more people here, because theres an issue of sustainability, saidDr. William Hsu, who leads a team at the Joslin Diabetes Center. The Boston research center is addressing diabetes in the region by working with countries in the Gulf Cooperation Council (GCC), a bloc comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.You have to sustain a workforce in your country, incentivize, encourage the next generation.

Unemployment in Saudi Arabia stood at 11.5 percent at the end of 2013, but for Saudi youth, or those between the ages of 16 and 29, its far higher, at29 percent. There are a lot of people who are not working but have the potential to be trained, Hsu said, yet theyre employing lots of expat workers, physicians and nurses.

Dependency Issues

Over the past half century, countries in the Gulf region rapidly became wealthy with the discovery, production and exportation of oil. As money poured in, state economies developed and cities modernized. Mere generations ago, those in the region survived a harsh desert environment on little food; today, fast-food restaurants offer home delivery. But other sectors, like labor and health awareness, did not develop at the same pace.

With the new wealth, everything changed, Hsu said. From a biological standpoint, people who survived in truly sparse conditions had to be genetically predisposed to holding on to calories. Now take those genes and put them in an environment of plenty, a virtually limitless amount of food and calories, he said.

In Kuwait, 42.8 percent of the population is obese. Other Gulf nations are not far behind, with 35.2 percent of Saudis and 33.1 percent of Qataris also grappling with obesity. Regional obesity has been tied togreater consumption of fast foods and sugar-saturated beverages like soda, along with poor exercise habits. The region also is facing a diabetes epidemic, with an estimated 20 percent of the population suffering from the disease. Kuwait, Saudi Arabia and Qatar are among the top 10 nations with the highest rates of diabetes. By 2035, nearly 68 million people in the region are expected to have diabetes.

The six countries that make up the GCC have 10 times as many doctors and nurses per 1,000 people as some of the worlds most impoverished nations, like Afghanistan, Sudan or Yemen. But 75 percent of these physicians and 79 percent of nurses are not nationals from the countries in which they work, according to apolicy briefon health worker migration in the GCC published by the Aspen Institute. These statistics are in spite of nationalization programs aimed at injecting local, not expatriate, labor into the workforce. In 2001, after 20 years of Saudization, only 21.7 percent of physicians in Saudi Arabia were Saudi nationals.

Instead, health care workers come from just about everywhere else Asia, Africa, Western Europe or North America. Eight hundred doctors emigrate from Sudan every year, the brief estimated, with 70 percent going to Saudi Arabia and 25 percent heading to other Gulf countries. The brief estimated that in 2020, Saudi Arabia will need to hire 32,660 doctors from outside the country.

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Gulf Countries Migrant Workers: Health Care Providers Are Mostly Foreigners In Saudi Arabia And Neighboring Countries

How Cubas Health Care Sector Aims to Gain a Greater Foothold

This report was produced by Knowledge@Wharton in collaboration with TTR Transactional Track Record.

Routinely touted as the greatest achievement of the Cuban Revolution alongside universal education, Cubas health care system has extended beyond the islands shores to represent one of the countrys biggest exports. Professional services carried out by Cuban doctors and nurses who number some 37,000 working in 77 countries are generating foreign exchange to the tune of $8 billion a year, Cuban officials say.

Cuban doctors and nurses are dispatched in medical brigades to far-flung countries ravaged by war and disease that are ill equipped to face humanitarian crises without external support, including earthquake-shattered Haiti and Ebola-stricken Liberia.

Cuban health workers are also sent to nations in Africa, Asia, Latin America and the Caribbean that lack sufficient medical professionals to meet their own needs. These countries compensate Cuba with oil (in the case of Venezuela), good-will and cash. Venezuelas late president, Hugo Chavez, signed an agreement with Fidel Castro in 2000 to fund 43 medical centers in Cuba that attend to Venezuelan patients free of charge. Cuba, meanwhile, stations 31,000 medical professionals in the South American country and receives oil in return.

Cuba has a long tradition of training students from across the world in 16 medical schools scattered across the island. These students have typically been sponsored by United Nations programs or by their home governments, or are recipients of scholarships granted directly by the Cuban government. Even American citizens from low-income communities have been offered scholarships to study at Cuban medical schools, in exchange for a commitment to return to practice in underserved communities.

The nations medical facilities are, by and large, better equipped than hospitals in neighboring countries of the Caribbean, and

If there were any doubt about the level of training provided in the countrys medical institutions, foreign dignitaries dont share it; many frequently seek out Cuban doctors, some of whom are also professors at the countrys medical schools, to perform specialized procedures.

With modest investment, observers say, Cuba could attract more students and trainees from hospitals and managed care providers in the U.S.

Rodrigo lvarez Cambras, director of the International Orthopedic Complex Frank Pais on the outskirts of Havana, for example, was asked to operate on Saddam Husseins spine and treated Iraqs late leader over the course of nearly two decades. lvarez notes that U.S. policy is encouraging the same brain drain of Cuban doctors today as it did after the 1959 revolution, when about half the countrys 6,000 doctors fled. Despite the fact that the number of doctors on the island has multiplied more than tenfold since the start of the revolution, lvarez says he doubts Cuba will willingly supply medical professionals to the U.S. market as long as doctors from the country are being actively encouraged to defect under the Cuban Medical Professional Parole (CMPP) Program.

The CMPP program was established in 2009 by the U.S. State Department and Department of Homeland Security. It allows Cuban doctors, nurses, paramedics, physical therapists, lab technicians and sports trainers working in third-world countries to apply for U.S. entry simply by proving their Cuban citizenship and medical credentials at any U.S. embassy or consulate.

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How Cubas Health Care Sector Aims to Gain a Greater Foothold

Providence Health Care begins to reap ACA benefits

Amid the turbulent ongoing statewide and national debates over health care policy and the implementation of the Affordable Care Act last year, Elaine Couture, CEO of Providence Health Care, remains optimistic that the complex law will push health care providers to focus on positive patient outcomes and operate more efficiently overall.

Couture says Providence, the Spokane-based nonprofit network of hospitals, physician clinics, and other health care organizations and programs, is flourishing, at least in the initial stages of ACA implementation, in part because of the increasing number of insured patients the law has produced

Couture says Providence has seen an increase in the number of patients at its facilities, as well as a decrease in the number of uninsured patients.

It also has improved access by growing the number of Providence Medical Group physicians and advanced practice clinicians from about 50 five years ago to more than 550 today, at more than 50 clinics in Spokane and Stevens counties. Providence, one of Spokane Countys largest employers, has nearly 7,400 employees in Spokane and Stevens counties.

The health care network has seen a significant increase in its number of patient visits at Providence Medical Group clinics to nearly 625,000 in 2014 from 453,000 in 2013.

The network includes three urgent-care locations in Spokane County that are part of its effort to shift care to locations outside of the hospital.

With expanded urgent-care facilities, Providence nearly has tripled the number of patient visits to those facilities over two years. Nearly 62,000 patients visited its three urgent-care clinics in Spokane in 2014, up from about 23,000 patient visits at two clinics in 2013 when it added its third clinic, Couture says.

Net operating revenue has increased as well during the past two years. In 2014, Providence Sacred Heart Medical Center & Childrens Hospital, the largest hospital in the network, had total net operating revenue of $790 million, up from $731 million in 2013. Providence Holy Family Hospital reported total net operating revenue of $186 million last year, up from $176 million in 2013. Providence Medical Groups total net operating revenue was $159 million, up from $135 million in 2013.

As patient numbers have risen, the percentage of patients paying for care out of their own pockets has declined. At Sacred Heart, Couture says, 1.2 percent of all patients last year paid for their own care, down from 3.3 percent in 2013.

At Holy Family, the percentage of self-pay patients, fell to 2.5 percent last year from 6.7 percent the previous year.

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Providence Health Care begins to reap ACA benefits

Health Care Sector Update for 02/12/2015: MDWD,INCR,ACHN

Top Health Care Stocks

JNJ -1.65%

PZE +1.93%

MRK +0.36%

ABT +0.12%

AMGN +0.01%

Health care stocks were narrowly higher, with the NYSE Health Care Sector Index rising just 0.1% and shares of health care companies in the S&P 500 climbing 0.2% as a group.

In company news, MediWound Ltd ( MDWD ) slumped Thursday after this morning reporting a wider Q4 net loss than analysts had anticipated despite the first substantial sales of the company's NexoBrid burn care products.

Net loss during the three months ended Dec. 31 grew to $7.12 million, or $0.33 per share, from just $736,000 during the same quarter last year and trailing the Capital IQ consensus looking for a $0.26 per share loss.

The company said the Q4 deficit was in-line with its expectations as it expanded its commercial organization and marketing infrastructure. Also adding to the shortfall was the start of Phase III testing of NexoBrid in pediatric patients and a Phase II study of its EscharEx enzyme treatment for hard-to-heal wounds.

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Health Care Sector Update for 02/12/2015: MDWD,INCR,ACHN

Is it time for a revolution in health innovation? Dean Clay Johnston, Jan 23, 2015 – Video


Is it time for a revolution in health innovation? Dean Clay Johnston, Jan 23, 2015
Texas Enterprise Speaker Series, McCombs School of Business, University of Texas at Austin, January 23, 2015 Clay Johnston, M.D., Ph.D., the inaugural Dean of the Dell Medical School at The...

By: UTMcCombsSchool

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Is it time for a revolution in health innovation? Dean Clay Johnston, Jan 23, 2015 - Video