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As discussed in this Newsletter Self-Study Lesson, data security breaches erode confidence in the healthcare system and can have serious regulatory implications. There are advantages and disadvantages, risks and rewards, to any data storage and security strategy. Healthcare finance executives should learn enough about the available technologies to be able to communicate with IT people about funding possible security enhancements.

Participants will read a recent article from HFMA's Strategic Financial Planning newsletter that spells out the pros and cons of some common data storage approaches and guides learners through the development of a master plan for investing in a new data storage solution. A second article uses two case studies to help show the differences between cloud storage and non-cloud storage.

After this Self-Study Lesson, You’ll Be Able To:

  • Identify common types of data storage.
  • Recognize the costs associated with maintaining data centers.
  • Distinguish the advantages and disadvantages of different data storage and security methods, including cloud storage, build-to-suit facilities, modular containers, and scale-out technologies.
  • Identify the key steps in putting together a master plan for investing in data storage and security.
  • Distinguish key encryption safeguards.
  • Identify federal regulations that need to be met when deploying any data storage and security method. 


Newsletter subscribers: Free
Non-subscribers: $55 

Get more with a subscription to any of HFMA's three newsletters: Revenue Cycle Strategist, Healthcare Cost Containment, and Strategic Financial Planning. A subscription includes print issues, online content, and access to self-study articles. Learn more—and subscribe.

Self-Study Lesson Information

  • CPE credits: N/A; HFMA newsletter self-study lessons are not eligible for CPE credits.
  • Designed for: Healthcare finance leaders interested in learning more about data storage and security so as to prevent data breaches and communicate with IT colleagues
  • Level: Beginning
  • Prerequisite knowledge: None
  • Instructional method: Self-study
  • NASBA field of study: Computer science
  • Course availability: This newsletter self-study lesson is available for purchase through Oct. 31, 2015. Once purchased, you’ll have one year to finish your lesson. 

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