(Reuters) – Facebook Inc’s <FB.O> privacy practices were cleared by auditing firm PricewaterhouseCoopers LLP in an assessment completed last year of the period in which data analytics consultancy Cambridge Analytica gained access to the personal data of millions of Facebook users. Facebook had established and implemented a comprehensive privacy programme and its privacy controls were operating with sufficient effectiveness to provide reasonable assurance to protect the privacy of covered information, PwC said in a report submitted to the Federal Trade Commission (FTC) dated December 2017 on the FTC website https://bit.ly/2JcezvB. The report was an assessment of the period from Feb. 12, 2015 to Feb. 11, 2017. The Wall Street Journal earlier reported on Thursday on the PwC assessment submitted to the FTC. PwC declined to comment when contacted by Reuters. Facebook has been under scrutiny from lawmakers across the world since disclosing that the personal information of … [Read more...] about PwC had cleared Facebook’s privacy practices in leak period
Pwc data analytics
THE PROGNOSIS President Donald Trump shakes hands with House Speaker Paul Ryan as he celebrates with congressional Republicans after Congress passed sweeping tax overhaul legislation in December. REUTERS/Carlos Barria/File Photo Health-care industry giants are sitting pretty this year with extra cash from the GOP tax overhaul — but they’re also sitting tight. Companies have been less aggressive on the consolidation front than analysts say they had anticipated in the four months since Congress lowered corporate tax rates in a sweeping overhaul, freeing up overseas cash and reducing tax bills for pharmaceutical makers, life-sciences companies and health insurers. “We’ve seen [mergers and acquisitions] roll out slower than expected,” said Ben Proce, pharmaceutical and life sciences tax leader for the firm PwC. “Prices could be on the high end, but given the liquidity unlocked here, we think it’s more a matter of time than anything … [Read more...] about The Health 202: Health industry giants get tax windfall. But it’s unclear how it will be used.
In an attempt to further its goal of creating a more transparent, patient-centric health care delivery system, the Centers for Medicare & Medicaid Services (CMS) recently released data related to Medicare provider charges for certain inpatient hospital services and outpatient procedures. These releases have sparked substantial discussion in various industry and political circles surrounding the actual usefulness of the data released. While the usefulness of the raw data may be subject to debate, in combination with other metrics and quality scores, the data and further transparency will force providers to react, as quality of care and efficiency are linked to payment. CMS has collected information related to these charges for years, it only recently decided to make these data public. In releasing the hospital inpatient data, Department of Health & Human Services (HHS) Secretary Kathleen Sebelius explained, “Currently, consumers don’t know … [Read more...] about How Important is Centers for Medicare & Medicaid Services’ (CMS) Recent Release of Hospital Inpatient and Outpatient Charges Data?
With increasing customer demand for digital functionality, companies find themselves relying more on third parties to provide the necessary technological support and expertise. In a 2015 report, Significant Others: How Financial Firms Can Manage Third Party Risk, PricewaterhouseCoopers (PwC) tackles how financial institutions are adapting to this changing landscape. As the report explains, there is broad exposure to this risk in the industry: “[i]n today’s environment, it would be nearly impossible to find a financial institution that doesn’t contract with third parties to perform many essential functions.” This high exposure brings high costs, from service interruptions and security breaches to the mishandling of customer data and regulatory violations. Because financial institutions exist in a highly regulated industry, it is difficult to skirt responsibility for the acts of third parties. According to PwC’s report, “[r]egulators have … [Read more...] about Financial Institutions and Third-Party Risk Management
21st Century Cures Remains Top Bi-Partisan Priority for 2015: House Energy and Commerce Committee Chairman Fred Upton (R-MI) reiterated his intent to push for a bi-partisan 21st Century Cures Initiative bill in early 2015. Rep. Upton recently remarked that the bill(s) would be on the House floor for a vote before Memorial Day and on the President’s desk by the end of next year. Upton’s timeline includes outreach to the Senate in December and a discussion draft introduced as early as January in the new Congress. Foreshadowing components of the legislation, Upton said the bill could contain additional research funding for the National Institutes of Health (NIH), provisions to further drug and device development, and structural changes for the FDA.Senate Passes Critical Access Hospital Direct Supervision Bill: On November 20th, the Senate passed H.R. 4067, a bill to delay Medicare’s enforcement of critical access hospital (CAH) direct supervision rules for outpatient … [Read more...] about Health Care Law Update – November 24, 2014