Californian IoMT firm Asimily is using CCM (Capital Cycle Management) AI-driven software from Kentucky-based Handle Global to optimise the capital cycle from initial planning to procurement, management and disposition of equipment.

Healthcare systems have access to increasingly innovative technologies that enable 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 cyber-security threat information to 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 $10m per incident – continue to rise. It is clear hospitals must consider cyber risk when evaluating equipment purchases, maintenance and device lifecycle management, including risk assessment, monitoring and remediation.

The integration of Asimily with CCM provides 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 helps healthcare organisations determine which assets or manufacturers are at risk of cyber-security 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 information is dispatched to CCM to ensure it is considered a priority during the capital planning process and can empower a shift from reactive to proactive cyber-security risk management.

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

“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, vice president at Asimily. “We’re proud to partner with Handle Global, a leader in the healthcare capital equipment supply chain, and combine two very powerful technologies in Asimily and CCM. This is a unique integration in the industry that we expect healthcare systems to find particularly valuable.”

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

Asimily has built a risk management platform that secures IoT devices for medical, diagnostic, life sciences and pharmaceutical companies in the healthcare industry. With a knowledge base of IoT and security protocols, Asimily inventories and classifies every device across a healthcare organisation, both connected and standalone. Because risk assessment and threats are not static targets, Asimily monitors healthcare organisations’ devices, detects anomalous behaviour, and alerts operators to remediate any identified anomalies.

Handle Global is a healthcare supply chain analytics and fulfilment provider focused on improving data quality, enhancing transparency and empowering strategic decision-making. The CCM platform is AI-driven software that optimises the capital cycle from planning to procurement, management and disposition of capital equipment.