Demystifying Third-Party Vendor Risk in Healthcare
Gain Immediate Access to Healthcare Vendors’ Security Postures
Given the proliferation of electronic health records, a surge in connected medical devices, and an increased reliance on business associates and other third-party vendors for delivering critical services, the fear of a data breach and subsequent compliance audit looms large. Cybercriminals now also target an organization’s supply chain in order to access PHI and PII, which could create life-or-death consequences for patients.
How can healthcare organizations maintain third-party risk compliance, perform vendor risk analysis and assurance, protect sensitive health information, and develop stronger IT and OT security and data privacy measures?
Prevalent’s Healthcare Vendor Network (HVN) delivers automated evidence collection and risk management so that organizations can measure their vendors for cybersecurity risk resiliency and ensure regulatory compliance. In partnership with the H-ISAC’s program for Shared Risk Assessments for Third Parties, this network of H-ISAC healthcare members and vendors collaborate using a standardized questionnaire and continuous threat intelligence monitoring, saving time and reducing operating costs.
Quick identification of vendor risk status with a library of readily available questionnaires and evidence
Healthcare-applied baseline risk scores for each security risk domain
Relevance of questionnaire response information meets regulatory and compliance guidelines
Consensus and collaborative driven reporting requirements across the industry
Use the H-ISAC’s preferred third-party risk management solution to create a baseline across products, services, and vendors from industry common criteria for risk management and remediation.
Reducing the effort required to collect or complete content requests or questionnaires means that you and your vendors can prioritize working together to decrease security control gaps and reduce overall risk.
Deliver better time-to-value and business insight with an automated, risk-based assessment service with built-in workflows, vendor tiering, risk scoring flexibility, analytics, and reporting.
Enable categorization of vendors based on risk tier criticality and assign security assessment requirements aligned to these classifications.
Deliver snapshot and continuous vendor threat intel monitoring – including operational, financial, legal, and brand risk events – for a holistic view of your vendor information security risk.
Enable dynamic categorization of vendors based on risk levels and criticality to the business. Bi-directional remediation workflow and document management enables discussions on risk registers, completion date, tasks, acceptance, and more.
Visualize compliance and risk status across your vendor risk landscape from one central reporting console. Assessors, Risk Managers, and Executives can each see details necessary to make informed business decisions and report on risk status.
The Healthcare Vendor Network is part of Prevalent’s integrated third party risk management platform, a unified solution that provides a 360-degree view of vendor risks. With the Prevalent platform, organizations simplify compliance, reduce vendor-based risks, and improve efficiency to better scale third party risk management.
“The attack surface for many healthcare organizations is significantly larger than many other organizations due to the nature of the business that requires collaboration and sharing of sensitive information with many third parties. As such, it is imperative to continuously monitor and manage third-party party risk to ensure proper controls were implemented and are managed effectively to protect the shared information.” Yaron Levi, Chief Information Security Officer, Blue Cross and Blue Shield of Kansas City
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