Demystifying Third-Party Vendor Risk in Healthcare
H-ISAC’s Exclusive Solution for Vendor Risk Assessment & Due Diligence
Given the proliferation of electronic health records, a surge in connected medical devices, and an increased reliance on business associates and other third parties, the potential for PHI/PII breaches and compliance audits looms large.
The Prevalent™ Healthcare Vendor Network enables you to meet requirements for assessing vendor risk, developing strong IT and OT security and privacy measures, and protecting patient data.
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.
Quickly determine vendor risk status with a library of questionnaires and submitted evidence.
Rely on healthcare-applied baseline risk scores for each security risk domain.
Meet regulatory and compliance guidelines with relevant survey response data.
Drive consensus and collaborate on risk remediation across the healthcare 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.
Leverage a library of pre-submitted assessments to quickly check vendor risk status or augment your own assessments.
Automate vendor survey collection and analysis, and reduce assessment time and costs, while ensuring an appropriate level of risk scrutiny and due diligence.
Conduct standardized assessments that map cybersecurity, IT, privacy, data security and business risks to industry standards and regulations.
Dynamically categorize vendors based on risk levels and business criticality, and customize security assessments for each category to tailor risk reporting and analysis to your organization’s unique needs.
Gain a holistic view of vendor risk by combining cyber risk snapshots with continuous business monitoring for operational, financial, legal and brand risk events.
Collaborate on risk registers, dates, tasks, acceptance and more with remediation workflow and document management capabilities.
Understand compliance and risk status across the vendor risk landscape through a central reporting console. Assessors, risk managers and executives can each see the relevant information they need to better understand and act on risk.
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 risk. With the Prevalent TPRM platform, you simplify compliance, reduce risk, and improve efficiency to scale your third-party risk management program.
“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
Learn about our products and best practices in the industry.