In healthcare operations, collaboration with diverse third-party entities, including technology providers, medical device and life sciences companies, payers, diagnostic labs, and CROs, facilitates streamlined processes, improved efficiency, and delivery of comprehensive care. The healthcare industry, being custodians of Personally Identifiable Information (PII) and Protected Health Information (PHI) data, faces significant regulatory pressure. Third parties introduce potential risks in data security, privacy, cybersecurity, compliance, and reputation.
Healthcare companies require a comprehensive risk management solution, such as ProcessUnity Third-Party Risk Management and ProcessUnity Cybersecurity Risk Management, to assess, manage, and mitigate these risks efficiently.
Ensure Regulatory Compliance with HIPAA and HITECH
Assess third parties, perform due diligence, and validate controls to maintain an acceptable level of risk for your institution. Deliver consistent compliance with HIPAA, HITECH, and other regulations.
Proactively Mitigate Risk
Use our platform to score inherent risk and identify vendors with a high exposure to risk. Customize vendor due diligence according to their risk profile. Employ assessment questionnaires, content feeds from data providers, internal assessments, and more to test relevant controls, identify gaps and mitigate risks.
Protect Data and Assets
Identify vendors with access to NPI/PII (non-public information/personally identifiable information) to safeguard against data privacy threats. Knowing which vendors handle your sensitive data lets you focus your assessments and ensure compliance with HIPAA, HITECH and other regulations, and SLAs.
Reduce Cybersecurity Risk
Analyze extensive third-party data to spot potential vulnerabilities and threats to your infrastructure from your partners. ProcessUnity streamlines analysis, ensuring no potential cyber risks from partners are overlooked.
Drive Consistency and Accountability with an Automated Workflows
Evaluate third parties using tailored questions mapped to regulations, standards, and enterprise controls. Customize questionnaires based on each vendor’s service type and inherent risk profile for high-quality responses. Document issues from due diligence, continuous monitoring, and KPI tracking, then connect them to controls to develop and track effective mitigation actions.
Increase Visibility into Risk and Performance for Key Business Stakeholders
Utilize our platform to get access to real-time reporting and configurable dashboards. Gain an immediate understanding of your third-party risk posture, key performance metrics, and status of any request.
Request a demo below to learn more about ProcessUnity for Healthcare.