Manage third-party risk more effectively

Cyberattacks in the healthcare industry have reached a record high, leading to significant financial losses. Third-party risk management (TPRM) is crucial for healthcare organizations to address cybersecurity and protect patient trust. The TPRM lifecycle involves stages such as onboarding, due diligence, ongoing monitoring, and offboarding vendors. Establishing a strong TPRM process and program management is vital for effectively managing vendor risk.