Risk Management For Healthcare Industry
At Beaconer, we understand the critical role that third-party vendors play in the healthcare industry. While partnering with external vendors can bring numerous benefits, it also introduces potential risks impacting patient care, data security, and overall operational efficiency. We offer comprehensive third-party risk management solutions designed specifically for the healthcare sector.
50% percent of healthcare organizations surveyed experienced a third-party data breach in the last year, and 7 of the top 10 healthcare data breaches reported this year involved third-party vendors.
Today’s health organizations must have an organization-wide third-party risk management policy and process to manage third-party risk effectively. All departments must follow that process when purchasing products or services, such as a new medical device or electronic medical records software. Our cutting-edge platform ensures your health organization can confidently collaborate with third-party vendors while safeguarding your reputation and patient well-being.
We conduct a thorough risk assessment across all aspects of your healthcare organization. We Identify potential risks related to patient care, data privacy, security breaches, employee practices, medical equipment, and any other areas of vulnerability. This assessment will help you understand your organization's specific risks and prioritize them accordingly.
At Beaconer; we define clear and measurable objectives that align with your organization's mission and goals. These objectives are focused on reducing identified risks, enhancing patient safety, ensuring compliance with relevant laws and regulations, and maintaining data integrity.
We Develop and implement risk mitigation strategies to address the identified risks. These strategies may include process improvements, employee training, security protocols, technology upgrades, and vendor management guidelines.
We help to set up a comprehensive reporting and communication system to ensure that all incidents and near-misses are promptly reported and addressed. Encourage an open reporting culture to promote transparency and learning from mistakes.
Risk management is an ongoing process that requires constant monitoring and evaluation. We review incident reports, conduct audits, and solicit feedback from staff and patients to and identify areas for improvement. Use these insights to update and refine your risk management policy as needed.
Why Choose Beaconer for Managing Healthcare Risks?
Tailored for Healthcare
Our third-party risk management platform is purpose-built for the unique needs of healthcare organizations. We understand the regulatory environment, compliance standards, and security requirements that you face, ensuring that our solutions align perfectly with your operations.
Streamlined Vendor Assessment
Evaluating the risk associated with third-party vendors can be time-consuming and complex. Beaconer simplifies the process by providing standardized assessments, automated questionnaires, and real-time monitoring, allowing you to identify potential risks swiftly and efficiently.
Protecting Patient Data
Data breaches and cyber threats are significant concerns in the healthcare industry. Beaconer prioritizes data security, implementing robust measures to safeguard sensitive patient information, and maintaining compliance with industry regulations.
Third-party risk management is the process of identifying and mitigating risks associated with the vendors and suppliers you rely on. It's essential because it helps protect your data, operations, and reputation from potential threats that can arise from these relationships.
Beaconer managed third-party risk service model help businesses with number of benefits, including: Reduced costs, Reduced delays, Tailored assessment, Complimentary threat intelligence platform, 24/7 support & Easy integration.
Beaconer differentiates itself from other similar platforms in the market through its unique selling points and managed service approach. Unlike its competitors who provide a Software-as-a-Service (SaaS) platform for downloading assessment reports, Beaconer offers a comprehensive managed service for third-party risk management (TPRM). Managed services are a superior choice for TPRM due to the dynamic nature of today's business environment. As companies increasingly rely on third-party entities for critical services and access to sensitive data, the associated risks become more complex to mitigate.
Our unique AI technology for third-party risk management can benefit organizations in a variety of industries, but it is particularly well-suited for those that rely heavily on third-party vendors, suppliers, contractors, and service providers. These industries include: Banking, Capital markets, Communication, Media & Technology, Healthcare, Information Services & Life Sciences.
In addition to these industries, our AI technology can also be beneficial for organizations in other sectors, such as retail, manufacturing, and government
We have a dedicated team that constantly monitors industry and regional regulations. We keep our clients informed and ensure our services align with the latest compliance requirements.
Beaconer has developed an AI-powered solution that automates the third-party vendor assessment process. This solution eliminates the need for lengthy questionnaires and manual data entry, saving businesses considerable time and effort. The solution works by first having the third party upload relevant documents to Beaconer's platform. The AI then reads and extracts the required information from these documents, facilitating a comprehensive assessment. The results of the assessment are then made available to the business in a clear and concise format.
You can get started by reaching out to our team through our website or contacting us directly. We'll work with you to understand your specific needs and tailor our services to your requirements.