Managing third-party risk is crucial for healthcare organizations (HCOs) due to the increasing threat of cybersecurity attacks. While outsourcing can bring cost savings and efficiency, it also introduces risks from unsecure vendors. Guidacent helps HCOs manage these risks through robust third-party risk management practices, including vendor assessments, onboarding processes, and cybersecurity roadmaps. By focusing on risk-based decision-making and industry best practices, Guidacent aids in minimizing residual risks and enhancing security. Their approach has helped clients improve vendor management, onboard new auditors, and mature cloud compliance programs, ultimately safeguarding critical assets and maintaining business continuity.

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