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Getting Buy-In for Your Healthcare Third-Party Risk Management Program
Many healthcare organizations have implemented at least some elements of a third-party risk management (TPRM) process, such as vendor risk assessments and due diligence, especially for business associates and vendors that provide services or medical devices critical to patient care. In some organizations, the third-party risk management process is still very manual and requires maintaining and updating multiple spreadsheets. However, these processes are inefficient, error-prone, and tend to focus on old or aging data, which limits comprehensive reporting.