GRC Software Healthcare Governance | GRC Tools

Transform Healthcare Governance with Risk Cognizance
Our healthcare governance solutions empower healthcare organizations to effectively evaluate risks, implement ongoing internal review processes, and adhere to evolving regulations. Designed with a focus on agility and compliance, our Governance, Risk, and Compliance (GRC) platform ensures operational excellence and fosters trust across all levels of your organization.

Why GRC Matters in Healthcare

Governance, Risk Management, and Compliance (GRC) is an integrated framework critical to the healthcare industry. Healthcare providers face unique challenges, such as managing sensitive protected health information (PHI), adhering to stringent billing and fraud prevention guidelines, and complying with laws like HIPAA and HITECH. Our customizable and comprehensive GRC software helps healthcare organizations streamline compliance, mitigate risks, and govern efficiently.

Risk Rating Scorecard

The Risk Rating Scorecard provides organizations with a clear, concise, and data-driven assessment of their overall cybersecurity risk exposure. This risk rating analysis scorecard combines key security metrics into a single risk score, offering clarity and direction for strategic planning. Key benefits include:

• Comprehensive Risk Evaluation: Combines key cybersecurity threats and vulnerabilities into a single, easy-to-understand risk score.
• Prioritized Threat Intelligence: Identifies the most critical security risks for focused attention and remediation.
• Strategic & Data-Driven Insights: Empowers decision-makers with actionable intelligence to strengthen cybersecurity strategies.
• Industry Benchmarking: Compare your risk rating to industry peers to understand your security standing.
• Compliance Monitoring: Ensures alignment with evolving cybersecurity standards and regulations.
• Financial Risk Analysis: Evaluates the potential financial impact of risks to aid in mitigation planning.
• Proactive Risk Management: Provides tailored recommendations to reduce exposure and improve overall security posture.
• Progress Tracking: Allows organizations to monitor risk mitigation efforts and measure security improvements over time.

The Risk Rating Scorecard provides organizations with a clear, strategic overview of their cybersecurity risks, enabling improved threat management, compliance, strategic planning, and enhanced defense mechanisms.

Compliance Scorecards and Cybersecurity Scorecards

Governance, Risk, and Compliance (GRC) Scorecard	Third-party Risk Management Scorecard
Ransomware Susceptibility Scorecard	Attack Surface Management Scorecard
Artificial Intelligence Platform

Key Features of Risk Cognizance Healthcare GRC Tools:

Diverse Framework Support

We support a range of regulatory frameworks vital to the healthcare industry, including HIPAA, HITRUST, and JCAHO standards, and more.

• HIPPA: Ensure HIPAA compliance with our platform, safeguarding patient information and meeting data privacy regulations.
• HITRUST: Achieve HITRUST certification, demonstrating your commitment to data security and privacy in healthcare.
• ISO/IEC 27001: Adhere to ISO/IEC 27001 standards, protecting sensitive patient data with robust information security management.
• GDPR: Comply with GDPR regulations, protecting patient data and meeting EU privacy requirements with Risk Cognizance.

 Healthcare Regulation Management

• Record compliance and risk levels across multiple sites.
• Assign risk mitigation measures and document Standard Operating Procedures (SOPs).
• Document incidents thoroughly to ensure consistent and systematic responses.
• Conduct location-based evaluations with tailored responses for organizational insights.
• Stay compliant with regulations like HIPAA and HITECH through standard and custom audit frameworks.
• Manage compliance actions collaboratively with automated, real-time email alerts.
• Access a centralized view of overdue tasks, compliance charts, and recent activities.
• Define and schedule contract reviews with alerts for critical dates using customizable workflows.
• Collaborate seamlessly on compliance activities, policies, contracts, and project tasks across teams.
• Access a library of regulatory materials or create and publish custom rulesets tailored to healthcare requirements.

Advanced Benefits of Risk Cognizance Healthcare GRC Software:

GRC in healthcare encompasses a range of benefits and challenges for organizations striving to ensure regulatory compliance and enhance overall operations.

1. Healthcare Improving Patient Safety

Healthcare GRC ensures that organizations implement stringent safety protocols to protect patients from harm. By identifying potential risks and implementing preventive measures, healthcare organizations can enhance patient safety outcomes. This includes reducing medical errors, preventing infections through proper hygiene practices, and minimizing adverse drug events through effective medication management protocols.

2. Healthcare Ensuring Financial Compliance

Compliance with financial regulations is essential for healthcare organizations as it impacts revenue streams and the organization’s overall sustainability. GRC in healthcare enables:

• Accurate Billing Practices
• Documentation Standards
• Fraud Prevention Mechanisms
• Adherence to Payer Requirements

By meeting these financial compliance obligations, healthcare providers can avoid penalties while maintaining financial stability.

3. Healthcare Addressing Technology Challenges

Technology integration within healthcare has introduced new data privacy and cybersecurity challenges. Healthcare GRC assists organizations in managing these complex technological landscapes by implementing appropriate controls and safeguards. It includes:

• Regular Vulnerability Assessments
• Training Programs for Staff
• Disaster Recovery Plans
• Incident Response Strategies

Designed for Every Role in Healthcare:

• Risk Assessment Managers: Perform comprehensive assessments and maintain HIPAA compliance with a full audit trail.
• Chief Nursing Officers (CNOs): Partner with leadership using data-driven insights for strategic planning and effective resource utilization.
• Medical Staff Services Professionals (MSPs): Streamline credentialing, performance evaluations, and onboarding with automation.
• Quality Directors: Analyze patient care data for trends, recommend corrective actions, and ensure policy adherence.

Why Healthcare Choose Risk Cognizance?

• Cloud-Based Agility: No need for local hardware—our cloud-based solution ensures seamless updates and accessibility.
• Customizable Frameworks: Tailor rulesets and workflows to align with your unique healthcare operations.
• Continuous Upgrades: Developed using AGILE methodology for frequent enhancements and new capabilities.
• Integrated Approach: Achieve seamless communication and collaboration across departments for consistent compliance and risk management.

Get Started Today

Experience a comprehensive, technology-driven approach to healthcare governance with Risk Cognizance. Equip your organization with tools that integrate governance, risk management, and compliance into the everyday fabric of your operations.

Schedule a demo today to see how our Healthcare GRC platform can transform your operations, ensure compliance, and safeguard patient care.