Vendor Risk Management of Business Associates

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Vendor Risk Management of Business Associates

Providers should have an effective vendor management program in place and document greater due diligence. Providers can achieve this with Vendor Security Management. CynergisTek’s Vendor Security Management program will evaluate and monitor vendors on a regular and ongoing basis and hold them accountable for requirements your organization identifies or assigns as remediation. CynergisTek will evaluate each vendor’s level of risk, require them to attest to their compliance with HIPAA, and determine which protections are in place so your organization can make a determination around how to adjust your contracts, service levels, or your overall relationship. CynergisTek will then actively monitor each vendor, communicate the security gaps identified, and alert the covered entity on any changes to the vendor’s status over time. All associated risks, questions, and documents are maintained and included in regular vendor status reports.

Documenting this information is necessary to demonstrate due diligence in any investigation or compliance review. The end result will alleviate the challenges and manual process of managing multiple vendors and documenting your organization’s due diligence when it comes to demonstrating compliance with HIPAA regulations.

CynerigsTek’s Security Risk Assessment Tool (RiskSonar) can be used to alleviate manual processes and streamline the assessment workflow.

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Contact us to learn more about our vendor risk management services and how we can help your organization.

Risk Profiling

Determine the risks of each vendor

Life Cycle Approach

Keep third parties accountable

Monitoring

Assess and closely monitor vendors with security risks

Communication

Alerts vendors of security gaps and additional requests

Reporting

Automated reports of vendor status and issues, documents remediation plan

What Our Clients Say

We decided to use CynergisTek’s VSM program because it goes way beyond other BAA management solutions. CynergisTek reviews my vendors’ risks and helps us ensure due diligence managing that risk.

Francois Bodhuin, Technology Director - ISO Information Systems, Inspira Health Network

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