Third-Party Risk Management (TPRM)
Third-Party Risk Management (TPRM)
From previous post we discussed when third parties fail, the impact spreads across the entire healthcare ecosystem.
🔍 1. Identify
Know every vendor. If it’s not visible, it’s not manageable.
📊 2. Classify
Tier vendors based on risk: Critical / High / Medium / Low.
🛡️ 3. Due Diligence
Assess security before onboarding — no shortcuts.
📄 4. Contract
Define expectations clearly: data protection, audit rights, breach notification, and exit clauses.
🚀 5. Onboard
Grant least-privilege access. Ensure agreements are in place first.
📈 6. Monitor
Continuously track performance, security posture, certifications, and financial health.
🔁 7. Reassess
Review critical vendors regularly — and after major changes.
🚪 8. Offboard
Revoke access, ensure data deletion, and archive records properly.
💡 Key takeaway:
You are accountable for your data — even when it’s in someone else’s hands.
@OUPNarith
