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Censinet Third-party Risk Management Platform for Healthcare

Censinet Third-party Risk Management Platform for Healthcare

Censinet Third-party Risk Management Platform for Healthcare

By Censinet

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Censinet provides the first and only third-party risk management (TPRM) platform built by and for healthcare providers to manage the threats to patient care that exist within an expanding ecosystem of vendors.
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Overview



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Description

Censinet is the first and only third-party risk management platform built by and for healthcare organizations to assess the threats to patient care that exist within the expanding ecosystem of vendors. Censinet is a an exchange-based platform that is purpose-built to solve specific problems and challenges for healthcare organizations, setting it apart from other approaches in the market. At its core, Censinet enables broader risk coverage and reduces administrative burden by eliminating the use of inefficient spreadsheets and simplifying, automating, and streamlining risk management workflows. With its unique One-click Assessment™ capabilities and Digital Vendor Catalog™, the Censinet Platform reduces the time to assess vendor risk from weeks to seconds, while automating inefficient workflows and providing continuous real-time insights into the changing risk profile of each vendor and product. Censinet Digital Vendor Catalog™ lets users easily access and manage all vendors in one place. Providers can quickly search and find risk assessments on more than 5,000 vendors and 7,600 products across an inventory of healthcare IT software/hardware product categories (clinical, EHR, patient engagement, infusion pumps, patient monitoring, mobile health, PPE, etc.) and types (software, hardware, on-premise, cloud, hybrid, consulting services, mobile, wearables, etc.). As providers and vendors interact with the platform, the Censinet Digital Vendor Catalog’s™ value organically increases for all end users in the form of consistent execution of risk assessments, faster turnaround for both providers and vendor sales cycles, and clear tracking of corrective action plans for future follow up. All Censinet questionnaires are versioned with full history and audit trails. Standard risk questionnaires cover thousands of clinical, business, and operational applications whether in the cloud, on-premises, or hybrid, plus hardware devices and appliances, and other connected internet of things (IoT) devices.
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EHR integration

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Use cases

Description

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COVID-19 use cases:
Censinet, the leading collaborative risk network for healthcare providers, today announced a new free program that will enable healthcare providers to quickly assess the security risks of new personal protective equipment (PPE) vendors. Any healthcare provider can now request access to the Censinet Third-Party Vendor Risk Management Network of more than 5,000 healthcare suppliers and their 7,000+ products, which enables one-click risk assessments capabilities and measures the risk of vendors in the PPE supply chain. The new program from Censinet will help providers detect fraudulent vendors while streamlining the onboarding of legitimate PPE vendors. As a result, healthcare providers will be able to more quickly and safely integrate qualified vendors into their third-party ecosystem in order to expedite the delivery of critical protective equipment. Censinet is working with vendors new to the PPE supply chain, and others serving expanded needs related to the global pandemic, to ensure their risk assessments are available in advance. Once included, those vendors’ risk assessments will become part of the Censinet Digital Vendor Catalog™ which includes risk assessments on more than 5,000 healthcare suppliers of over 7,000 products, allowing healthcare providers to easily access the information they need to make decisions based on accurate, real-time data with one click. Brand new vendor risk assessments are typically completed in five days or less. Previously established NIOSH-approved manufacturers of N95 masks are already in the digital catalog. A list of hundreds of PPE and pandemic-related specialty vendors will be shared with healthcare organizations who start using the Censinet platform, as a resource to quickly find alternative supply chain options. Censinet has curated a new standardized questionnaire designed to determine the authentic nature of PPE that is now available to any healthcare organization (HCO) that wants to safeguard their purchases as being from legitimate suppliers. Additionally, a corrective action plan for remediation can be automatically generated for HCOs evaluating any vendor whose questionnaire responses indicate a risky situation. As a result, healthcare organizations do not need to devote critical time and resources to developing the risk criteria they will measure when evaluating unfamiliar vendors. This special open access license for the Censinet Platform will also allow providers to add new vendors to the Censinet vendor catalog and initiate a risk assessment of their products, and to assess new products from established vendors. Qualified healthcare organizations interested in learning more or utilizing the PPE risk assessment program can visit: https://www.censinet.com/PPE
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Company information

Founded in 2017

10.3M total equity funding

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