Risk Management in Healthcare: Definition & It’s Importance

**Executive Summary:** This document provides guidance for healthcare organizations on building an effective cybersecurity risk management program, covering identification and classification of risks, assessing and establishing security controls, third-party vendor risk management (including vendor classification and questionnaires), continuous monitoring for threats and compliance (HIPAA, HHS, PCI), and the role of SecurityScorecard in delivering external visibility and threat intelligence to protect PHI and ensure business continuity.