Baptist Health Selects Censinet to Transform Third-Party Risk Management
Post Summary
Baptist Health has partnered with Censinet to transform its third-party risk management using Censinet RiskOps™, a platform designed to centralize, automate, and improve vendor risk assessments.
Baptist Health selected Censinet for its simplicity, productivity, and ability to streamline workflows, reduce assessment completion times, and enhance transparency at both operational and Board levels.
Centralized Risk Management: Securely manages vendor and product risk data. Automation: Reduces manual processes with 1-Click™ assessments and automated reassessments. Faster Assessments: Average completion time of less than 10 days. Improved Collaboration: Aligns stakeholders to respond efficiently to risks.
By leveraging Censinet RiskOps™, Baptist Health gains real-time visibility into vendor risks, enabling faster responses to threats and safeguarding patient safety and care operations.
JACKSONVILLE, FL AND BOSTON, MA – August 23, 2022 – Baptist Health, the “most preferred” health care provider in Jacksonville and the area’s largest private employer, announced today that it has chosen Censinet, the leading provider of healthcare vendor risk management solutions, to strengthen its management of third-party risk. With Censinet RiskOps™, a purpose-built third-party and enterprise risk exchange for healthcare, Baptist Health can securely centralize and automate all of its vendor and product risk assessment data and documentation while driving significant improvements in visibility, productivity, accuracy, and costs throughout the risk assessment and vendor contract lifecycle.
“We chose Censinet because of its simplicity, productivity, and the opportunity to join their risk network, which provides a unique approach to managing third-party risk,” said James Case, Vice President and Chief Information Security Officer at Baptist Health. “Censinet will enable us to streamline our assessment workflows, substantially reduce assessment completion time, and allow us to respond more quickly to potential threats. When transparency is increasingly important, we believe Censinet will make it easier to effectively communicate our third-party risk management performance at the operational and Board levels.”
Censinet RiskOps™ enables immediate access to the most up-to-date security information, documentation, and evidence for over 9,000 vendors and 22,000 products in our digital catalog. Within a HIPAA-secure environment, providers can assess, negotiate, and strengthen mutual risk posture with third parties in the most efficient, cost-effective way. With 1-Click™ assessments and automated reassessments, Censinet drives unmatched productivity, with an average assessment completion time of less than 10 days, the industry’s fastest solution.
With fully automated risk workflows and enterprise-wide coordination, Censinet RiskOps™ enables all stakeholders to come together as a single, cohesive team to respond more efficiently and effectively to risks that threaten business operations, care delivery, and patient safety. Business and clinical leaders benefit from faster procurement processes, more transparent contracting, and fewer post-purchase problems. Risk owners can eliminate inaccurate and time-consuming manual processes and achieve maximum risk visibility across the full vendor and product contract lifecycle, resulting in better enterprise performance.
“The recent number of significant data breaches and ransomware attacks on health systems emphasizes the urgency for better cyber risk management and security controls across the care continuum,” said Ed Gaudet, CEO and Founder at Censinet. “Our collaboration with Baptist Health provides a transformative approach to third-party risk management to safeguard patient safety and business operations across Baptist Health. They are a high-value addition to our risk network that significantly scales the reach and effectiveness of our collective efforts to take the risk out of healthcare.”
About Baptist Health
Baptist Health is a faith-based, mission-driven system in Northeast Florida comprised of Baptist Medical Center Jacksonville; Baptist Medical Center Beaches; Baptist Medical Center Nassau; Baptist Medical Center South and Wolfson Children’s Hospital – the region’s only children’s hospital. All Baptist Health hospitals have achieved Magnet™ status for excellence in patient care. Baptist Health is part of Coastal Community Health, a highly integrated regional hospital network focused on significant initiatives designed to enhance the quality and value of care provided to our contiguous communities. Baptist Health has the area’s only dedicated heart hospital; orthopedic institute; women’s services; neurological institute, including comprehensive neurosurgical services, a comprehensive stroke center and two primary stroke centers; a Bariatric Center of Excellence; a full range of psychology and psychiatry services; urgent care services; primary and specialty care physicians’ offices throughout Northeast Florida; and Baptist Home Health Care by BAYADA. The Baptist MD Anderson Cancer Center is a regional destination for multidisciplinary cancer care, which is clinically integrated with the MD Anderson Cancer Center, the internationally renowned cancer treatment and research institution in Houston. For more details, visit baptistjax.com.
About Censinet
Censinet, based in Boston, MA, enables healthcare organizations to take the risk out of their business with Censinet RiskOpsTM, the first and only cloud-based exchange that integrates and consolidates enterprise risk management and operations capabilities across critical clinical and business areas. RiskOps builds upon the Company’s foundational success with third-party risk management (TPRM) for healthcare. Censinet transforms healthcare risk by increasing productivity and operational effectiveness while eliminating risks to care delivery, data privacy, and patient safety. Find out more about Censinet and its RiskOps platform at censinet.com.
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Contacts:
Justyn Thompson
jthompson@censinet.com
Twitter: twitter.com/censinet
LinkedIn: linkedin.com/company/censinet
Blog: censinet.com/resources/blog
Key Points:
What is the partnership between Baptist Health and Censinet?
- Baptist Health, the largest private employer in Jacksonville, FL, has partnered with Censinet to enhance its third-party risk management processes.
- By implementing Censinet RiskOps™, Baptist Health aims to centralize and automate vendor and product risk assessments, improving visibility, productivity, and cost efficiency across the vendor contract lifecycle.
Why did Baptist Health choose Censinet?
- Baptist Health selected Censinet for its simplicity, productivity, and ability to streamline workflows.
- The platform’s 1-Click™ assessments and automated reassessments significantly reduce assessment completion times, enabling faster responses to potential threats.
- Censinet also provides transparency at both operational and Board levels, making it easier to communicate third-party risk management performance.
What is Censinet RiskOps™, and how does it work?
- Censinet RiskOps™ is a purpose-built risk exchange platform designed for healthcare organizations to manage third-party and enterprise risks.
- It centralizes vendor and product risk data within a HIPAA-secure environment, enabling providers to assess, negotiate, and strengthen risk postures efficiently.
- The platform includes features like automated workflows, real-time risk visibility, and a digital catalog of over 9,000 vendors and 22,000 products.
What are the key benefits of Censinet RiskOps™ for Baptist Health?
- Faster Assessments: Average assessment completion time of less than 10 days.
- Improved Collaboration: Aligns stakeholders to respond efficiently to risks.bb Enhanced Transparency: Provides real-time visibility into risk management performance.
- Cost Efficiency: Reduces manual processes and streamlines vendor contract lifecycles.
- Patient Safety: Safeguards care delivery and business operations from cyber threats.
How does Censinet RiskOps™ improve third-party risk management?
- The platform automates risk workflows, eliminating time-consuming manual processes.
- It provides immediate access to up-to-date security information, documentation, and evidence for vendors and products.
- By enabling enterprise-wide coordination, Censinet ensures that risks are addressed efficiently and effectively, reducing the likelihood of disruptions to care delivery.
Why is third-party risk management critical for healthcare organizations?
- Third-party vendors often handle sensitive patient data and play a critical role in care delivery.
- Poorly managed vendor risks can lead to data breaches, ransomware attacks, and disruptions in care operations.
- Effective third-party risk management ensures that healthcare organizations can protect patient safety, maintain compliance, and safeguard business continuity.
What role does automation play in Censinet’s platform?
- Automation is a core feature of Censinet RiskOps™, enabling faster and more accurate risk assessments.
- Features like 1-Click™ assessments and automated reassessments reduce the time and effort required to evaluate vendor risks.
- Automation also ensures that risk data is always up-to-date, providing real-time insights for decision-making.
How does this partnership address cybersecurity challenges in healthcare?
- The collaboration between Baptist Health and Censinet strengthens cybersecurity by providing real-time visibility into vendor risks.
- It enables faster responses to potential threats, reducing the likelihood of data breaches and ransomware attacks.
- By improving risk management processes, the partnership helps safeguard patient safety and care operations.
What is the significance of Baptist Health joining Censinet’s risk network?
- Baptist Health’s participation in Censinet’s risk network enhances the collective cybersecurity efforts of healthcare organizations.
- The network allows providers to share insights, best practices, and up-to-date risk data, creating a stronger, more resilient healthcare ecosystem.
- This collaboration aligns with Censinet’s mission to “take the risk out of healthcare.”
How can other healthcare organizations benefit from Censinet RiskOps™?
- Healthcare organizations can use Censinet RiskOps™ to centralize and automate their third-party risk management processes.
- The platform improves productivity, reduces costs, and enhances transparency, making it easier to manage vendor risks.
- By joining Censinet’s risk network, organizations can collaborate with peers to strengthen cybersecurity and protect patient safety.
