SAI360 Recognized in 2022 Now Tech Report for Third-Party Risk Management
Forrester recognizes SAI360 Compliance as one of six “large established players.”
SAI360’s suite of healthcare-focused compliance modules, SAI360 Compliance, has been listed in Forrester’s 2022 overview report, Now Tech: Third-Party Risk Management Platforms, Q1 2022.
“SAI360 Compliance has long been a scaled, focused and widely adopted solution that addresses the specific and complex risk and compliance needs of the US healthcare market. We believe this recognition by Forrester as a large, established player is a testament to our team and the support of our broad base of U.S. healthcare customers,” said Kelvin Dickenson, SVP and General Manager of Compliance at SAI360.
“The COVID-19 pandemic, combined with increased digitization and greater emphasis on measuring Environmental and Social Governance (ESG) in healthcare is creating a new risk landscape. We are excited to support the U.S. healthcare industry as it adopts new processes to meet increasing regulatory, risk and administrative demands,“ Dickenson continued.
“SAI360 Healthcare Compliance allows U.S. healthcare organizations to see, manage, monitor and control risk and gives them the confidence to work with third parties essential to their business—from downstream healthcare organizations, Medicare-approved providers, insurance teams, to all other third parties,” he said.
The Forrester report highlights how the “third-party ecosystem is growing at an unprecedented rate as firms leverage the expertise and innovation of third parties to support business priorities, create market differentiation, and accelerate their shift to digital business.”
The report cautions and adds: “Third-party relationships also introduce new risks that can negatively impact a firm’s business, regulatory standing, reputation, and resilience. TPRM platforms help firms create a framework and automate processes to identify risks, maintain compliance, and evaluate exposure across multiple risk categories and throughout the lifecycle of the relationship.”
Relied on by North American hospitals, managed care organizations, clinics, administrative centers, and insurance companies, SAI360 Healthcare Compliance allows provider- and payer-side healthcare organizations to fully see and manage risk in their business partner, vendor and delegated entity networks.
Recent updates to SAI360 Healthcare Compliance include new pre-configured best practices to deliver rapid time to value for US healthcare organizations; an updated risk portal to ensure quick, secure access to all data, files, and services; and Regulatory Compliance Manager where healthcare organizations can track, manage, and keep up with new regulations, mandates, and rules.
SAI360 Healthcare Compliance is part of SAI360’s integrated risk management platform, which delivers capabilities spanning compliance for all industries and markets, Ethics & Compliance Learning, and EHS & Sustainability to all sectors across the globe.
See the results of our annual healthcare compliance benchmark report for 2022.