Third Party & Supply Chain Risk Management in Healthcare
Protecting Your Organizations from Vendor and Supply Chain Threats
Healthcare organizations rely on a vast ecosystem of third-party vendors, suppliers, and partners. While these relationships enable innovation and efficiency, they also introduce new risks to sensitive data, regulatory compliance, and operational resilience.
Meditology Services delivers comprehensive Third Party Risk Management (TPRM) and Supply Chain Risk Management (SCRM) solutions that extend your risk management program beyond your four walls.
With the integration of CORL Technologies, Meditology now combines strategic consulting expertise with a proven operational platform to monitor, assess, and manage vendor risk at scale.
Why Third-Party Risk Management Matters
Vendors often have direct or indirect access to your most critical systems and data. A single compromised vendor can cascade into:
Security breaches exposing sensitive health information
Operational disruption impacting patient care and business continuity
Regulatory violations that result in fines and reputational harm
Effective TPRM is about more than due diligence—it is about ensuring your extended enterprise is as secure, resilient, and compliant as your own organization.
Meditology’s Third Party Risk Management Process
Our process is designed to assess, strengthen, and operationalize your TPRM program. It is guided by Meditology’s maturity model, which evaluates your organization across five domains:
1
Foundational Components
Establishing policies, governance, and foundational processes for TPRM
2
Profile Risk
Identifying and categorizing vendors based on inherent risk
3
Understand Risk
Assessing vendor controls, financial stability, and operational resilience
4
Manage Risk
Implementing mitigation strategies, contractual safeguards, and remediation plans
5
Monitor Risk
Continuous oversight, reporting, and risk intelligence
Each domain is assessed on a maturity scale from 1 to 5:
1
2
3
4
5
Absent or ineffective
Managed and acceptable
Optimized and exemplary
Gaps below level 3 are identified and prioritized to ensure targeted improvements. This structured approach ensures organizations can strategically manage vendor risk from initial assessment to ongoing monitoring.
Risk-Based Vendor Engagement & Operational Support
Strategic Program Design
- Access current TPRM maturity and identify improvement opportunities
- Develop scoring methodologies and risk stratification tailored to your organization
Vendor Risk Assessment & Due Diligence
- Customize questionnaires, controls assessments, and pre/post-contract evaluations
- Provide consulting support for TPRM processes, toolkits, and leadership communication
Ongoing Monitoring & Risk Intelligence (Powered by CORL Technologies)
- CORL operationalizes continuous monitoring, autonomous alerts, and expert human review
- Scale your TPRM program without adding internal resource strain
Why Meditology for TPRM?
Meditology distinguishes itself from other TPRM and SCRM providers through a combination of strategic expertise, healthcare focus, and operational execution:
Foundational Components
Our proprietary maturity model evaluates TPRM across five domains, ensuring a tailored approach that addresses healthcare-specific risks and regulatory requirements.
Integrated Strategic & Operational Approach
With CORL Technologies, Meditology delivers both strategic program design and hands-on operational execution for monitoring and mitigating vendor risk.
Human-in-the-Loop Oversight
Unlike fully automated platforms, we combine automation with expert review to ensure nuanced risk assessments and mitigation strategies.
Comprehensive Vendor Engagement
We provide customized toolkits, scoring methodologies, and due diligence processes, enabling organizations to engage effectively with vendors and proactively manage risk.
Proven Impact Through Strategic TPRM
Third-party breaches are a leading risk
60%
Of healthcare data breaches involve vendors or third-party partners.*
High financial stakes
>$3M
The average cost of a vendor-related breach in healthcare.*
Regulatory compliance risk
45%
Of healthcare organizations have faced audit findings or fines due to third-party gaps.*
Operational resilience matters
70%
Of organizations report supply chain or vendor disruptions impacting patient care or operations.*
Program maturity gap
25%
Of healthcare organizations have fully mature TPRM programs capable of continuous monitoring.*
*Sources: Ponemon Institute, Deloitte, Healthcare Cybersecurity Reports
Customer Success Stories
Meditology’s TPRM program gave us a clear roadmap for managing vendor risk. Their maturity model identified critical gaps, and CORL’s operational monitoring ensures we have continuous visibility into our vendor ecosystem.
VP of Risk Management
Large Healthcare System
Working with Meditology allowed us to align executive leadership around third-party risk. Their combined strategic and operational approach reduced vendor-related incidents by 30% within the first year.
Chief Information Security Officer
Regional Hospital Network
The level of customization and healthcare-specific expertise Meditology provides is unmatched. CORL’s human-in-the-loop monitoring gives us confidence in both compliance and operational resilience.
Director of Vendor Management
Multi-State Health System
The Value of Meditology TPRM for You
By integrating strategic program design with operational monitoring through CORL, Meditology ensures your organization:
Reduces exposure to high-risk vendors across your ecosystem
Strengthens compliance with industry standards and regulatory frameworks
Improves operational resilience and proactively safeguards against third-party disruptions
Drives measurable ROI from TPRM investments
Maximizes executive alignment with clear reporting and insights
Supports seamless scalability for TPRM operations with CORL’s managed services