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The Ultimate TPRM & Cyber Risk Glossary
When in doubt, use an acronym.
Whether you’re a seasoned healthcare CISO or you’re new to the industry and convinced people are just making up acronyms—this glossary has you covered. From standard industry frameworks to CORL-specific terms, it’s your Rosetta Stone for healthcare TPRM, cyber risk, and compliance.
Understanding Business Associate Agreement (BAA)
A Business Associate Agreement (BAA) is a legally binding contract required under HIPAA that establishes the responsibilities and security requirements for organizations, or “business associates,” that handle or process protected health information (PHI) on behalf of a covered entity, such as a healthcare provider. BAAs ensure that third-party vendors implement appropriate safeguards to protect PHI, as well as outline protocols for breach notification and compliance with HIPAA privacy and security rules.
BAAs are essential for managing third-party risk in healthcare, as they formalize the vendor’s role in protecting patient data and compliance with regulatory standards. In the event of a data breach, a BAA also provides a framework for accountability and response, reinforcing the organization’s commitment to protecting sensitive health information.