Third-party risk management
A flexible approach to your third-party risk management program.
No matter where you are in your third-party risk management journey, we offer a tailored approach informed by risk tiering models with best-in-class managed services to optimize your third-party risk management program.
Your trusted advisor to improve your risk management program.
CORL empowers healthcare organizations to improve third-party risk management by streamlining the third-party risk assessment process, engaging vendors based on their level of risk and establishing a clear understanding of risk internally and across the vendor ecosystem. So, what makes us different?
Flexible, right-sized TPRM approach
Whether you’re just building your TPRM program or working to scale insights across your vendor community, we offer tailored solutions to more effectively understand and reduce your vendor risk.
Purpose-built TPRM solution
Our platform was specifically designed for TPRM in healthcare with proven processes resulting in faster security informed business decisions.
Specialized healthcare cybersecurity expertise
Our managed services have been trusted by hundreds of clients with a proven process to close security gaps and improve your overall risk posture while addressing healthcare’s unique operational and compliance needs.
Powerful vendor data assets
With over 80,000 vendors in our system, we have the most complete risk database in healthcare. We put this data to work to expedite TPRM workflows and deepen vendor risk insights.
Best-in-class cybersecurity consulting services
We recognize that third-party risk management is one part of your cybersecurity landscape and offer healthcare-specialized consulting services based on your compliance needs – from HITRUST certifications to security risk assessments, SOC2 certifications, HIPAA & OCR compliance, and more.
CORL TPRM by the Numbers
$100K
estimated annual in-house cost savings
10
average business days to risk report rating
80K+
vendors in risk database
CORL brings immediate value to your third-party risk management program. Here’s how.
View risk for your entire vendor population
On day 1, see initial risk ratings for every member of your vendor population. We don’t just tier your vendors for inherent risks, we provide actionable guidance on where you should strategically focus to minimize risk exposure.
Get strategic guidance to minimize risk exposure
Allow us to manage the operational aspects of the third-party risk assessment process, including follow up and validation, while harnessing our CISO-level support to collaborate on your long-term TPRM strategy.
Reduce internal staff burden
Receive security expert guidance to design a complete risk management program – keeping your team focused on their daily priorities.
Ready to uncover the hidden costs of in-house TPRM?
Schedule your free TPRM cost analysis today.
Increase your vendor risk coverage
One size does not fit all when it comes to third-party risk. We are the only TPRM service provider that offers flexibility based on your specific vendor risk landscape and current TPRM posture. By leveraging our extensive vendor database and security expertise, we can help you know more about your vendor population than you could achieve with anyone else (or on your own!).
We deliver a best-in-class view of your vendor risk ecosystem and provide strategic guidance on how to minimize risk. Our TPRM suite of solutions is designed to help you understand and improve your security posture by offering:
- Flexibility of assessment options
- Guided remediation support
- Security program advisors
Bridging the gap between risk assessment and risk reduction.
The difference between risk assessment and risk reduction is vendor engagement. That’s why at CORL, we’re focused on shaping collaborative partnerships between healthcare providers and their vendors—and supporting real risk reduction across the entire healthcare ecosystem.
Here’s how we help:
Increase vendor response rates
We make it easy for vendors to respond to security questionnaires by building upon their existing documentation and security certifications—so you get the responses you need, faster.
Support ongoing remediation
We don’t just help you and your vendors identify problems—we help you solve them. Tap into our team’s expertise for risk remediation, so that you and your vendors know where to focus.
Proactively align to your security requirements
We proactively engage vendors to develop a shared view of cyber risk, then work with them to achieve key security milestones over time. The result? A safer, more secure healthcare ecosystem.
The right partner. The right coverage. The right third-party risk management security program to reduce your overall vendor risk.
Discover why healthcare’s leading providers choose to work with CORL.
Frequently Asked Questions
I’m just forming my TPRM program. Can CORL help me?
CORL can meet you where you are in your TPRM journey—whether a small regional provider that’s just getting started or a large health system looking to accelerate and scale vendor risk management.
For smaller healthcare organizations that are new to TPRM, we combine deep healthcare-specific expertise to guide and optimize program development with a service-centered solution designed to support and scale with you at every stage of the journey.
What if I already have solutions to score vendors based on risk?
Tools like GRCs and scorecards are highly useful in evaluating vendor risk, but these measures are unable to measurably reduce risk on their own. To truly manage and mitigate third-party risk, healthcare organizations require a powerful combination of technology and hands-on support that enables them to fully understand their vendor risk landscape, prioritize their efforts based on business impact, validate responses, and work with vendors to define a mutual pathway to risk reduction.
Because GRCs and scorecards are an important and useful part of the TPRM landscape, CORL integrates seamlessly and flexibly with these solutions to deliver a comprehensive view of risk. In fact, we present GRC ratings alongside other risk indicators to provide you with the most objective and accurate assessment of risk possible.
Does CORL offer managed services for vendor risk management too?
We believe that solving the TPRM problem requires a combination of technology and human expertise, and our experienced team is available to help you as much or as little as you prefer. Whether you need occasional support with our technology, active follow up to ensure validate and complete questionnaire responses, hands-on audit services to follow up with critical or high-risk vendors, or support pursuing assurances like HITRUST and SOC 2, we are here to help.
How does CORL’s support differ from tactical staff augmentation?
CORL’s approach stems from a deep belief that addressing healthcare’s specialized cybersecurity needs demands a specialized partner. Run by former healthcare CISOs, our organization goes beyond tactically managing and scaling your third-party risk assessments. We provide strategic and hands-on support to our clients as they work to optimize their healthcare TPRM programs, clearly define key risk indicators, and adapt their vendor risk management approach in an ever-evolving threat landscape.