Clearwater, the largest pure-play provider of cybersecurity and compliance solutions for the healthcare industry, has announced the launch of its new Enterprise Cyber Risk Management (ECRM) solution, which is designed to help healthcare organizations see and manage cyber risk with greater clarity.
According to certain reports, ECRM arrives on the bearing an ability to integrate Clearwater’s industry-leading OCR-Quality® Risk Analysis with a comprehensive NIST Cybersecurity Framework (CSF) 2.0 Maturity Assessment, all of it conceived through a single, expert-led engagement.
To understand the significance of such a development, we must take into account a fact that, with regulatory scrutiny increasing, and cybersecurity frameworks multiplying, healthcare leaders face unprecedented complexity in gauging their risks.
Against that, Clearwater’s ECRM solution brings to the fore actionable insights and a robust roadmap which aligns with the HIPAA Security Rule’s Risk Analysis requirement, 405(d) HICP, the HHS Cybersecurity Performance Goals, and NIST CSF 2.0. More on the same would reveal how Clearwater’s new ECRM solution effectively streamlines cybersecurity strategy through a single, tech-enabled process, powered by the IRM|Pro® platform and guided by expert consultants.
“Conducting a thorough HIPAA-compliant risk analysis (and developing and implementing risk management measures to address any identified risks and vulnerabilities) is even more necessary as sophisticated cyberattacks increase,” said Paula M. Stannard, Director at Office for Civil Rights.
Talk about the whole value proposition on a slightly deeper level, we begin from ECRM’s promise to conduct a thorough OCR-quality® risk analysis. This translates to how the solution can seamlessly avail actionable risk insights that, on their part, are going to be aligned with OCR’s 9 required elements. In case that wasn’t enough, the stated analysis can be further broken down right to the information system/asset-level.
Next up, we have an NIST CSF 2.0 Maturity Model coming into play, a model which can measure performance across all categories, as well as track progress over time.
Another detail worth a mention relates to how the underlying technology can also facilitate, on your behalf, cross-framework mapping. As a result, users of Clearwater’s latest brainchild can seamlessly integrate HIPAA Security Rule, 405(d) Health Industry Cybersecurity Practices, HHS Cybersecurity Performance Goals, and NIST Cybersecurity Framework 2.0 in one unified model.
Beyond that, there is an assortment of interactions report dashboards that make it possible for you to access dynamic reporting on risk, maturity, remediation priorities, and “OCR-Ready” Reports.
Hold on, considering we still have a couple of bits left to unpack, considering we haven’t yet touched upon how one can also leverage the given solution to achieve expert-guided risk response, something which is inclusive of consultant-led prioritization and board-ready reporting.
Rounding up highlights would be the availability of comparative analytics that can come in handy to benchmark against industry peers using healthcare’s most comprehensive cyber risk dataset.
Turning our attention towards some of the possible use cases for Clearwater’s technology, it includes identifying and prioritizing real risks at the system and asset level. Furthermore, you can come expecting to benchmark cybersecurity performance across peer organizations, while simultaneously translating technical findings into actionable insights for boards, regulators, and investors.
Not just that, healthcare organizations can also align compliance and cyber strategies with evolving regulatory expectations.
Among other things, it ought to be acknowledged that Clearwater’s OCR-Quality Risk Analysis methodology has been accepted in 100% of the OCR investigations where it’s been submitted, including to address Corrective Action Plans and Resolution Agreements.
“Healthcare organizations are investing in cybersecurity—but many still lack a clear view of what matters most and where to focus,” said Steve Cagle, CEO of Clearwater. “Our new ECRM solution empowers leaders with comprehensive visibility into their risk landscape while also mapping to multiple frameworks. The solution is backed by proven methodology, deep healthcare expertise, and the industry’s most advanced healthcare specific risk management platform.”
