Panda Health and Censinet Partner to Deliver Cybersecurity Risk Transparency for Digital Health Solutions
Post Summary
Panda Health and Censinet have partnered to bring greater cybersecurity risk transparency to Panda’s marketplace of digital health suppliers using Censinet One™.
It ensures healthcare buyers can safely procure and implement digital health solutions by providing automated risk assessments, risk scoring, and updated cybersecurity ratings.
Censinet One™ is an on-demand platform for third-party and enterprise risk management that automates and scales risk workflows to reduce cyber risk.
The collaboration solves challenges like vendor cyber risk management, procurement inefficiencies, and ensuring cybersecurity maturity across the lifecycle of digital health solutions.
Visit Panda Health at booth #1519 or Censinet at booth #2152 during ViVE 2023, or go to Panda Health’s website or Censinet’s website.
ATLANTA, GA AND BOSTON, MA – MARCH 29, 2023 – Censinet, the leading healthcare risk management solutions provider, and Panda Health, a marketplace that transforms how health systems discover, procure, and implement digital innovations, announced today a partnership to bring greater cybersecurity risk transparency to Panda’s marketplace of digital health suppliers. With Censinet OneTM, the industry’s first and only on-demand solution for third party risk management, Censinet’s dedicated managed services will assess, manage, and mitigate cyber risk of suppliers on Panda’s marketplace to ensure healthcare organizations can engage with patients and providers safely and securely throughout the lifecycle of their digital health solutions.
“Cyber risk is now a key purchasing benchmark in healthcare, and our partnership with Censinet ensures healthcare organizations procure and deploy the safest digital health technologies across the care continuum for the full life of the solution via our marketplace” said David Harvey, CEO of Panda Health.
Censinet OneTM is the industry’s first and only on-demand solution for third party and enterprise risk management. Delivered as a platform, managed service, or hybrid mix of the two, Censinet OneTM provides maximum optionality to healthcare organizations like Panda Health to automate, scale, and transform third-party risk management to reduce cyber risk. As budget, resources, and assessment capacity changes over time, healthcare organizations can easily dial up or dial down the utilization of the Censinet RiskOpsTM platform versus dedicated managed services. Powered by the total automation and speed of Censinet RiskOpsTM, healthcare’s first and only cloud-based risk exchange, Censinet OneTM dramatically shift the unit economics of the third-party and enterprise risk process across the entire vendor/product lifecycle – making it not only the industry’s fastest solution, but the most affordable and flexible.
In addition, as part of the partnership with Panda Health, Censinet will provide risk scoring and ratings for all suppliers on the Panda Health marketplace to give healthcare organizations an intuitive and accurate snapshot of the risk profile and posture of each digital health solution available. Regularly updated, these ratings provide robust transparency into the cybersecurity maturity of digital health technologies across the contract lifecycle, from procurement to renewal to retirement. Also, the Censinet RiskOpsTM platform and hybrid delivery model will be offered through Panda Health to all hospitals, health systems, and healthcare organizations on the marketplace.
“We’re proud to call Panda Health a trusted partner and a customer, and commend them on their dedication to elevating risk transparency across the industry with Censinet One™,” said Cormac Miller, President and Chief Commercial Officer of Censinet. “With bad actors increasingly targeting third-party vendors, and with ransomware now a threat to patient safety, healthcare organizations need total cyber risk transparency on what they’re buying and using to deliver care – and this partnership with Panda brings us all one step closer to fulfilling that new mandate across the industry.”
Both Panda Health and Censinet will be exhibiting at ViVE 2023 in Nashville at the Music City Center, March 26-29, 2023. To learn more about this partnership, please visit Panda Health at booth #1519 and Censinet at booth #2152. To schedule a meeting with a Panda Health or Censinet team member, please email growth@panda.health or vive2023@censinet.com.
About Panda Health
Panda Health is a marketplace that transforms how health systems discover, procure, and implement digital innovations that make life better for consumers. Formed in 2020 as an independent company, Panda was founded through a partnership between three leading health systems, CentraCare, Gundersen Health System, and ThedaCare, with the development and investment firm Fitzroy Health. Learn more at panda.health.
About Censinet
Censinet®, based in Boston, MA, takes the risk out of healthcare with Censinet RiskOps, the industry’s first and only cloud-based risk exchange of healthcare organizations working together to manage and mitigate cyber risk. Purpose-built for healthcare, Censinet RiskOpsTM delivers total automation across all third party and enterprise risk management workflows and best practices. Censinet transforms cyber risk management by leveraging network scale and efficiencies, providing actionable insight, and improving overall operational effectiveness while eliminating risks to patient safety, data, and care delivery. Censinet is an American Hospital Association (AHA) Preferred Cybersecurity Provider. Find out more about Censinet and its RiskOps platform at censinet.com.
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Contacts:
Panda Health
John Gonda (Media Contact)
jgonda@sage-growth.com
Censinet
Briana McGann
(781) 328-4118
bmcgann@censinet.com
Censinet
Joshua Schneck
(612) 709-8500
Josh@snowcommunications.com
Key Points:
What is the purpose of the partnership between Panda Health and Censinet?
The partnership between Panda Health and Censinet aims to bring greater cybersecurity risk transparency to Panda’s marketplace of digital health suppliers. By leveraging Censinet One™, healthcare organizations can ensure the safety and security of the digital health technologies they procure and implement.
How does this partnership benefit healthcare organizations?
This collaboration provides several benefits to healthcare organizations:
- Enhanced Risk Transparency: Censinet will provide regular risk scoring and cybersecurity ratings for all digital health suppliers on Panda Health’s marketplace.
- Streamlined Procurement: Automated assessments and updated risk ratings simplify the purchasing process.
- Improved Cybersecurity: Organizations can engage with vendors confidently, knowing they meet high cybersecurity standards throughout the lifecycle of their solutions.
What is Censinet One™, and how does it work?
Censinet One™ is an on-demand platform for third-party and enterprise risk management. It combines:
- Automation: Streamlines risk assessments and workflows.
- Flexibility: Adapts to changing budgets, resources, and assessment capacity.
- Scalability: Supports healthcare organizations in managing risk across the entire vendor/product lifecycle.
What problems does this partnership address?
The partnership solves key challenges in healthcare procurement, including:
- Managing vendor cyber risks: Ensures vendors meet robust cybersecurity standards.
- Procurement inefficiencies: Automates risk assessments to accelerate the purchasing process.
- Cybersecurity maturity: Provides updated risk ratings and transparency throughout the lifecycle of digital health solutions.
How will healthcare organizations access Censinet’s tools through Panda Health?
Healthcare organizations using Panda Health’s marketplace can:
- Access Censinet RiskOps™, a cloud-based risk exchange platform.
- Leverage Censinet One™ managed services to automate and scale risk management workflows.
- View regularly updated risk ratings for digital health suppliers and technologies.
Where can I learn more about this partnership?
You can visit Panda Health at booth #1519 or Censinet at booth #2152 during ViVE 2023. For more information, visit Panda Health’s website or Censinet’s website.
