First few Article Sentences
Third-party vendor risk management is not just a theoretical concern, but a real and pressing concern. As of January 2025, The UnitedHealth Group estimated the total financial impact of the 2024 Change Healthcare breach to be $3.09 billion which includes response and recovery costs, business disruptions, loans to providers, and a $22 million ransom.
You can take steps to protect your health care organization by utilizing vendor risk management frameworks and developing your own risk-management program.