Case Study: a regional health system reduces third-party risk exposure with Impact Advisors

Regional Health System reduces third-party risk exposure with Impact Advisors

A regional health system faced heightened scrutiny from its board and leadership regarding third-party risk exposure following major industry breaches. While it had a vendor questionnaire process, it lacked a comprehensive program to properly assess and manage vendor risk. To address this, the health system partnered with Impact Advisors to design and operationalize a scalable Third-Party Risk Management (TPRM) program.

Impact Advisors implemented a solution that began with creating a complete inventory of vendors and tiering them by criticality. They established a risk-based assessment framework, enhanced contract controls, and integrated continuous monitoring into Security Operations Center workflows. This provided the health system with a single source of truth for vendor access, defensible governance, faster risk detection, and clearer executive reporting on its third-party exposure.