The healthcare industry’s risk landscape is more complex than ever. From supply and worker shortages to ransomware attacks and more, disruption risks are rising in frequency and severity. Unfortunately for most organisations, clear visibility into these issues remains extremely low.
After a tumultuous year and a half of COVID-19 and the resulting worldwide disruption, many leaders are seeking a more proactive approach to supply chain and third-party risk. With the right risk management approach, healthcare organizations can be better prepared for upcoming risks of disruption to ensure continuity, resiliency and most importantly, the trust and safety of patients.
Risks to beware: supply & service disruptions
It would be extremely difficult to find a healthcare organization that was immune to the supply-chain disruptions experienced during the pandemic. Before COVID, if a supplier couldn’t deliver, healthcare organisations could leverage alternate sources. But all of that changed in March 2020 when disruption occurred at such an unprecedented global level. Shortages and service disruptions became impossible to avoid by most who lacked clear visibility into their supply…
