Looking for a Healthcare ERM Solution? Make Sure You Get the Real Thing

Healthcare provider organizations (HPOs) are starting to recognize the value of consolidating vendors and implementing an Enterprise Risk Management solution that is both holistic and comprehensive. But finding software – and a vendor – that can fulfill the promise of a true integrated solution for Enterprise Risk Management in healthcare can be tricky.

Part of the challenge is confusion in terminology. Enterprise Risk Management – or ERM for short – is used by the American Society of Healthcare Risk Management (ASHRM), while other groups use the term Governance, Risk & Compliance – or GRC. Still others use the term ERM but provide little or no ability to integrate risk management practices and data across the departments and functions of the enterprise.