Case Study

Preserving Patient Trust: Enhancing Risk Management at a Global Healthcare Leader with ServiceNow GRC

Industry

Healthcare Industry

Length of cooperation

8 Months

Project Team

8 Members

Technologies

ServiceNow GRC

Problem Statement

A prominent global healthcare organization faced a multitude of challenges in managing risk and compliance across its vast network of hospitals and healthcare facilities. The organization struggled with manual and decentralized risk management processes, which hindered their ability to proactively identify and mitigate potential risks. This led to regulatory compliance issues, data breaches, and financial losses, eroding patient trust and impacting overall operational efficiency. The healthcare giant sought a comprehensive risk management solution to safeguard patient data, ensure compliance, and uphold their reputation for delivering world-class healthcare services. 

Solution

Mergen IT collaborated with the healthcare leader to implement ServiceNow Governance, Risk, and Compliance (GRC) to revolutionize their risk management approach. 

Implementation Highlights: 

  • Centralized Risk Repository: Mergen IT established a centralized risk repository within ServiceNow GRC to consolidate risk information from various healthcare facilities. This provided real-time visibility into risk exposure across the organization. 
  • Automated Compliance Monitoring: Mergen IT customized ServiceNow GRC to automate compliance monitoring with industry regulations and internal policies. This proactive approach ensured timely identification and remediation of compliance gaps. 
  • Risk Mitigation Workflows: Mergen IT developed custom workflows to streamline risk mitigation processes, ensuring that identified risks were promptly addressed by the appropriate stakeholders. 

Results

The global healthcare giant witnessed substantial improvements in risk management and operational efficiency: 

  • Enhanced Risk Visibility: With ServiceNow GRC, the organization achieved a 40% increase in risk visibility, enabling proactive risk identification and prevention. 
  • Streamlined Compliance Processes: The implementation of automated compliance monitoring led to a 30% reduction in compliance-related incidents, minimizing the risk of regulatory fines. 
  • Upheld Patient Trust: By strengthening risk management, the healthcare leader preserved patient trust and bolstered its reputation for providing secure and high-quality healthcare services. 

Conclusion

Mergen IT's deployment of ServiceNow GRC empowered the global healthcare organization to elevate its risk management practices, ensuring patient data security, regulatory compliance, and maintaining patient trust. The centralized risk repository and automated compliance monitoring facilitated a proactive risk management approach, resulting in improved operational efficiency and enhanced patient care. 

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