Neighborhood Health Plan of Rhode Island Vendor Risk Management Case Study

This case study details the implementation of the Prevalent Third-Party Risk Management (TPRM) Platform by Neighborhood Health Plan of Rhode Island, a not-for-profit health maintenance organization. The organization serves over 230,000 members, primarily Medicaid eligible, and faces challenges in complying with HIPAA data privacy and security standards. The case study outlines how Neighborhood assesses vendor risks through a structured onboarding process, utilizing SIG Lite assessments to evaluate potential security threats. It describes the benefits of the Prevalent platform, including a centralized risk register, enhanced visibility into vendor risks, and improved compliance with healthcare regulations. The study emphasizes the importance of vendor risk assessments in safeguarding protected health information and highlights Neighborhood's commitment to ensuring the security of member data. Additionally, it notes the evolution of Neighborhood's third-party risk management program and the ongoing partnership with Prevalent to enhance their security posture.