Cyberattacks, including data breaches and ransomware, pose the greatest risks to patient care by disrupting clinical applications and medical devices. Many of these threats originate from third-party vendors, who play a critical role in healthcare operations. Recognizing the need for a modern solution, Censinet was founded in 2017 to transform third-party risk management in healthcare. This page explores how Censinet is addressing these challenges with its innovative platform, collaborative approach, and commitment to protecting patient care.
Transform how your healthcare organization manages third-party risks with the Censinet Platform. Discover the power of real-time insights, automation, and collaboration to protect patient care and reduce vulnerabilities. Join the growing network of providers and vendors working together to create a safer, more secure healthcare ecosystem.
Healthcare providers rely on hundreds of vendors for critical services, including electronic health records, medical devices, and cybersecurity. Third-party vendors are responsible for a significant portion of healthcare data breaches, exposing sensitive patient information and disrupting operations. Outdated risk management processes, manual workflows, and tight budgets make it difficult for healthcare organizations to effectively mitigate these risks.
Censinet developed the healthcare industry’s first collaborative cloud platform for managing vendor risks. The platform: Automates workflows to replace outdated, manual processes. Provides real-time insights into vendor risks, enabling faster and more informed decisions. Centralizes risk management into a single, transparent platform for both providers and vendors. Censinet’s approach treats risk as a business problem, not just a technical challenge, ensuring actionable insights and collaboration.
Censinet raised $7.8 million in Series A funding, co-led by HLM Venture Partners and Cedars-Sinai Health System, with participation from Schooner Capital, LRVHealth, and Excelerate Health Ventures. The funding will be used to: Expand the Censinet Platform with new features and capabilities. Scale the go-to-market team to reach more healthcare providers and vendors. Accelerate the adoption of Censinet across the healthcare ecosystem.
Censinet collaborated with leading healthcare organizations, including Partners Healthcare, Intermountain Healthcare, Baystate Health, Cedars-Sinai, Boston Children’s Hospital, and more. Feedback from these early adopters and design partners helped refine the platform to address real-world challenges in third-party risk management.