RiskWatch
RiskWatch International · Founded 1993 · Sarasota, FL, USA
Healthcare enterprise risk platform: one global register from threat to treatment, KRI auto-escalation, with HIPAA, HITRUST, and Joint Commission mapped underneath.
Summary
RiskWatch is an enterprise risk management platform built around a Global Risk Register that rolls up enterprise, IT, vendor / business-associate, and physical (facilities) risk into one view, with business-unit-to-enterprise aggregation for the board. It runs a risk assessment engine with a KRI (Key Risk Indicator) library and auto-escalation when a risk breaches its threshold, a treatment workflow with owner assignment and tasks, and native threat and vulnerability libraries that feed risk scores. Its differentiator is Risk-to-Compliance bi-directional mapping: HIPAA and HITRUST audit findings flow back into risk scores and the register feeds control-assessment scope, so a single HIPAA Security Rule 45 CFR 164.308 risk analysis is both a compliance artefact and a live risk input. Pre-built control libraries for HIPAA Security Rule, HIPAA Privacy Rule, NIST 800-66 r2, HITRUST CSF, Joint Commission accreditation evidence, NIST CSF 2.0, ISO 27001, and SOC 2 (40+ frameworks total) sit underneath, cross-mapped so one evidence item satisfies multiple audits. In the field since 1993 with state Medicaid agencies, multi-hospital health systems, payers, and medical device companies; single-tenant deployment keeps PHI in the customer's control.
Strengths
- Global Risk Register consolidates enterprise, IT, vendor / business-associate, and physical (facilities) risk into one register with business-unit-to-enterprise rollup for the board
- Risk assessment engine with a KRI (Key Risk Indicator) library and auto-escalation when a risk crosses its threshold, so exposure surfaces between annual HIPAA and accreditation cycles
- Risk treatment workflow with owner assignment, tasks, and recommendations tracked to closure, plus native threat and vulnerability libraries, heat maps, and board-ready executive dashboards
- Risk-to-Compliance bi-directional mapping: HIPAA and HITRUST audit findings flow back into risk scores and the register feeds control-assessment scope (competitors usually split this across two products)
- HIPAA Security Rule, HIPAA Privacy Rule, NIST 800-66 r2, HITRUST CSF, Joint Commission, and NIST CSF 2.0 libraries underneath (40+ frameworks total), cross-mapped so a single evidence item satisfies multiple audits
- Single-tenant deployment with customer-owned data residency, which matters for PHI under 45 CFR 164.502 and for state-Medicaid contracts that require US-only hosting
- Physical security assessment module in the same tenant as HIPAA risk analysis (hospital facilities and access control), plus vendor risk management with BAA tracking and SOC 2 collection under HIPAA 45 CFR 164.314
- 33-year operating history with federal customers (US Department of Defense, VA, DOJ per public press) and state-government healthcare contracts; survey-based assessment engine lets non-technical clinical owners complete HIPAA and risk surveys without IT translation
Weaknesses
- No native patient safety event reporting workflow (falls, medication errors, near misses) of the depth that RLDatix Verge Health or Performance Health Partners ship; we integrate with EHR event feeds rather than collecting events directly
- Public pricing is quote-only, so buyers need a scoping call before seeing a number rather than a published list-price page
- No native malpractice claims administration module; claims-heavy self-insured health systems may need to pair RiskWatch with a claims-only vendor
Multi-hospital systems, payers, and medical device companies that want one Global Risk Register across enterprise, IT, vendor / BAA, and facilities risk, with KRI-driven escalation, treatment workflows, and board-ready heat maps, plus 3+ compliance frameworks (HIPAA + HITRUST + Joint Commission + state Medicaid) mapped in and PHI residency control.
Single-hospital safety departments whose primary need is patient safety event capture; RLDatix Verge Health and Performance Health Partners fit that brief better at the front line.
Key features
- Global Risk Register with business-unit-to-enterprise rollup (enterprise, IT, vendor / BAA, and facilities risk)
- Risk assessment engine with a KRI (Key Risk Indicator) library and threshold auto-escalation
- Risk treatment workflow with owner assignment, tasks, and recommendations
- Threat and vulnerability libraries that feed risk scores
- Heat maps, risk dashboards, and executive / board risk reporting
- Risk-to-Compliance bi-directional mapping (HIPAA and HITRUST audit findings update risk scores)
- HIPAA Security Rule risk analysis aligned to 45 CFR 164.308(a)(1)(ii)(A) and HIPAA Privacy Rule controls aligned to 45 CFR 164.502
- Pre-built libraries for NIST 800-66 r2, HITRUST CSF, NIST CSF 2.0, ISO 27001:2022, and Joint Commission accreditation evidence (40+ frameworks), cross-mapped
- Evidence vault with versioning and audit-ready export (OCR audit pack)
- Vendor risk management with BAA + SOC 2 collection
- Physical security assessment module (ASIS-aligned) for hospital facilities
- Single-tenant deployment for state Medicaid + federal contracts
Integrations
25+ native. Notable: Microsoft Entra ID (SAML SSO), Okta, Microsoft 365 / SharePoint, Epic (via API), Slack, Jira, Custom REST API.
Target size
200 to 50,000 employees · US · Canada