Cleveland Clinic’s Charles Kolodkin and Clearwater’s Bob Chaput Share Crucial Steps in Developing a Hospital Cyber Risk Management Strategy

Business Wire

Newest Business of Healthcare (BOH) Episode “Innovating to Reduce Cyber Risk” Shows How Captives are Important Strategic Tools for Managing Risk

NASHVILLE, Tenn.--(BUSINESS WIRE)-- Charles Kolodkin, Executive Director, Enterprise Risk and Insurance at Cleveland Clinic and Bob Chaput, CEO of Clearwater Compliance, share their compelling expertise on ways health systems and hospitals can improve cyber risk management, transfer liability, and better identify, manage and address network security risk in the newest Business of Healthcare (BOH) episode, “Innovating to Reduce Cyber Risk.”

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Bob Chaput, CEO of Clearwater Compliance, shares compelling expertise on ways health systems and hospitals can improve cyber risk management, transfer liability, and better identify, manage and address network security risk in the newest Business of Healthcare (BOH) episode, "Innovating to Reduce Cyber Risk." (Photo: Business Wire)

“Innovating to Reduce Cyber Risk” is designed to help hospital and health system leaders better understand how captive insurance companies prove to be critical in the ongoing effort to manage and reduce cyber risk. Cyber risk may cause patient and reputational harm to hospitals and health systems which means third party and regulatory risk exposure quickly bleeds into medical professional and hospital professional liability, loss of income, and other aspects of organizational risk.

In the new BOH series, Kolodkin and Chaput share expertise on:

The ways cyber and privacy risks bleed over into Medical Professional Liability risks
Building a commercial cyber insurance program as part of a comprehensive risk funding strategy
Telemedicine and the next generation of device protection in healthcare
How the captive insurance company can be a complementary tool for financing and reducing cyber risk
Heightening protection of medical devices to reduce potential for patient harm
The fundamental principles of risk management: risk identification, risk assessment and benchmarking

To view the interview, visit: http://www.bohseries.com/episodes/21/innovating-to-reduce-cyber-risk

About Clearwater Compliance

Clearwater Compliance, LLC is a top-ranked, award-winning healthcare cyber risk management and regulatory compliance company. As the leading strategic partner to hospitals & health systems, its mission is to assist in successfully managing health care’s evolving cybersecurity risks, compliance requirements and, ultimately, ensure patient safety. A 2017 Inc. 5000 fastest-growing company, the 2018 Best in KLAS winner in Cybersecurity Advisory Services, exclusively endorsed by the American Hospital Association as well as numerous state Hospital Associations, Clearwater solutions have been deployed within hundreds of hospitals and health systems, Fortune 100 organizations and federal government institutions. More information about Clearwater Compliance is at http://www.Clearwatercompliance.com.

About BOH

Mission and Margin is the business of healthcare. Business of Healthcare (BOH) interviews feature innovations proven to sustainably improve healthcare. Each discussion includes a healthcare executive and innovator concentrating on the same problem. BOH, an editorially-independent and non-partisan media service, publishes its interviews at www.BOHSeries.com.