Risk Analysis Services for Healthcare

Clearwater’s Risk Analysis services help healthcare organizations conduct OCR-quality Security Risk Analysis (SRAs) aligned with the HIPAA Security Rule and the NIST Cybersecurity Framework. Our team delivers an end-to-end, asset-based risk assessment approach designed to uncover vulnerabilities across IT systems, cloud environments, medical devices, and third-party vendors.

Clearwater combines deep healthcare regulatory expertise with advanced analytics to help organizations: • Identify, assess, and prioritize cybersecurity risks to electronic protected health information (ePHI) • Align security risk analysis practices with NIST CSF 2.0 and HHS OCR guidance • Generate audit-ready documentation and risk treatment plans • Demonstrate measurable improvements in cyber risk posture to boards, regulators, and investors

Target Customers: Healthcare provider organizations (hospitals, health systems, physician groups) Business associates handling ePHI (cloud service providers, digital health platforms, MSOs, billing/revenue cycle vendors) Organizations preparing for audits, regulatory inquiries, or mergers and acquisitions

Customer Challenges Addressed: • Lack of in-house expertise to conduct comprehensive HIPAA Security Risk Analysis • Incomplete or outdated risk assessments that fail to meet OCR expectations • Difficulty prioritizing cyber risks across diverse IT, cloud, and medical device environments • Limited visibility into third-party/vendor risks • Inability to demonstrate risk management maturity to boards, partners, or investors

Key Features & Deliverables: • Asset-based inventory and data flow mapping • Vulnerability and threat identification by system • Likelihood/impact scoring aligned to NIST • Risk register with recommended security controls • Audit-ready documentation suitable for OCR inspection • Executive reporting with prioritized remediation roadmap

Customer Benefits & Outcomes: • Satisfy HIPAA Security Rule risk analysis and risk management requirements • Reduce likelihood and impact of data breaches and ransomware events • Accelerate security program maturity and resilience • Build trust with partners, regulators, and investors • Establish a repeatable, scalable framework for continuous risk management

Supports healthcare organizations leveraging Microsoft Azure for cloud workloads by assessing security posture of Azure-hosted assets. Complements Microsoft security tools (Defender, Sentinel, Entra ID) by incorporating telemetry into risk analysis findings. Enables joint customer success by reducing regulatory and breach risks that threaten cloud adoption.