Leading Health Insurer Chooses GRC Solution to Reduce Cost of Compliance

Feb. 26, 2010

San Jose, California, February 25, 2010 – Agiliance Inc., the leading independent provider of integrated Governance, Risk and Compliance (GRC) solutions, today announced that Highmark, Inc., a leading health insurer, is deploying the Agiliance RiskVision™ platform to automate the compliance process, reduce audit costs and ensure Highmark meets strict healthcare industry mandates for HITRUST, HIPAA, and DIACAP. 

The Agiliance RiskVision platform delivers a fully integrated suite of best-in-breed GRC solutions, providing organizations with continuous visibility into their risk and compliance process. By leveraging Agiliance GRC technology, organizations can define and manage policies, automate compliance and risk assessments, and simplify compliance reporting – all while increasing efficiencies and reducing redundancies. As one of the nation’s largest healthcare organizations, Highmark is subject to regulatory and contract compliance mandates.  Highmark has also chosen to adopt the HITRUST Common Security Framework (CSF) to further achieve scalability with its information security program.

“As a leading health insurer, we are subject to both regulatory and contract compliance requirements from the government, such as HIPAA, HITECH, PCI, Red Flags, DIACAP, DoD Checklists, NIST SP 800-53, and FISMA.  This creates a high compliance burden on our organization’s processes and resources,” said Al Lebiednik, manager of regulatory compliance at Highmark, Inc. “By implementing the Agiliance GRC Solution, we aim to reduce cost and improve program scalability by leveraging automation and remove redundancy across compliance mandates.”

Agiliance RiskVision is the industry’s first out-of-the-box, fully-integrated enterprise GRC platform. By leveraging the power of RiskVision, businesses can quickly gain value from their governance, risk, and compliance efforts with fewer audit failures, improved resource utilization, and enhanced visibility into the organization’s risk and compliance postures. The purpose-built platform includes seven GRC applications: Compliance Manager, Enterprise Risk Manager, Policy Manager, Vendor Risk Manager, Incident Manager, Privacy Manager, Threat and Vulnerability Manager. Implemented using an agile, scalable approach, RiskVision offers innovative technologies such as a Common Control Framework, an Assessment Automation Engine, a Risk Aware Asset Database and Key Risk Indicator Dashboards. These essential technologies have been optimized for simplified integration for companies who want to deploy a scalable GRC program using a continuous, risk-centric approach.

www.agiliance.com

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