The Shared Assessments Healthcare Committee discussed the rapid evolution of technology, particularly AI, and its impact on third-party risk management. Key points included the importance of aligning risk assessments with contractual terms and business impact analysis. The committee members shared their assessment volumes, with some performing over 500 assessments annually. They also discussed the use of AI tools to streamline the assessment process and the challenges of managing large volumes of assessment questions. The meeting concluded with a review of the committee's achievements in 2024 and plans for 2025, emphasizing the need for continuous improvement and adaptation to emerging risks.
