Privacy and security risks are difficult to manage and are unique to each Healthcare Facility. They are extremely complex and they can change dramatically. Their potential negative outcomes can be very significant. Because of these attributes, traditional risk management tools are not adequate to cope with these risks. We have developed a suite of new tools and processes to support cyber risk management, saving the healthcare facility time while simultaneously putting their minds at ease.
We are focused on the health provider space only. Because our approach is to price each hospital / healthcare facility based on their actual risk, we will be the lowest bidder on 75% of the quotes we make.
Comprehensive Coverage and Assistance
We address privacy and security breaches. Our services include both the coverage as well as the risk management assistance necessary for a healthcare facility to deal this unknown risk which can take many different forms.
We offer services to a variety of Healthcare Facilities including ACO’s, clinics, assisted living/senior living facilities and more.
EGB leverages machine learning to power our insurance and our software. This means that for the first time, the healthcare facility has the analytics to pro-actively make fact-based enterprise-wide risk management decisions in a transparent environment.
Know Your RiskEGB uses AI to quantify a healthcare facility’s inherent risk, their risk according to their attributes.
Manage Your RiskEGB uses another AI application to establish the quality of the healthcare facility’s cyber risk controls.
Breach ResponseEGB embeds the investigation and response team in the insurance it offers.
Align Risk AppetiteBased on its residual risk (inherent risk modified by its control quality), the healthcare facility can see how much risk they have.
Reduce Your Risk
EGB equips healthcare facilitys with the ability to make informed choices about how to deploy their risk management resources by allowing them to determine their desired risk appetite through customized limit and retention choices.
Keep Risk and Insurance In Sync
EGB monitors, in real time, incremental changes to a healthcare facility’s risk environment and provides updates on any changes to their residual risk, further allowing the healthcare facility to make informed risk management choices.
- Initial paper based application form to clarify which entities are applying for coverage.
- Assessment app to establish the healthcare facility’s control environment
- Indication offered – to verify if risk appetite meets expectations
- Alternative or additional control recommendations can then be offered to reduce the risk to the preferred risk appetite if necessary
- Formal quote – with Playbook manual – provided; usually open 5 working days
- Bind – confirm placement
- Adapt coverage as the risk changes
- Respond to incidents as necessary
We understand healthcare – we worked with hospitals and healthcare systems to design this program; the CIO of a major hospital chain was the original architect. We understand HIT and the challenges healthcare CISOs, Privacy Officers and Risk Managers face.