Our Mission is to Solve Third-Party Risk Management for Everyone: Mikael Öhman, CEO of CORL Technologies

CORL Technologies is a service-centered solution for vendor risk management, compliance, and governance, fully dedicated to the unique needs of the healthcare sector. The company operates with the belief that third-party risk management (TPRM) should be an enabler of business rather than a hindrance. CORL is the only platform and partner on the market that provides the speed and validation necessary for healthcare organizations to meet their digital transformation goals while simultaneously managing the risks associated with new digital technologies.

Many solutions on the market address some aspects of third-party risk management but fall short when it comes to comprehensive support. Most tools fail to fully resolve the complex challenges healthcare organizations face when dealing with the security and privacy concerns tied to third-party vendors. CORL, however, is designed to tackle these issues head-on. By integrating advanced technology with human intelligence, CORL transforms TPRM from a compliance burden into a powerful enabler of business performance. The company’s approach goes beyond simply assessing vendor risk. It incorporates human insight to understand and act on the nuances of vendor relationships, ultimately helping healthcare organizations make well-informed decisions that contribute to long-term success.

One of the core strengths of CORL lies in its managed assessment methodology, which is particularly effective in the healthcare environment where data privacy and security concerns are paramount. Healthcare organizations often face difficult choices when selecting third-party vendors, as they need to balance the need for innovation with the need to secure sensitive data. The managed assessment methodology employed by CORL ensures that each vendor is rigorously evaluated for security and compliance, allowing healthcare organizations to confidently work with partners who meet the highest industry standards. This methodology is a crucial aspect of the platform, ensuring that risk is minimized while operational efficiency is maximized.

The integration of innovative models for accessing and utilizing data sets CORL apart from other third-party risk management tools. The company's platform offers not only a comprehensive set of risk management tools but also strategic decision-support features that guide healthcare organizations through complex vendor-related decisions. These tools help security and privacy professionals navigate the numerous challenges presented by an ever-evolving threat landscape. As healthcare organizations increasingly rely on third-party vendors for essential services, the ability to make informed, data-driven decisions becomes critical. CORL’s decision-support tools provide the clarity needed to make these decisions with confidence, ultimately raising the cybersecurity standards across the healthcare industry.

What truly distinguishes CORL Technologies is its commitment to acting as a fiduciary for both sides of the vendor contract. By eliminating friction in the contracting process, CORL ensures that the interests of both healthcare organizations and vendors are fully protected. This commitment to transparency and fair dealings fosters trust and strengthens relationships. The company also places a significant emphasis on clear and consistent communication, ensuring that clients are kept informed throughout every step of the process. This approach makes CORL not just a vendor risk management platform, but a trusted partner for healthcare organizations looking to scale their TPRM efforts while enhancing their cybersecurity posture.

CORL Technologies serves a wide range of healthcare organizations, including some of the most respected providers, payors, and business associates in the industry. These organizations rely on CORL's expertise to help them scale their TPRM efforts and maintain a strong cybersecurity posture in the face of an increasingly complex threat environment. With the healthcare sector being one of the most highly targeted industries for cyberattacks, having a robust vendor risk management program is more important than ever. CORL's ability to help healthcare organizations stay ahead of emerging threats while ensuring regulatory compliance has made the company a key partner for many leading healthcare institutions.

Alongside its sister company Meditology, a leading cybersecurity consulting firm and certification body in healthcare, CORL operates out of multiple offices across the United States, including locations in Atlanta, Philadelphia, Denver, San Diego, and St. Louis. The partnership with Meditology allows CORL to offer a more comprehensive suite of services to healthcare organizations, from initial risk assessments to long-term cybersecurity strategies. Meditology's expertise in cybersecurity consulting and certification further enhances CORL's ability to provide a full range of risk management and compliance services tailored to the healthcare sector.

CORL’s approach to third-party risk management is a response to the growing need for healthcare organizations to adopt more flexible, scalable, and comprehensive solutions. As digital transformation continues to reshape the healthcare sector, the reliance on third-party vendors will only increase. This makes managing the risks associated with these vendors even more critical. CORL's platform offers a solution that is not only effective but also adaptable, ensuring that healthcare organizations can continue to meet the challenges posed by an increasingly complex digital environment.

The healthcare sector, with its vast network of providers, payors, and vendors, faces unique challenges when it comes to vendor risk management. The sensitivity of the data involved, combined with the regulatory requirements that govern the sector, makes it essential for organizations to have robust systems in place to assess and manage vendor risks. CORL Technologies offers a solution that integrates seamlessly with healthcare organizations’ existing processes, ensuring that risk management efforts are not only effective but also efficient.

In an industry where compliance is crucial and security breaches can have devastating consequences, CORL has become a trusted name in the field of third-party risk management. Its ability to combine technology and human intelligence in a single platform makes it an invaluable partner for healthcare organizations looking to streamline their vendor risk management processes while ensuring the highest levels of security and compliance. The company’s commitment to providing transparency, consistency, and expertise sets it apart in an industry that requires nothing less.

CORL Technologies continues to evolve and innovate in response to the changing needs of the healthcare sector. By staying ahead of emerging risks and offering solutions that are tailored to the specific challenges faced by healthcare organizations, CORL ensures that its clients are well-positioned to succeed in a rapidly evolving digital world. With its comprehensive, flexible approach to vendor risk management, CORL is helping to shape the future of healthcare cybersecurity and compliance.

Mikael Öhman, CEO, CORL Technologies

We combine our deep knowledge of healthcare risk, regulations, and requirements with an intuitive and client-centered technology to solve the heart of the TPRM problem for both sides of the healthcare contract.