The Arlington, VA based company offers a cloud-based compliance management platform that delivers a simple, cost-effective way for medical firms to demonstrate information security compliance and meet industry standards. Ostendio’s My Virtual Compliance Manager (MyVCM) solution makes it easy for organizations to customize and maintain an effective compliance program. The MyVCM solution offers a range of policy tools and templates that can be tailored to quickly meet the compliance and security requirements. Besides, MyVCM’s high level control audit is designed to swiftly identify major security gaps in a company’s security and compliance program.
In addition, the MyVCM document management module helps maintain a comprehensive document that tracks new policy changes and stores all the previous policies for future estimation. MyVCM also supports a training module to enable employees to understand and review company policies. MyVCM assists medical centers to manage risk factors by monitoring vendor risk
With a vision to augment digital health care operations, Ostendio has been successful in providing intelligent solutions to solve risk and compliance threats faced by many organizations. For Instance, mProve Health, providing mobile technology services to the life sciences, had formerly submitted a proposal to a national Contract Research Organization (CRO) for helping them select and enlist clinical trial candidates. However, the mProve team were concerned that their activities were not sufficient to match security and compliance standards required by their prospective client. “mProve Health required a way to recover their approach to risk management and compliance, and better showcase their efforts which our solutions provided,” says Elliot. mProve lacked an effective way to demonstrate the policies they had already implemented owing to inadequate maintenance of information. After setting up Ostendio’s MyVCM Platform, mProve was able to manage and exhibit adherence to regulatory requirements and are now actively implementing their clinical trial selection tool for the CRO.
Ostendio, with its distinct expertise in compliance management, handles all aspects of information administration and auditing for healthcare organizations. One of their unique offerings—MyVCM Trust Network helps digital health firms to securely share compliance information with the stakeholders. The MyVCM Trust Network can be leveraged by companies to educate employees on their security awareness, real-time vendor compliance activity and incessantly monitor industry standards.
Our solution helps innovate digital health companies demonstrate compliance to health regulatory bodies by providing a realistic way to reduce risks and improve security