Managing Business Associates

Lessons From the Banking Industry
When it comes to managing relationships with business associates to help with HITECH Act compliance, healthcare organizations could learn some lessons from the banking industry.In an interview, Donald Saxinger, senior examination specialist with the Federal Deposit Insurance Corp., discusses:

  • Proven vendor management strategies in banking;
  • What you need to know about cloud computing;
  • The impact of social media.

Saxinger is the team leader and subject expert for the FDIC's Division of Supervision and Consumer Protection in the area of regulatory IT examinations. He serves as the lead developer of the FDIC's IT examination standards and procedures, IT examiner education, and IT examination oversight. He has written or contributed to various regulatory policies, such as third-party risk and outsourcing, business continuity, payment systems, authentication, identity theft, spyware, and other emerging technologies. He is also a member of the FFIEC IT Examination Handbook working group, which publishes the interagency guidance and examination procedures for various IT, payment, and operational risk areas. 

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