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The health industry is facing enormous challenges and fundamental shifts in how it operates. Organizations are transforming how they leverage technology and manage digital capabilities in the wake of the pandemic. At the same time, they’re confronting increased reliance on third-party systems and service providers, cost pressures and an increasingly complex, evolving regulatory environment. And they’re doing all of this with heightened scrutiny from auditors, shareholders and government agencies. This broad array of challenges dramatically increases and complicates the financial, technological, compliance and regulatory risk faced by healthcare companies.
PwC addresses complex problems and business transformations our clients face. The healthcare industry confronts new demands and risks daily, and our global team of more than 4,000 US and 12,000 global professionals are ready to meet the challenge these demands present.
The goal: moving from reactive—or compliance-driven—approaches to more proactive resilient growth strategies.
With cross-functional expertise, cutting-edge analytics and technology enablement solutions, PwC can help in developing healthcare controls, systems and processes, addressing key governance issues and provide guidance on risk oversight.
Develop data protection, privacy, and cyber security programs, track and operationalize regulations, manage investigations/notifications, coordinate and support privacy programs, serve as specialized subject matter specialist.
Develop, conduct and execute annual risk assessment and refresh processes, including audit and monitoring work plan activities.
Support your regulatory compliance program through strategy, training, reporting, auditing and benchmarking through co-source or outsourced models.
Assess regulatory change management process, real time monitoring of regulations, intake, and support operationalization and implementation.
Support for your Internal Audit (IA) and SOX functions through co-source and outsource solutions as well as IA transformation programs.
Support your compliance audit and monitoring program through strategy, training, reporting, auditing and benchmarking through co-source or outsourced models.
Assessment, guidance, and support around your organizational transformation efforts (i.e., ERP changes, digital / upskilling programs, other system implementations).
Provide a strategic, risk-based, and pragmatic approach to support internal investigations and regulatory inquiries by supporting internal legal/compliance teams and outside counsel.
Tim Canonico
Principal, Pharmaceutical and Life Sciences, Cyber, Risk and Regulatory Leader, PwC US