Companies in the healthcare and pharmaceuticals sector face a wide array of risks that arise from both external and internal factors. Cybersecurity threats pose significant challenges, as breaches can expose sensitive patient data and proprietary information, leading to financial and reputational damage. Additionally, these organizations must navigate complex and ever-changing regulatory environments, which demand continual compliance efforts and adaptation to avoid penalties or operational disruptions. Rising labor and operational costs further strain resources, while supply chain vulnerabilities, exacerbated by global disruptions, geopolitical tensions and raw material shortages, add to the uncertainty. Reputational risks also loom large, such as product quality issues, ethical controversies, or public backlash against practices like animal testing can undermine trust and impact market performance.

To mitigate these risks, companies should adopt comprehensive, integrated risk management strategies that enable proactive identification and response to emerging challenges. Investing in advanced technology platforms capable of real-time monitoring and data-driven decision-making enhances resilience and operational efficiency. 

1. Executive Perspectives on Top Risks for the Near- and Long-Term: Healthcare Industry Group Results

Explore the top 10 emerging risks in healthcare for 2025 and beyond, including cyber threats, workforce issues and third-party risks impacting growth.

2. Consolidation of the Healthcare Industry

Drive informed decision-making by capitalizing on Q2 2024’s robust healthcare M&A trends, marked by surging biopharma and MedTech deals, and resilient deal volumes amid shifting valuations.

3. Billing and Collections Review Audit Work Program (Healthcare)

Review billing, collections and account follow-up processes for your healthcare organization.

4. Request for Proposal: Internal Audit – Healthcare Industry

Learn how to find an internal audit service provider to support your healthcare organization.

5. Collaborative Security for Medical Devices – Best Practices for Device Manufacturers and Healthcare Delivery Organizations

Enhance patient care by securing medical devices through collaborative cybersecurity practices between manufacturers and healthcare providers.

6. Internal Audit Benchmarking Trends in Healthcare

Discover the latest internal audit benchmarking trends in healthcare and leverage them to enhance alignment, improve performance and deliver greater value.

7. Adjusting Internal Audit Priorities in Healthcare Organizations

Explore three areas of focus, two related to the healthcare industry-specific results from the 2020 Next Generation of Internal Auditing Survey and one looking at the current state of healthcare internal audit functions.

8. Baseline Controls Audit Work Program: Healthcare

Review and assess baseline controls for various areas, including billing and collections, cash controls, accounts payable, general accounting, payroll, and claims processing.

9. Cash Collections, Security and Recording Review Audit Work Program (Healthcare)

Assess the controls related to cash collections at multiple locations for a healthcare organization.

10. Manage and Administer Benefits: Healthcare Reimbursement Accounts RCM

Learn about the risks and controls common to the ‘‘manage healthcare reimbursements accounts process’’ in a risk control matrix (RCM) format.