What is GRC?
GRC refers to the framework and processes that organizations use to manage and align governance, risk management, and compliance activities to achieve their goals while ensuring adherence to regulatory requirements.
In what context is Governance, Risk Management, and Compliance applicable?
A healthcare organization utilizes GRC strategies to ensure that its governance structure complies with healthcare regulations, mitigates financial risks, prevents fraud and malicious activity, and maintains ethical standards. Other elements of GRC include process controls, health and safety issues, and environmental considerations.
