Using Open FAIR™ Approach to Improve Risk Governance and Capital Allocation in Healthcare
Channel: The Open Group
Date: 2021-08-24

Using Open FAIR™ Approach to Improve Risk Governance and Capital 
Allocation in Healthcare - Apolonio Garcia
Apolonio “Apps” Garcia, CRISK, has 20+ years of experience in IT, Information Security, and Risk Management, working in both technical and management roles. He has been applying and teaching quantitative risk analysis methods, including Open FAIR™, for over a decade. 
 As the founder and CEO of HealthGuard he helps hospital leaders use Open FAIR™ to make better risk-informed decisions. He is also serving as Board President of the Society of Information Risk Analysts (SIRA), a non-profit dedicated to promoting effective risk analysis methods. 
 Apolonia is a decorated veteran of the U.S. Navy and is an active member of the Open Group Security Forum. https://www.opengroup.org/forum/security

This presentation will explore how the Open FAIR Approach has been used to help hospital executives make better resource allocation decisions and improve risk reporting to hospital boards.

According to the American Hospital Association, more than three dozen U.S. based hospitals entered into bankruptcy last year, with industry losses expected to exceed $300B. During this same period, the healthcare industry saw cyberattacks double, according to an IBM X-Force report. If it wasn't clear before, it should be now, healthcare is under siege, and hospital Boards and Administrators have some difficult times and decisions ahead. 
Apolonia Garcia President & CEO, HealthGuard

Find out more about The Open Group OpenFAIR Certification here: https://www.opengroup.org/certifications/openfair
The Open FAIR Certification Program is based on the Open FAIR™ Body of Knowledge, which is comprised of two standards:
Open Risk Taxonomy Technical Standard (O-RT). This standard defines a standard taxonomy of terms, definitions, and relationships used in risk analysis.
Open Risk Analysis Technical Standard (O-RA). This standard describes the process aspects associated with performing effective risk analysis.

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