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Third-Party Risk Management

Meaning

The concept of Third-Party Risk Management, when translated into a clinical context, refers to the systematic process by which a biological system or healthcare strategy identifies, evaluates, and mitigates potential vulnerabilities and adverse outcomes arising from external interactions or influences that could disrupt physiological homeostasis or therapeutic efficacy. It involves understanding how external agents, not directly controlled by the primary clinical intervention, might affect internal biological processes and patient well-being.