FRISCO, Texas, Feb. 1, 2024 /PRNewswire/ -- The Health 3rd Party Trust (Health3PT) Initiative today announced significant strides in 2023 toward solving the Third-Party Risk Management (TPRM) problem in the healthcare sector. The Health3PT initiative has grown to over 1,900 professionals representing 1,100 organizations that are currently engaged with the initiative. Health3PT is now guided by 20 Council member organizations that work to establish standards for TPRM to help organizations reduce vendor risk and streamline their vendor risk process.