Pinning down the specifics of MSSP pricing can be a challenge: You’re seeing differences in per-device pricing, tier-based pricing, and something about pick and choose pricing. Faced with the likely reality that your healthcare organization may not have the resources to hire an in-house team to secure data, an MMSP is the clear solution but the pricing is anything but.
The cost of a single data breach in the healthcare sector sits at a staggering $10 million-plus, making it no surprise that more and more industry organizations are making the move to improve their security posture with a Managed Security Service Provider (MSSP).
“MSSP pricing can be hard to understand at first glance,” said CEO Joe Khan. “There are a number of different options available, and understanding the depth of service is critical so your organization doesn’t pay for what it doesn’t need.”
Let’s break down the factors that influence MSSP pricing, the differences between specifics like per-device pricing and tier-based pricing, and the specific ways MSSPs support healthcare organizations like yours.
The MSSP Pricing Model
More healthcare providers are relying on MSSPs because of the suite of services they offer to protect, monitor, and manage an organization’s security posture. MSSPs do everything from thwarting cyberattacks to ensuring compliance with industry regulations, protecting patient data, medical records, and other sensitive information.
The MSSP pricing model centers around several different factors, including:
- How many devices your company uses
- The number of users you have
- The level of monitoring required
- Services included in your MSSP package
Per-device pricing covers the total number of devices that your MSSP is being contracted to monitor. This includes:
- Network devices
- Mobile devices
- Any other connected hardware
The thinking behind this kind of MSSP pricing is fairly straightforward: The more devices there are, the greater the potential entry points for threats, and consequently, the more resources the MSSP needs to allocate for protection, monitoring, and response.
For organizations interested in this pricing model, it’s essential to ensure that all devices, from the main server to the remote mobile device of an employee, are accounted for to maintain a robust security posture.
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For per-user pricing, apply the same thinking that we did for per-device pricing: Per-user calculates costs based on the number of individual users or accounts that will be utilizing these managed security services. This pricing is especially something to consider if you have team members that work with multiple devices.
By focusing on per user, rather than devices, MSSPs ensure that regardless of the device or access point, the user’s interactions remain secure and monitored.
Depending on the cybersecurity protections your organization already has in place, the depth and breadth of monitoring you need is likely to vary.
Some organizations might only need basic monitoring, such as firewall management and intrusion detection, while others are looking to invest in advanced options, like advanced threat intelligence, real-time analytics, and proactive incident response.
Cost increases with the complexity of services required. Think along the lines that a basic package might include simple log monitoring. On the other hand, an advanced package of services might cover everything from 24×7 real-time monitoring, threat hunting, to immediate incident response.
Selecting Individual Services
Every healthcare organization has different security vulnerabilities that need to be addressed, and that’s why a one-size-fits-all approach to security may not be the best choice. If you go with this option, it’s imperative that you understand the exact ways in which an MSSP will be supporting your organization.
Getting the specifics is where service level agreements (SLAs) come in. With this information, you’re able to understand and keep an eye on the specific services your company signed up for. Pricing for this option will be tailored based on what your business selects.
Managed Security Services Pricing at a Glance
|Per Device||$10 – $20/device/month||$21 – $70/device/month||$80 – $250/device/month|
|Per User||$150 – $200/user/month||$250 – $300/user/month||$300+/user/month|
|Tiered Service||$100 – $150/month (per month/per user)||$200 – $250/month (per month/per user)||$300+ (per month/per user)|
The Services You’re Getting With MSSP Pricing
Here are just of a few of the services your MSSP can provide to improve your organization’s security posture:
- EMR/EHR security: These specialized services protect Electronic Medical Records and Electronic Health Records—maintaining data integrity and patient privacy.
- Compliance management: Make sure all your security measures adhere to industry regulations, including HIPAA, and with audit-ready reports.
- Disaster recovery and business continuity: Guarantee business is always running smoothly with solutions to ensure rapid recovery of healthcare IT systems in the event of disasters or unforeseen interruptions.
- 24/7 security monitoring: Even if a threat strikes in the middle of the night, 24/7 monitoring detects and responds to threats in real-time.
- Endpoint protection: Prevent malware infections and data breaches with protection for devices like workstations, servers, and mobile devices.
MSSP Pricing Made Simple with ISOwire
Never settle for more than you need to pay for. Handpick from a suite of MSSP services, from risk assessment to 24×7 security monitoring. With our no contract, no obligation approach to service.
Book a free consultation and learn how ISOwire can help manage your security posture for a fraction of the cost of an in-house team.