Expanding Certification Services Drummond Group's recent launch of SOC 2 and FHIR Client Certification Programs, along with its development of pediatric health IT standards, indicates a focus on expanding its compliance and certification offerings within the healthcare and cybersecurity sectors. This presents opportunities to cross-sell related certification and testing solutions to existing clients and attract new organizations seeking comprehensive health IT certifications.

Focus on Healthcare Innovation The company’s substantial investment in health IT standards such as ONC, HIPAA, and emerging AI risk assessments reflects a strategic focus on innovative health technology solutions. Selling to healthcare providers, medical device manufacturers, and health IT developers who need advanced compliance tools and AI risk mitigation services could drive growth opportunities.

Cybersecurity Service Growth With the reintroduction of SOC 2 audit services amid increasing cybersecurity demands, Drummond is positioned to attract organizations prioritizing cybersecurity and data privacy. Developing tailored cybersecurity and third-party risk assessment services could tap into a broader market of regulated industries and digital health entities.

AI and Risk Management Focus The company's recent launch of AI Risk Assessment services and risk management certification programs indicates a growing demand for secure AI deployment. Targeting AI-driven health IT developers and organizations implementing AI solutions can provide opportunities for consultancy, testing, and certification services.

Regulated Industry Expertise Given Drummond's long-standing experience in highly regulated industries and its extensive compliance portfolio, there is potential to expand outreach to other regulated sectors such as financial services, government, and telecommunications that require rigorous standards adherence and privacy compliance solutions.