True (Azure Service Health is a combination of three separate smaller services and one of them is Resource Health.
Resource Health provides information about the health of your individual cloud resources such as a specific virtual machine instance. Using Azure Monitor, you can also configure alerts to notify you of availability changes to your cloud resources. Resource Health along with Azure Monitor notifications will help you stay better informed about the availability of your resources minute by minute and quickly assess whether an issue is due to a problem on your side or related to an Azure platform event.)
