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Georgia Hospital Association and Georgia Hospital and Health Services Endorse Vendormate Vision Solution GHA/GHHS say Vendormate Vision the best way for hospitals to achieve due diligence, realize efficiency and properly manage vendor relationships
ATLANTA, July 24, 2006 – The Georgia Hospital Association (GHA) and its affiliate Georgia Hospital Health Services (GHHS) announced today their exclusive endorsement of Vendormate, Inc.’s (www.vendormate.com) patent-pending VisionTM solution as the best way for hospitals to achieve due diligence, realize efficiency and properly manage vendor relationships. The endorsement closely follows the Inspector General of the Department of Health and Human Services’ release of guidelines suggesting compliance departments maintain greater oversight of hospital operations or risk severe penalties.
Atlanta-based Vendormate provides technology and compliance-monitoring services that help companies manage vendor relationships. The company’s flagship Vision solution features vendor registration, screening, rating and cataloging, customized to satisfy internal quality standards and government mandates, including HIPAA, Sarbanes-Oxley and the USA Patriot Act.
“Vendormate Vision has the potential to radically transform hospital purchasing and compliance practices so hospitals can focus on their most important mission: caring for patients,” said Bill Wylie, Director of Program Services for GHHS. “By putting purchasing power back where it belongs – in the hands of the buyer – GHA member hospitals can be certain their vendors adhere to GHA and their own high-quality standards.”
According to Vendormate Founder and CEO Andy Monin, Vision was born from the need for hospitals and other highly sourced, complex businesses, to properly screen, certify and successfully manage their myriad vendors to improve operations and remain compliant. Depending on a healthcare entity’s size and service lines, Vendormate estimates hospitals manage from 3,000 to 40,000 vendors each.
“Vendormate will change the way Ethics and Compliance is done in healthcare across the country,” said Mary Ann Beil, Vice President of Corporate Ethics, Memorial Health. Memorial Health’s University Medical Center in Savannah, Georgia’s largest coastal hospital with 530 beds, is the first Georgia hospital to adopt Vendormate Vision.
“From RFPs and purchasing to insurance compliance and conflict-of-interest acknowledgments, every hospital administrator should know about Vendormate Vision,” concluded Beil.
GHA/GHHS’ exclusive endorsement is the result of a year-long due diligence process. The GHA and GHHS serve as advocates for 180 member hospitals, or roughly 98 percent of the state’s hospitals.
About GHA/GHHS
GHA is a non-profit organization that serves to promote the health and welfare of the public through the development of better hospital care for all of Georgia's citizens. The mission of the GHA is to advocate for and assist members to improve the delivery of accessible, quality, comprehensive and cost-effective hospital and health services and to improve the overall health status of the community. From its headquarters near Atlanta, GHA represents its members to Congress and the General Assembly and before federal and state regulatory agencies. GHHS is a wholly-owned for-profit subsidiary of GHA. The mission of GHHS is to assist GHA member hospitals by offering products and services that assist in improving patient care and hospital management.
About Vendormate, Inc.
Atlanta-based Vendormate provides technology and compliance-monitoring services to assist companies as they manage their vendor relationships. Through its patent-pending Vision process, Vendormate provides a streamlined private-labeled solution for customers to manage the composition and risk of their supplier-base with very little impact to their budget. Vision's standardized system of vendor registration, screening, rating, and cataloging is uniquely suited to satisfy both internal qualification tasks and government mandates including HIPAA and Sarbanes-Oxley.
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