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Press ReleasesFrom the vault of Vendormate
Vendormate Stakes Out Leadership Position In Hospital Vendor Management and Compliance
Atlanta, GA January 22, 2007 – Vendormate today announced highlights of their 2006 performance. Early in the year Vendormate made the strategic decision to focus on healthcare, providing credentialing and compliance monitoring services to manage vendor relationships.
According to Chairman and CEO Andy Monin, the clearly focused marketing strategy has delivered performance significantly above plan by virtually all measures. “Our solution has application across a broad range of markets, ranging from retail and construction to financial and government services,” said Monin. “However, we realized early in 2006 that hospitals are particularly overwhelmed by the volume of vendors and the limitations of their resources. We provide a solution to capture, credential and monitor the vendor information that is now required by regulators. In 2006, overwhelming interest and acceptance of our solution proved that it is a cost-effective, high performance, risk management and compliance tool for hospitals.”
Vendormate has over 20,000 vendors and 20 hospitals nationwide participating in the Vendormate VISION credentialing solution. “Vendormate will change the way ethics and compliance is done in healthcare across the country. It is important for my colleagues to know about this technology,” commented Mary Ann Bowman Beil, Vice President of Ethics and Compliance at Memorial Health in Savannah, Georgia and a Vendormate client.
Monin said he is particularly proud that Vendormate was accepted by the Advanced Technology Development Center in March 2006. ATDC is a nationally recognized science and technology incubator that helps Georgia entrepreneurs launch and build successful companies, providing strategic business advice and connecting its member companies to the people and resources they need to succeed.
In 2007 Vendormate plans to solidify its position as the market leader in healthcare vendor risk management by focusing on a national sales effort and key business development relationships while continually enhancing its industry-leading product and service array.
About Vendormate
Vendormate delivers proprietary software for vendor registration, screening, rating, and cataloging. The program assures compliance with both internal policies and government mandates, including HIPAA and Stark Law. Vendormate captures all critical vendor information in a private labeled consolidated system, provides a service that registers and screens them based on public records and government watch lists, ensures compliance using the institution’s own criteria, indexes them based on UNSPSC categories, and then provides continuous monitoring. For more information on Vendormate call 877-483-6368 or go to www.vendormate.com.