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Press ReleasesFrom the vault of Vendormate
Vendormate Gives Vendors the Keys to Healthcare Market
March 5, 2009 – Vendormate announces Vendormate Open Access and Vendormate Credential Central, the first vendor-side solutions to manage the rising credential and compliance requirements from healthcare providers.
Vendormate Open Access gives small and large healthcare vendors expense management control over growing vendor compliance registrations with a single annual payment that is valid for all Vendormate customer hospitals.
Vendormate Credential Central lets healthcare industry suppliers outsource the entire compliance management process to Vendormate. With Vendormate Credential Central, Vendormate lightens the load of vendor representatives and administrators by loading documents for them and monitoring rep status. Vendormate Credential Central also allows vendor company management to review and approve policies and acknowledgements before reps accept.
Approximately one-third of the hospitals in the U.S. have vendor credentialing programs that encompass healthcare industry representatives, according to research. When sales representatives register individually, their employers lose visibility into what the representatives are agreeing to and to the costs.
In healthcare, a number of government agencies and professional associations create guidelines for accreditation, compliance, and best practices. “Each healthcare system controls its own operating processes and policies, just as any enterprise does. Vendor companies are anxious to comply, but struggle to keep up with each system’s unique requirements and each rep’s participation,” said Kristine Hayes, Vendormate’s Director of Vendor Relations. “Since Vendormate has insight into the requirements of over 500 hospitals, suppliers can use these programs to make their compliance efforts more efficient.”
Vendormate is the leading vendor management solution, providing customized business and representative credentialing and monitoring for healthcare systems, financial services, and other enterprises across the U.S.
About Vendormate, Inc.
Vendormate protects the health of supply chains with a unique vendor credentialing and compliance monitoring solution. The program assures compliance with both internal policies and government mandates, including HIPAA and Deficit Reduction Act. Registered vendors are screened and rated by custom criteria and continuously monitored for non-compliance. An integrated badge feature controls access to facilities. Call 1-877-483-6368, or visit www.vendormate.com or vendorcompliance.wordpress.com.