Vendormate Signs 500th Corporate Agreement

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Healthcare suppliers select Vendormate for credential management programs to meet hospital demands for compliance documentation.

Vendormate, the leading healthcare vendor credentialing provider, signed its 500th corporate credentialing agreement. The contract reflects the growing interest among suppliers to the healthcare industry in streamlining the process and expense of meeting emerging compliance requirements.

Most hospitals mandate that suppliers and their representatives register through vendor credentialing services, like Vendormate, before conducting business. Through the registration process, credentialing services verify that vendors comply with specific standards. Standards range from clearing government sanction lists to ensuring that individual representatives that call on hospitals are free from communicable diseases. Managing this collection, verification and monitoring process has become increasingly complex for both hospitals and their suppliers.

“Healthcare suppliers want to meet their customer’s requirements, but managing the unique requirements of each customer one by one is complex,” said Amy Leiter, Vendormate’s Vice President of Vendor Relations. “Today 1 out of 5 representatives in Vendormate’s database of 140,000 registered representatives are covered by a corporate plan. It’s much more time efficient – as well as cost efficient – for these suppliers.”

Vendormate pioneered direct-to-corporate relationships while other credentialing services focused on individual representatives. By linking the registrations of individual representatives to their employer, Vendormate launched two innovative products in 2009 to help vendors manage the compliance effort. Vendormate Open Access offers healthcare vendors expense management control with a single annual credentialing payment valid for all Vendormate customer hospitals. Vendormate Credential Manager gives suppliers insight into their representative’s compliance status and control to manage document filing for the sales professional. These two products represent the corporate plans that most suppliers choose.

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 http://www.vendormate.com or vendorcompliance.wordpress.com.

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