Vendormate Tackles More Complex Procurement Cycle Management Challenges for Healthcare Organizations

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Vendormate is a piece of the supply chain puzzle that saves me time and money.

Atlanta, GA (PRWEB) February 12, 2014

Vendormate is known for pioneering vendor credentialing in hospitals across the U.S. Its Credential Manager solution enables healthcare organizations and suppliers to meet industry regulations and ensure patient safety, as they build mutual business relationships. Healthcare leaders are realizing that Vendormate goes above and beyond vendor representative credentialing to solve larger-scale challenges related to their procurement cycle management process.

Vendormate’s Procurement Cycle Management platform helps healthcare organizations address these specific supply chain challenges:

• Managing vendor company-level data for onboarding and purchase-to-payment controls
• Sourcing diversity/other-qualified healthcare suppliers and streamlining the RFI process
• Managing contract tasks – creating, approving, managing and evaluating performance
• Managing business associates as required by HIPAA

With more than 300 healthcare systems now using its Sourcing Manager solution to search for products and innovative solutions from more than 68,000 vendors, Vendormate’s newest solution is quickly gaining traction. Hospital users value it for the ease it brings to locating qualified vendors, while suppliers leverage it as an easy way to connect with targeted healthcare buyers in their region.

Having built tremendous experience helping more than 2,000 healthcare organizations improve internal controls and processes, Vendormate’s original credentialing solution is evolving to meet new challenges. As a partner to Greenville Health System (GHS), Vendormate helped lock formulary and control product spend by issuing an approval number during vendor credentialing that is required on all vendor invoices to be paid. Relative to declining costs and increasing performance across his supply chain, GHS Chief Procurement Officer Joe Mateka readily acknowledged, “Vendormate is a piece of the supply chain puzzle that saves me time and money.”

One of Vendormate’s 60 Contract Manager solution customers, El Centro Regional Medical Center has been very pleased with the addition of contract management to its already successful credentialing program. Said Tony Hinds, Senior Director, Supply Chain Management, “Our Contract Manager implementation was painless and amazingly fast; our staff finds the system easy to operate.” He continued, “Its integration with our existing Credential Manager application was icing on the cake, assuring us that we’d receive the same level of high customer service we have valued in the past from Vendormate.”

Said Vendormate CEO Andy Monin, “Our solutions for sourcing and contracting are being adopted by our credentialing customers because they see the value in how they work together to create efficiency and reduce costs.” He continued, “We will continue adding solutions to our platform to solve more procurement cycle management challenges for our customers.”

About Vendormate
Founded in 2005, Vendormate helps healthcare providers and suppliers form and optimize their business relationships with simplified and streamlined processes. Vendormate's unique relationship with more than 2,000 healthcare facilities and 68,000 vendors across the U.S. creates a vast vendor information network that integrates with all Vendormate services. Vendormate's Procurement Cycle Management platform provides providers a holistic approach to vendor management with solutions for sourcing, contracting, on-boarding, business associate management and representative credentialing. Our solutions for healthcare suppliers simplify compliance to provider requirements with reporting, document management and consulting services. In addition, suppliers can improve the effectiveness of sales and marketing dollars utilizing our sourcing solution to attract more customers in less time.

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