Breaking the Vendor Compliance Ceiling

September 8, 2010 at 5:34 pm Leave a comment

Compliance and credentialing requirements, such as OIG LEIE sanction checks, apply to many healthcare vendors — even those that never visit a hospital.   So hospitals that focus their vendor compliance efforts on on-site vendor reps create an artificial cap to compliance.  In our experience, 4 in 10 of the hospital’s vendor base is untouched when attention is paid only to the vendors that have feet in the halls.

Yet some hospitals have broken the 60% compliance rate ceiling.   How?

By integrating vendor compliance and credentialing into their on-boarding, contracting, or accounts payable processes.   We’ve seen hospitals take one or more of these steps to close the credential gap and minimize their risk exposure.

  1. Ensure vendors are credentialed and compliant  when on-boarding data into the vendor master database by either synchronizing with or even importing Vendormate VISION data.
  2. Add standard language to new contracts and contract renewals to ensure vendors register and fulfill compliance requirements before executing a final contract.
  3. Some hospitals add a step into purchase order or invoice creation that calls for AP managers to check Vendormate VISION to ensure vendors are compliant.

These straightforward process changes have the profound effect of blowing right through the compliance ceiling.

Contributed by:  Ed Zunzunegui, VP of Operations, Vendormate

Entry filed under: vendor compliance, vendor management.

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