Navigation Links
Economic Uncertainty Fuels Vendormate Growth in 2008
Date:1/13/2009

ATLANTA, Jan. 13 /PRNewswire/ -- Vendormate nearly tripled its customer base in 2008 and now serves more than 500 hospitals in 42 states across the U.S. in part because of economic uncertainty. Vendormate captures, credentials, and monitors suppliers to help mitigate the risk of supply chain interruptions.

"With the global economic slowdown, healthcare and financial service providers in particular are anxious about their supply chain," said Andy Monin, Vendormate president and CEO. "Service interruptions from a break in the supply chain can be devastating. The economy of the past year has demonstrated that supplier viability can change quickly. Credentials and requirement hurdles easily met at the start of a contract may not be cleared later in the contract life. Vendormate helps these providers monitor the financial health and compliance documentation of their suppliers to base risk assessments on current information, not data from a year ago."

Financial services, particularly community and regional banks, are also turning to Vendormate for support with vendor information management. Government auditors are asking banks to document due diligence in selecting and managing outsourcing partners, particularly in information technology.

Vendormate also released offerings directly to the vendor community to manage their corporate and representative credentials across healthcare buyers. "Vendors are anxious to meet the requirements of their customers," said Kristine Hayes, Director of Vendor Services. "Our services for vendors now include complete credential management for a company and all its representatives."

Highlights for Vendormate in 2008 include:

-- Tripling the number of hospital beds under contract to over 100,000

-- Adding the ability to check a potential vendor's financial health, as well as state and federal sanctions clearances, before adding them to the supply chain.

-- Recognition by the Technology Association of Georgia for the second time as one of the 40 most innovative companies in Georgia

-- Supply & Demand Chain Executive magazine naming Andy Monin a "2008 Pro to Know"

    -- AeA recognition with a Spirit of Endeavor Award nomination

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.


'/>"/>
SOURCE Vendormate, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Divided We Fail Launches Next Phase of National Campaign to Fix Americas Health and Economic Crises
2. Medical Economics Selects Jim Hohman to the 150 Best Financial Advisors for Doctors in America List
3. Economic Downturn Impacting Womens Ability to Plan for Long-Term Care Costs, New Survey Finds
4. Economic Downturn Takes Toll on California Hospitals
5. Newly Reactivated Health Economics Research Institute to Launch New Initiatives for Improving Health Care Delivery
6. Economic Stress Taking Toll on Peoples Health
7. Top CEOs and Other Executives Gather in Miami to Address Economic Crisis, Alternative Energy, Health Care and More
8. Regence Supports Meaningful Health Reforms; Unveils Poll Saying Nations Economic Woes Shouldnt Delay Reforms
9. "The Economic Report" Show to Feature Gradient Medical, LLC
10. Make a Mental Wellness New Years Resolution: How to Reduce Stress and Maintain Mental Health and Wellness in the Face of Economic Challenges
11. Economic Downturn Means Increased Demands on Budget-Challenged State Health Coverage Initiatives
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2016)... ... 2016 , ... The Journal of Pain Research has published the ... , As corresponding author Dr John F. Peppin says “Terminology matters, yet little attention ... pain patients. ‘Chronic cancer pain’ and ‘chronic non-cancer pain’ are replete in the ...
(Date:2/9/2016)... (PRWEB) , ... February 09, 2016 , ... ... therapy products, announced today the introduction of the newly designed, innovative shoulder wrap. ... and better cold therapy coverage for the injured arm and shoulder to promote ...
(Date:2/9/2016)... ... ... Shark Finds and Kevin Harrington, and the Product Managers of AsSeenOnTV.pro are pleased ... newly patented product that has solved some of the basic problems golfers have faced since ... or right after a rain shower, might understand the struggle of placing the club down ...
(Date:2/8/2016)... ... 2016 , ... Coast Dental has a new way to help parents keep ... family dentist Yvonne Dorrian, DMD, is hosting a free seminar on Friday, February 19 ... Target at 1207 North Peachtree Parkway in Peachtree City. Dr. Dorrian will have healthy ...
(Date:2/8/2016)... , ... February 08, 2016 , ... If you are ... to handle, you are not alone. According to the Center for Disease Control and ... stroke, type 2 diabetes and certain types of cancer, some of the leading causes ...
Breaking Medicine News(10 mins):
(Date:2/9/2016)... FRANCISCO , February 9, 2016 ... biotechnology company focused on developing products for Regenerative Medicine, ... be a featured presenting company at Source Capital Group,s ... on February 10-11, 2016 in New York ... on Wednesday, February 10, 2016 at 12:30 pm by ...
(Date:2/9/2016)... 9, 2016 Hearing protection devices refer to ... transmitted to the inner ear. Hearing protection devices include ... devices are recommended for users exposed to noise levels ... to HPD that are inserted in the ear canal ... to provide more natural sound perception with the help ...
(Date:2/9/2016)... -- The leader in accelerated orthodontics, OrthoAccel ® ... recipient of the 2015 Townie Choice Award in the ... device that speeds up orthodontic tooth movement by as ... with treatment, AcceleDent was selected by orthodontists from across ... survey of the most reliable and reputable products ...
Breaking Medicine Technology: