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:3/24/2017)... FL (PRWEB) , ... March 24, 2017 , ... ... Inc. ( http://www.hygieacare.com ) announced their partnership to prep patients for colonoscopy at ... Endoscopy Centers in 87th Ave., Miami, FL. , The HyGIeaCare® ...
(Date:3/24/2017)... ... 2017 , ... “Finding Christ Through Social Media: Year One ... the writer’s path toward true communion with God. “Finding Christ Through Social Media: ... creation of published author Lea Michelle Johnson, a follower of Christ, wife and ...
(Date:3/24/2017)... ... March 24, 2017 , ... “The Communion of ... people of God in congregations across the United States. “The Communion of ... in 1964 who has served congregations in seven states throughout his long career ...
(Date:3/23/2017)... CO (PRWEB) , ... March 23, 2017 , ... A ... bar for entry into teacher preparation programs. The NCTQ report suggests, based on a ... entry requirements would significantly improve teacher quality in the U.S. It argues that this ...
(Date:3/23/2017)... (PRWEB) , ... March 23, 2017 , ... Texas ... located at 960 Gruene Road in Building 2. The clinic is the group’s second ... Bennett, PT, says opening the company’s second New Braunfels location brings things full circle ...
Breaking Medicine News(10 mins):
(Date:3/23/2017)... The key factors driving the growth of dialysis ... growth and increasing healthcare expenditure. Some of the noteworthy trends ... ESRD patients, rising demand for home PD treatment and huge ... market is hindered by high treatment costs and stringent regulations. ... Complete ...
(Date:3/23/2017)... BARBARA, Calif. and INDIANAPOLIS ... (NYSE: LLY ) and the William Sansum ... the lives of Latino people affected by diabetes through ... tremendous burden of diabetes and cardiovascular disease bears a ... United States ," said David Kerr , ...
(Date:3/23/2017)... , March 23, 2017   BioSpace , ... resource, has partnered with Indiana Biosciences Research Institute ... organizations and educational institutions to bring the state,s ... first-ever BioIndiana Hotbed map, an artistic representation of the ... was presented to Vice President Mike Pence , ...
Breaking Medicine Technology: