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Vendormate Storms into 2008 with Major Milestones for Hospital Vendor Compliance
Date:1/16/2008

ATLANTA, Jan. 16 /PRNewswire/ -- With the ringing in of a new year, Vendormate, Inc celebrated the accomplishments and milestones that mark the company's successes and will be the foundation of new heights in the coming year.

By increasing its customer base 600% in 2007, Vendormate now serves more than 175 hospitals with over 35,000 beds in 21 states across the U.S.

"Vendormate is the 'must have' vendor information management solution for hospitals and healthcare systems," said Andy Monin, Vendormate president and CEO.

The Vendormate team outperformed expectations, satisfying customers and winning praise.

-- Recognized by the Technology Association of Georgia as one of Top 40

most innovative companies in Georgia

-- Six major software releases, capped by the October release of

Vendormate VISION 4.0

-- Added Mark Chapman to finance team as Chief Financial Officer

-- Signed Amerinet and Child Health Corporation of America as

distribution partners reaching over 2,000 hospitals and healthcare

organizations

-- 100% customer retention rate

The 2007 software releases delivered tremendous strides from a feature, functionality and value perspective to Vendormate's services.

"We now provide twice as many vendor due diligence checks per hospital than in the year prior. With nearly 200,000 unique record checks for the average hospital, Vendormate is helping hospitals protect their supply chain and meet regulatory and compliance requirements based on HIPAA, CDC, AORN, and ACS guidelines for controlling access to patients and patient data," said Bill Hayes, Vendormate COO.

"Vendormate's unique process credentials the entire vendor - the representative in the halls, the executive team running the business, and the enterprise's legal and financial status. Failure at any of these touch points creates unnecessary exposure and risk for patients and operations," said Monin.

In 2008, Vendormate will continue to build on its reputation as the high value brand in vendor information management by extending services directly to the healthcare industry's vendors. "With the team we have in place, 2008 looks to be a breakout year," said Monin.

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 Stark Law. Registered vendors are registered, screened, rated and catalogued by custom criteria and continuously monitored for non-compliance. An integrated badge feature controls access to facilities. For more information call John Harper at 1-877-483-6368, go to http://www.vendormate.com or visit our blog at vendorcompliance.wordpress.com.


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SOURCE Vendormate, Inc.
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