SUPPLY CHAIN OPTIMIZATION: Managing Healthcare Vendors

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Vendor Credentialing

Manage vendor sales representatives with tools and best practices to reduce liability and ensure compliance to organizational policies.

Allows flexible categorization to pinpoint the types of credentials needed for each category of vendor representative – not a one-size-fits-all approach
Provides Web-based tracking and credentialing, which requires no maintenance and can be set up in minutes
Permits distribution of policies electronically to all vendor representatives
Sends e-mail alerts to supply chain and/or security personnel when vendor credentials have not been provided or have expired
Establishes best practice vendor policies
Provides ongoing updates for policies, procedures and required credentials as regulations change
Offers clear, defensible guidelines on the level of credentialing required for high-risk vs. low-risk vendor representatives
Excludes vendors not required to be credentialed from paying fees and no fees are paid by the hospital

Improve your
Operating Margins

MedAssets improves
and sustains
operating margins
by 1.5% to 5%.

Wellmont Health System

Reliable conclusive benchmarking data convinces physicians to ally in a process that reduces costs while preserving physician choice. Wellmont saves 14 percent on its overall physician preference item (PPI) expenditures for a projected annual savings of $2.5 million and $1.5 million for two of Wellmont’s largest hospitals.