Vendor compliance is a crucial practice that saves you from working with unreliable and unverified vendors. Compliance checks include verifying the financial and criminal backgrounds of vendors to eliminate financial fraud risks and legal penalties. In addition, these checks ensure that the vendor is qualified to fulfill all the requirements and follows all the government […]
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Vendor compliance is a vital responsibility of every Healthcare organization. It ensures that the organization only works with vendors who follow all quality and security standards. Compliance checks also help the organization verify the vendor’s involvement in illegal activities. This is why working with vendors without compliance checks increases the risks of legal penalties and […]
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Vendor Screening is a multi-step process where the vendors are thoroughly checked for law compliance, relevant experience, history with other clients, and if they are qualified to work with the organization. These vendors offer medical equipment, pharmaceuticals(drugs/medicines), and other essential services required by the healthcare organization. Screening the vendors before entering into a contract is […]
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