Risk of Vendor Onboarding: ESG, Cyber Threats & Vendor Screening Tips

Risk of Vendor Onboarding: ESG, Cyber Threats & Vendor Screening Tips

Getting healthcare treatment isn’t just about price and quality nowadays, but it also encompasses safety, ethics, and data security. Therefore, knowing that vendor screening has been completed for the vendor supplying medicine or medical equipment puts the individual at ease. It also represents healthcare facilities committed to delivering proper care with high-quality service. Reliance on […]

Continue Reading
Vendor Compliance – Explained in Simple Terms

Vendor Screening and Compliance Checks – Explained in Simple Terms

Vendor compliance checks are a crucial practice that helps you avoid working with unreliable or unverified vendors. These checks include verifying vendors’ financial and criminal backgrounds to eliminate financial fraud risks and legal penalties. In addition, vendor screening and compliance checks ensure the vendor is qualified to meet all requirements and complies with all applicable […]

Continue Reading
Meaning of Vendor Compliance and How It Saves You From Legal Penalties

Meaning of Vendor Compliance and How It Saves You From Legal Penalties

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 […]

Continue Reading
Vendor Screening Healthcare Sector

Vendor Screening and Its Importance in the Healthcare Sector

Screening your vendors is a multi-step process in which vendors are thoroughly vetted for compliance with laws and regulations, relevant experience, history with other clients, and qualification 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 […]

Continue Reading