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 compliance screening and checks ensure that the vendor is qualified to fulfill all requirements and complies with all […]
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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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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 […]
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