ATLANTA, GA – Vendormate, a software-as-a-service company that provides innovative solutions to healthcare providers and suppliers, today announced significant updates to its Document Repository solution that enables healthcare supplier organizations to more easily share credentials with providers. Additionally, the solution now offers a customizable resource center where vendors can store company-specific documents, help information and any resources necessary to support credentialing. According to Vendormate’s research, suppliers can experience, on average, a 36 percent increase in their representatives’ compliance rates to hospitals’ policies and procedures governing on-site access.
“Lack of proper documentation can lead to lost sales and service opportunities when non-compliant representatives are denied access to a hospital,” said Amy Leiter, VP of Vendor Solutions at Vendormate. “The updates to our Document Repository are another significant step in our mission to help healthcare suppliers improve their compliance rates with hospital policies and improve performance on other key metrics.”
Document Repository is only one component of Vendormate’s suite of solutions designed to help vendors solve their credentialing challenges and continue to be compliant, trusted suppliers to their hospital customers. From reporting to full outsourcing of vendors’ credentialing programs, Vendormate allows suppliers large and small to better manage monitor and track all hospital-required compliance information. “By helping vendors meet the highest-level of credentialing, regulatory and policy requirements for all healthcare providers, Vendormate can help these organizations save time and keep their representatives sales and service ready,” says Leiter.
Along with helping improve compliance rates, Vendormate’s vendor solutions benefit suppliers in other key performance areas by:
• minimizing time spent managing credentials; and
• maximizing the effectiveness of sales and field service representatives.
To learn more about Vendormate’s Document Repository, visit the supplier Credentialing Management page on vendormate.com.
Founded in 2005, Vendormate helps healthcare providers and suppliers form and optimize their business relationships with simplified and streamlined processes. Vendormate’s unique relationship with more than 2,000 healthcare facilities and 68,000 vendors across the U.S. creates a vast vendor information network that integrates with all Vendormate services. Vendormate’s Procurement Cycle Management platform offers providers a holistic approach to vendor management with solutions for sourcing, contracting, on-boarding, business associate management and representative credentialing. Our solutions for healthcare suppliers simplify compliance to provider requirements with reporting, document management and consulting services. In addition, suppliers can improve the effectiveness of sales and marketing dollars utilizing our sourcing solution to attract more customers in less time.
About Primus Capital
Primus Capital is a private equity firm that invests in high-growth companies within the healthcare, software, technology-enabled services, and education industries. Founded in 1983 and currently investing Primus Capital Fund VII, Primus has invested in over 100 growth companies. Transaction types include buyouts, recapitalizations and growth equity investments. For more information, visit www.primuscapital.com.