VENDOR MANAGEMENT SYSTEM (VMS)

The module has built in logic and capability to adequately monitor and provide complete third-party oversight of delegated entities and other vendors, which partner with your organization.  The tool is designed with the fields requested during a CMS audit, but also contains many additional features to support your end to end management of your vendors.  Store your vendor contracts, track your renewal dates, and closely monitor your service level agreements (SLA's).

 
People Working in Open Office

Value for the users

• Communicate with vendors through the tool, reducing errors and forcing accountability
• Dashboards indicators assist with prioritization of work to avoid missing regulatory deadlines for disclosure
• Clear lines of accountability between compliance, the business and the vendor

 
Business Meeting

Value for the compliance team

  • Built in delegation assessment and separate risk assessment tools

  • Streamlines vendor auditing and monitoring work flows

  • Increases your audit readiness for CMS Medicare advantage compliance program audit

  • Complete Third Party Oversight capabilities and First Tier Entity (FTE) oversight fields built within the module

  • Easy reporting of vendor list and risks to your senior leadership, board of directors or regulators

  • Vendors are users with limited access, so all documentation and attestations are easily tracked and stored