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).

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

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