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Vendor credentialing is the process hospital administrators go through of vetting third-party suppliers and sales reps before purchasing items or services from them. It’s a key part of an administrator’s responsibility to ensure that rules and regulations are maintained, both for the protection of patients and a hospital’s resources. Vendor credentialing is typically managed by the organization’s supply chain department, and is driven by directors of supply chain or materials management. However, administrators of vendor credentialing can include many people within a facility - basically anyone responsible for managing access to the facility or maintaining relationships with vendors.
Chain-of-custody security is the forgotten champion of effective credentialing We often hear about all the ways IT departments secure their data: with encryption, tokenization and vaults in both physical and virtual environments. Most people visualize these methods when they think of any data security.
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Managing a hospital’s supply chain involves a whole lot more than ordering supplies. It encompasses managing the relationship with every entity that sells to you or has a material influence on your organization.
A comprehensive vendor credentialing program can be a hospital or healthcare organization’s best defense against potential liability and litigation, while ensuring quality control and cost-containment. Unfortunately for the healthcare supply chain, trying to tie together all the elements of compliance can feel like an unending, time-consuming cycle of paperwork and frustration. We have found that a highly-organized system is the best approach.
In a healthcare setting, credentialing is a top priority for physicians to go through. However, there is another kind of credentialing that is growing more popular as governing bodies and organizations put pressure on hospitals to protect themselves from potential risks. Hospital vendor credentialing is a key component in ensuring hospital administrators have a grasp on the activities occurring in their hospitals.
It goes without saying that medical hospitals are busy places. Patients, physicians, employees, volunteers, and vendors alone translate to thousands of people every day – add visitors to the mix, and the total number rises by thousands or even tens of thousands every month.