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Did you know that 50% of hospitals indicate that they have faced at least one data breach caused by third-party vendors in the past two years? A recent report from the Ponemon Institute - IBM Security shows that the average cost of a healthcare data breach in the United States is $15 million - the equivalent of $429 per record.
Because most of their work is done “behind the scenes,” healthcare supply chain professionals rarely get the recognition they deserve. That’s why symplr® is pleased to have the opportunity to celebrate them during National Health Care Supply Chain Week, October 6 – 12. As a leading healthcare vendor credentialing provider, we have the privilege of working with supply chain professionals every day. Over the years, we’ve seen their roles transform. What began as straight-forward product purchasing has evolved into a multi-faceted management position with responsibilities that affect the health and safety of patients, staff and visitors.
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Let’s start with a quick thought experiment: what would $600 buy for your healthcare facility?
From working with hospitals around the country, we’ve come up with a set of six best practices for implementing a successful vendor management program. Follow these guidelines to help ensure your program will succeed in delivering the highest level of compliance, patient safety, and staff awareness.