Which vendor is a security risk?
Our vendor risk management system will reduce by 75% the resources required for your organization to lower vendor security risk, increase compliance, and maintain vendor HIPAA OCR audit readiness.
You have hundreds or thousands of vendors to manage
- Keeping track of which vendors have access to PHI and their evolving security profiles as they update their product or service can be an administrative nightmare
- New vendors are added every month and the back and forth evaluation and onboarding process can be extremely time consuming
- A privacy or security breach is more likely to happen with more vendors having access to PHI
- Addressing these challenges is critical, but spreadsheets are not efficient and consultants are expensive
ConfidentVMS simplifies vendor management, including
- onboarding
- evaluation, and
- tracking
It does this by employing
- automated workflow tools, and
- smart, adaptive, questionnaires
Our process management engine delivers cost reductions and maximum efficiency by automating the following tasks:
- Prompts and reminders for vendors to input and update information
- Evaluation and onboarding of new vendors
- Periodic re-evaluation of existing vendors
- Management of internal approvals and notifications
- Identification and resolution of exceptions
- Integration with your other systems
Why You Need ConfidentVMS
Reduces Risk
- Reduced security risk
- Reduced non-compliance with regulatory rules and guidelines
- Eliminates gaps in internal processes
Reduces Administrative Costs
- Eliminates manual data entry and duplication of effort
- Eliminates reviewing pre-qualified responses
- Eliminates wasted time on fixed forms and questions
Customizable to your organization
- Branding
- Messaging
- Standards and Policies
Don’t throw spreadsheets or expensive consultants at the problem. ConfidentVMS will make your confidence and readiness rise, as your security risk goes down!