Performing a complete verification with vendor compliance checks is an essential step in ensuring that your business partners align with your company’s legal, ethical, and operational standards. This process involves a thorough evaluation of vendors through documentation review, background screening, regulatory compliance assessments, and risk analysis.

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CMS Open Payments is a transparency program by the Centers for Medicare & Medicaid Services (CMS) that tracks payments and transfers of value from drug and medical device companies to healthcare providers. The goal is to provide public insight into financial relationships that may influence medical decisions.

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OIG screening refers to the process of checking individuals or #entities against the #office of #inspector #General’s (OIG) List of Excluded Individuals/Entities (LEIE). This list includes those excluded from participating in federally funded healthcare programs due to scams, abuse, or other violations. #healthcare #organizations use #oig #screening to ensure #compliance and avoid #penalties by not hiring or doing #business with excluded #parties.

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#vendor #compliance refers to the adherence of suppliers to a company's established #guidelines, #requirements, and standards. These may include product #quality, delivery schedules, packaging, labeling, and #ethical #practices. Ensuring vendor compliance helps maintain #consistency, reduce #risks, and improve supply #chain efficiency.

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