Vendor Management Office

Disciplined Vendor Management Office (VMO) operations are critical to the growth, financial health and the mission of providing quality care to members. Health plans are positioned to recognize significant cost savings and efficiency creation opportunities by establishing, fully integrating and optimizing VMOs.

ProspHire drives in-depth analyses and recommends strategies to help organizations operationalize their VMO. Our custom tools help streamline the vendor selection and onboarding processes, and the efficiency measures we put in place will help any organization realize real cost savings.

 

Outcomes

ProspHire specializes in developing, implementing, and maturing vendor management programs. We follow a proven framework approach to help health plans efficiently and effectively manage every aspect of their vendor management lifecycle, identify cost savings opportunities, and limit third-party risk exposure.

Scalable VMO Project Management
Realized cost savings and ROI
Improved Vendor and Contract Lifecycle Management
Enhanced Third-Party Risk Management
Optimized Strategic Sourcing and Procurement
Customizable Business Intelligence and Reporting

Deliverables

ProspHire provides a complete suite of vendor management solutions, managed services, and technology-based tools to support VMO optimization and end-to-end vendor lifecycle management support.

  • Vendor Portfolio Dashboard
  • Contract Portfolio Dashboard
  • Vendor and Contract Scorecard
  • Supplier Code of Conduct