Third-Party Due Diligence

Automated screening and monitoring of third-party vendors against regulatory databases, with compliance questionnaires and risk assessment tracking.

Overview

MediSpend's Third-Party Due Diligence solution is designed for life sciences companies that need to manage the growing complexity and cost of screening their third-party networks. As organizations scale, performing due diligence manually becomes time-consuming and prone to human error. MediSpend addresses this by automating the screening process and providing 360-degree visibility into third-party relationships, enabling compliance teams to protect their business and control risk at a low cost.

The solution is part of MediSpend's broader suite of enterprise compliance software, built to empower life sciences companies to grow their business compliantly across global regulatory and commercial requirements.

Centralized Third-Party Management

Monitor and communicate with all third parties from a single, user-friendly dashboard
Upload documentation and create and distribute third-party questionnaires
Easily track responses and attestations from third parties
Update and track demographic information for all third-party entities
Assign Anti-Bribery and Anti-Corruption (ABAC) best-practice training to third parties

Compliance Questionnaires and Re-Certifications

Access an existing library of assessments updated to the latest HIPAA, NERC, and PCI industry standards
Build custom risk assessment questionnaires tailored to specific business and risk needs
Set up automated workflows to distribute, review, and respond to questionnaire results efficiently
Customize the third-party user experience to align with your organization's processes

Enterprise-Level Screening and Monitoring

Monitor all third-party entities against the world's most comprehensive anti-corruption and bribery databases
Screen against 500+ regulatory lists
Coverage across 200,000 unique media publications
Access to 1.5 million politically exposed persons (PEPs) and over 8 million adverse media profiles
Review Corruption Perception Index (CPI) scores from Transparency International directly within the dashboard to support better vendor decisions
24/7/365 continuous monitoring from the world's top ABAC databases

MediSpend's Third-Party Due Diligence solution is delivered as a simple, affordable, all-in-one compliance management platform with a customized third-party portal. It is suitable for businesses of any size seeking enterprise-level coverage without the overhead of manual compliance processes.