Third-Party Due Diligence

MediSpend's Third-Party Due Diligence solution addresses the challenges faced by life sciences companies as they grow in size and complexity. It automates the due diligence process for third parties, reducing costs, saving time, and minimizing human error. The solution provides 360-degree visibility into third-party networks, helping businesses protect themselves and manage compliance risks effectively.

Simplify Third-Party Due Diligence

The platform allows users to monitor and communicate with all third parties through a single, user-friendly dashboard. It supports uploading documentation, creating and distributing questionnaires, tracking responses and attestations, updating demographic information, and assigning ABAC best-practice training.

Compliance Questionnaires and Re-certifications

Users can send compliance questionnaires and re-certifications using a library of assessments updated to the latest industry standards like HIPAA, NERC, or PCI, or they can create custom risk assessment questionnaires tailored to their specific needs. Once workflows are set up, the system automates distribution, review, and response processes.

Enterprise-Level Coverage

The solution offers enterprise-level coverage suitable for businesses of any size. It monitors vendors using the world's largest anti-corruption and bribery database, checking against over 500 regulatory lists, 200,000 media publications, 1.5 million politically exposed persons, and more than 8 million adverse media profiles. Users can access corruption perception index scores from Transparency International via a customized dashboard to make informed business decisions.

MediSpend's Third-Party Due Diligence solution provides a comprehensive, affordable, and all-in-one compliance management system with 24/7/365 monitoring from top ABAC databases. It features a customized, easy-to-use third-party portal, ensuring peace of mind while safeguarding the company's reputation and financial health.