Vendor Information
Kentucky River Medical Center
values the partnerships we have with vendors across our network. The goods and services of our partners allow us to deliver quality care to the communities we serve. As a trusted healthcare provider, we must ensure all our vendors meet certain federal compliance requirements.
To streamline the process of verifying our vendor information and monitoring federal and state databases to screen for exclusions, we are launching VendorProof.
We are requiring each vendor to enroll in VendorProof and submit key business information.
VendorProof: Vendor Portal
VendorProof is designed to help healthcare organizations maintain regulatory compliance and ensure accurate vendor information across the healthcare continuum.
Enrollment Process
All vendors are required to enter and update pertinent information through the VendorProof portal. Enrollment information includes
- Business and contact information
- Federal tax ID#
- Ownership information
- Inherent risk survey
- Current W-9
How it works: Vendors register with VendorProof and enter relevant business information through the easy-to-use portal. VendorProof then monitors the vendor, checking for compliance and risk-related issues. All vendors are required to enroll, regardless of the service provided (e.g., cleaning service, vehicle maintenance, decorating service, any healthcare service, etc.).
VendorProof will then perform regular checks for OIG Exclusions, Medicare Fraud, IRS issues, and other risk-related issues, including Medicare Advantage Compliance Program requirements.
Marketplace
When vendors complete VendorProof enrollment, they have the option to create a vendor profile for the VendorProof Marketplace. The Marketplace serves to promote compliant vendors to healthcare organizations.
Enrollment Fee
All vendors are expected to complete the enrollment process and pay the annual fee to ProviderTrust unless an exception has been granted. Payments can be submitted via credit card on the VendorProof portal.
OIG Exclusions
An OIG exclusion refers to an individual or business that has been flagged as a risk to federal healthcare programs and their beneficiaries: healthcare service providers.
OIG Exclusions require healthcare organizations to monitor employees along with the vendors who provide goods and services to the organization. According to the OIG, an excluded individual or entity may not provide services that are payable by federal healthcare program dollars.
Exclusion Authorities
OIG (Office of Inspector General) has the authority to exclude individuals and entities from federally funded healthcare programs pursuant to section 1128 of the Social Security Act , and from Medicare and state health care programs under section 1156 of the SSA.
OIG maintains a list of all currently excluded individuals and entities called the List of Excluded Individuals/Entities (LEIE). Anyone who hires an individual or entity on the LEIE may be subject to civil monetary penalties (CMP).