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Healthcare Vendor Management Checklist: Risk & Compliance

Ensure vendor partnerships support patient safety & data security. This Healthcare Vendor Management Checklist streamlines due diligence, risk assessment, & compliance monitoring - vital for mitigating legal & financial exposure. Download now and strengthen your healthcare supply chain!

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Vendor Onboarding & Due Diligence

1 of 10

Initial assessment and risk profiling of new vendors before engagement.

Vendor Description and Services Offered

Vendor Risk Level (Low, Medium, High)

Estimated Annual Spend

Services Provided (Select all that apply)

Vendor Start Date

Vendor Business License/Registration

Contract Review & Legal Compliance

2 of 10

Ensuring contracts meet legal and regulatory requirements, including HIPAA and data security clauses.

Contract Type

Summary of Key Contract Terms

Effective Date of Contract

Contract Expiration Date

Contract Value (USD)

HIPAA Compliance Clauses Present?

Legal Review Signature

Financial Stability Assessment

3 of 10

Evaluating vendor's financial health to mitigate potential disruptions in service.

Annual Revenue (USD)

Debt-to-Equity Ratio

Current Ratio

Credit Rating (if applicable)

Date of Last Financial Statement

Upload Last Financial Statements (PDF)

Business Continuity Plan Availability?

Security & Data Protection

4 of 10

Verification of vendor’s security protocols, incident response plans, and data breach notification procedures.

Vendor Security Framework Certification (e.g., SOC 2, HITRUST)

Encryption Strength (Bit Length)

Data Security Controls Implemented

Vendor Security Assessment Report (e.g., Penetration Test Results)

Data Residency Compliance

Summary of Vendor's Incident Response Plan

Business Associate Agreement (BAA) Compliance

5 of 10

Ensuring the BAA is complete, accurate, and adhered to by the vendor.

BAA Executed?

BAA Execution Date

Summary of Key BAA Terms

HIPAA Security Addendum Included?

Copy of Executed BAA

Number of Covered Entities Listed in BAA

Data Use Restrictions Clarified?

Performance Monitoring & Reporting

6 of 10

Tracking vendor performance against agreed-upon metrics and addressing any performance issues.

Uptime Percentage (Last Month)

Average Response Time (Seconds)

Service Level Agreement (SLA) Compliance

Number of Critical Incidents

Date of Last Performance Review

Summary of Performance Trends (Last Quarter)

Audit & Risk Assessments

7 of 10

Regular audits of vendor compliance with contractual obligations and regulatory requirements.

Last Audit Date

Audit Type

Audit Score (1-100)

Summary of Audit Findings

Areas of Non-Compliance

Supporting Audit Documentation

Remediation Plan Owner

Remediation Completion Date

Vendor Relationship Management

8 of 10

Maintaining open communication and collaboration with vendors to ensure ongoing satisfaction and risk mitigation.

Frequency of Scheduled Check-in Meetings

Last Communication/Meeting Date

Overall Vendor Satisfaction Level

Summary of Recent Communication & Key Discussion Points

Escalation Point of Contact for Issues

Topics for Next Scheduled Review

Offboarding and Data Retrieval

9 of 10

Securely offboarding vendors and retrieving sensitive data upon contract termination.

Contract Termination Date

Reason for Contract Termination

Termination Notice Documentation

Data Retrieval Status

Number of Data Records Retrieved

Notes on Data Retrieval Process

Signature of Responsible Party

Continuous Improvement & Updates

10 of 10

Reviewing and updating vendor management processes to address emerging risks and regulatory changes.

Last Process Review Date

Summary of Recent Process Changes

Regulatory Updates Considered?

Number of Vendor Management Audits Completed This Year

Areas for Potential Improvement Identified

Action Items for Next Review Cycle

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