ProviderTrust
ProviderTrust is a healthcare compliance software that automates ongoing monitoring of OIG exclusions, primary source license verifications, and sanction checks to ensure your network remains safe and compliant.
Riskonnect
Riskonnect is a comprehensive integrated risk management software providing a unified platform to visualize, manage, and mitigate strategic, operational, and insurable risks across your entire organization to improve resilience.
Quick Comparison
| Feature | ProviderTrust | Riskonnect |
|---|---|---|
| Website | providertrust.com | riskonnect.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2010 | 2007 |
| Headquarters | Nashville, USA | Kennesaw, USA |
Overview
ProviderTrust
ProviderTrust helps you automate the complex process of healthcare compliance and credentialing. Instead of manually checking exclusion lists and license statuses, you can rely on a platform that monitors your entire network of employees, vendors, and providers daily. It connects directly to primary sources like the OIG, SAM, and state licensing boards to alert you the moment a change occurs, preventing potential fines and protecting your organization's reputation.
You can manage all your compliance data in one centralized dashboard, replacing messy spreadsheets and fragmented systems. The platform is designed to handle the high-volume needs of health systems and health plans, ensuring that no excluded or unlicensed individual slips through the cracks. By automating these repetitive background checks, you save hundreds of administrative hours while maintaining a continuous state of audit-readiness.
Riskonnect
Riskonnect gives you a centralized platform to manage the complex world of corporate risk. Instead of juggling disconnected spreadsheets, you can bring your insurance claims, safety audits, and compliance requirements into a single view. This unified approach helps you see how one risk impacts another, allowing you to make smarter decisions about your organization's safety and financial stability.
You can use the platform to automate manual reporting and track incidents in real-time across global locations. Whether you are managing workers' compensation claims or monitoring third-party vendor threats, the software adapts to your specific governance needs. It is built on the Salesforce platform, ensuring you have enterprise-grade security and the ability to scale as your risk landscape evolves.
Overview
ProviderTrust Features
- Automated Exclusion Monitoring Monitor your employees and vendors against OIG, SAM, and all 50 state exclusion lists automatically every single day.
- Primary Source Verification Verify professional licenses directly with primary sources to ensure every provider in your network is currently authorized to practice.
- Sanction Tracking Receive instant alerts when a provider receives a disciplinary action or sanction from a state board or federal agency.
- Vendor Compliance Management Track the compliance status of your third-party vendors and their employees to mitigate enterprise-wide regulatory and financial risks.
- Continuous Monitoring Move beyond point-in-time background checks with a system that watches your data 24/7 and flags issues immediately.
- Audit-Ready Reporting Generate detailed compliance reports with one click to prove your due diligence during internal audits or regulatory inspections.
Riskonnect Features
- Claims Administration. Manage the entire life cycle of insurance claims from initial incident reporting to final settlement in one system.
- Internal Audit Management. Streamline your audit workflows by planning, executing, and reporting on internal controls and compliance requirements automatically.
- Third-Party Risk. Monitor your vendors and partners to identify potential security or financial vulnerabilities before they impact your operations.
- Health and Safety. Track workplace incidents and safety observations to reduce lost time and ensure you remain compliant with regulations.
- Compliance Tracking. Centralize your regulatory requirements and internal policies to ensure every department stays aligned with current legal standards.
- Business Continuity. Build and test recovery plans so you can maintain critical operations during unexpected disruptions or global crises.
Pricing Comparison
ProviderTrust Pricing
Riskonnect Pricing
Pros & Cons
ProviderTrust
Pros
- Daily automated monitoring significantly reduces manual administrative workload
- Intuitive dashboard provides a clear overview of organizational compliance
- Excellent customer support and proactive guidance during implementation
- High data accuracy reduces the number of false-positive matches
Cons
- Initial data cleanup and implementation requires significant time
- Custom pricing can be high for smaller healthcare facilities
- Reporting tools have a slight learning curve for new users
Riskonnect
Pros
- Highly customizable interface matches your specific workflows
- Built on Salesforce for familiar navigation and security
- Excellent reporting tools for high-level executive presentations
- Consolidates multiple risk types into one single source
- Strong community support and regular software updates
Cons
- Initial implementation requires significant time and resources
- Learning curve for users unfamiliar with Salesforce
- Configuration changes often require specialized technical knowledge
- Pricing is high for smaller organizations