Choosing Healthcare Contract Management Software for Hospitals

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Choosing Healthcare Contract Management Software for Hospitals and Healthcare Companies

The Growing Need for Digital Solutions in Healthcare

There’s no question that healthcare is one of the most competitive industries in the world. It is also becoming one of the more technologically savvy industries, as healthcare firms and hospitals increasingly turn to digital tools to manage processes and analyze data to make informed decisions that benefit patients.

Yet, the healthcare industry still has a long way to go when it comes to finding the best healthcare contract management software (CMS). In 2019, Black Book Market Research found that 96 percent of healthcare provider organizations and systems in the U.S. were not using a CMS. They were either using manual processes or an outdated system.

Overcoming Challenges with Effective CMS

Manual processes can be tedious and error-prone. They can get lost or forgotten, especially if you don’t have a meticulous organizational strategy, which is important when managing contract data.

If you’re using a manual or outdated system, you may be looking at healthcare contract management software and wondering how to make the best decision for your organization and contract data.

Picking a healthcare CMS is an important and specific choice. Often, healthcare contracting operates in a highly regulated environment where HIPAA and other PHI-related laws impact choices. The challenge is finding ways to lower costs and improve efficiency without sacrificing the quality of care every patient receives.

I use the DocJuris software and NDA playbook almost every day. I am a happy customer. It helps me to process NDAs faster.

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Energy Vault

Book a call and get set up on a free trial to see targeted contract management software.

Setup BAA playbooks and other targeted healthcare specific tools.

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Finding the Right CMS for Your Healthcare Organization

When you are looking for a CMS, the first question to ask is whether general-purpose contract lifecycle management (CLM) tools will work for your organization. The answer to that is often no because of specific pain points you might have.

For example, contract negotiation is a growing area of pain for healthcare providers. In healthcare, contracts usually exist between physicians and a healthcare plan, healthcare provider, managed care organization, integrated delivery system, or health maintenance organization. They can also exist between healthcare providers and vendors, employees, and other parties.

Every healthcare contract needs to comply with applicable state and federal laws that protect patient privacy and follow HIPAA and PHI guidelines. Because of these specific requirements, general-purpose management software solutions typically cannot empower users to negotiate healthcare contracts more effectively.

clm software that delivers

Healthcare Contract Management Best Practices

Because there are so many types of healthcare contracts, healthcare organizations must have a streamlined process that ensures nothing gets lost. Here are some best practices to follow when your organization is ready to implement a digital contract management strategy.

What to Look for in a Healthcare Contract Management Software Suite

When you start looking for contract management software, the most important thing to consider is how safe your data is. Using software that is not explicitly designed with healthcare organizations in mind puts you and your patients at risk.

Additionally, you want to use a CMS that will improve your process and workflow so that contracts don’t get lost or forgotten. It should integrate with your existing management systems so that you don’t need to start from scratch.

Here are some key questions to ask when you are considering a contract management software suite:

  • Does it handle specific contract types, or does it take more of a one-size-fits-all approach?
  • Can the system standardize the negotiation and markup processes across those contract types?
  • Does it allow you to negotiate contracts using specific playbooks for HIPAA or PHI related contract reviews?
  • Does the contract repository consider drafts in the context of pre-and post-signature analysis?
  • Can the system integrate into your existing management systems, or will you need to start all over?
  • Is it using a secure cloud-based environment that is SOC2 ready?
  • Does the CMS allow for integrated playbooks to speed up contract negotiation training?

Often contract management software misses several (if not all) of these critical concepts.

Traditional CMS suites overlook how vital the contract negotiation process is, particularly when working with vendors that have access to potential PHI either on or offshore. It’s critical that you keep your contract negotiation process secure and organized so that nothing gets lost and private information does not get leaked.

A Better Way to Negotiate Healthcare Contracts

DocJuris offers a better way to draft, review, and negotiate contracts in the healthcare industry. Our end-to-end tools can help you reduce risk and improve efficiency across your healthcare organization.

With integrated playbooks, including ones that are specific for HIPAA and PHI-related contract reviews, DocJuris has everything you need to streamline your contract review and negotiation process.

DocJuris makes redlining agreements much easier because you can easily review redlines, make changes, and generate a document to return.

Geodis
Geodis
Joseph K.
Counsel

Book a call and get set up on a free trial to see targeted contract management software.

Setup BAA playbooks and other targeted healthcare specific tools.

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Success stories

As a legal department of one, I appreciate

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I use the DocJuris software and NDA playbook almost every day. I am a happy customer. It helps me to process NDAs faster.

Energy Vault
Energy Vault

As a legal department of one, I appreciate that it automatically names the documents according to the turn being completed. Version control is never an issue with DocJuris.

Invnt Group
Invnt Group
Michael R.
General Counsel

DocJuris makes redlining agreements much easier because you can easily review redlines, make changes, and generate a document to return.

Geodis
Geodis
Joseph K.
Counsel

Streamlined my reviews and reduced my workload, thereby allowing me to work on other high visibility projects.

Hudson Trading
Hudson Trading
Imran F.
Senior Counsel

Alternatives lack the true AI intelligence. DocJuris stands out with its robust, intelligent contract review capabilities.

Johnston Equipment
Johnston Equipment
Many M.
Contracts Manager

I can review a sales contract in 8 minutes!

Faro Technologies
Faro Technologies
Sara C.
Senior Counsel

Implemented Doc Juris as their artificial intelligence contract review tool to speed up negotiations.

Flex
Flex

The more you use the tool, the smarter and more cost-effective it becomes. DocJuris frees up resources, allowing legal teams to focus on emerging needs.

CMA CGM
CMA CGM
Kristi Thompson
Deputy General Counsel
20k+
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