Datasheets

Enterprise Contract Management for Healthcare

Issue link: https://resources.icertis.com/i/1149563

Contents of this Issue

Navigation

Page 0 of 1

Enterprise Contract Management for Healthcare With the Icertis Contract Management (ICM) platform, healthcare payers and providers can ensure full compliance in a strict regulatory environment and enable seamless contract collaboration between insurers, physician groups and other stakeholders. To address these challenges, some of the world's largest healthcare payers and providers have turned to the Icertis Contract Management (ICM) platform and its robust suite of apps. While the ICM solution is ultimately configured for each customer, our capabilities for healthcare include: • Functionality to execute bulk actions including mass amendments on Physician Participation Agreements to quickly respond to high volumes of regulatory or commercial changes • Automated verification of required BAAs before contracts are completed and auto-initiation of BAAs in cases where they are missing • Case management capability to allow stakeholders to submit requests for amendments, new contracts and disputes • Full source-to-contract functionality to optimize direct and indirect procurement Icertis' healthcare solutions offer unmatched benefits across the entire enterprise. We handle all contract types, have integration adapters for other enterprise systems, and can ensure that companies continue to maximize the value of their contracts long after each one is signed. The SOLUTION The ChaLLeNge Today's healthcare payers and providers operate in an ever-changing, complex regulatory and commercial environment. In order to stay competitive and compliant, these organizations need to be able to react quickly to changing laws and foster close collaboration with third-party business partners. Contracts are key to addressing these imperatives. In working with some of the world's largest healthcare organizations—both payers and providers—Icertis has identified a number of common challenges: • Manual management of complex agreements between payers and providers is time-consuming and error-prone, especially for Physician Participation Agreements that contain provider details, program details, large volumes of reimbursement terms, participating locations, etc. • Business Associate Agreements (BAAs) required by law are cumbersome to initiate and verify, slowing the contracting process • Claims, disputes and change requests are impeded by a lack of self-service capabilities on agreements • Inability to take bulk actions like mass amendments on large volumes of contracts • Complex Administrative Service Agreements between providers and employers are difficult to create and maintain Icertis, the leading enterprise contract management platform in the cloud, solves the hardest contract management problems on the easiest to use platform. With Icertis, companies accelerate their business by increasing contract velocity, protect against risk by ensuring regulatory and policy compliance, and optimize their commercial relationships by maximizing revenue and reducing costs. The AI-infused Icertis Contract Management (ICM) platform is used by companies like 3M, Airbus, Cognizant, Daimler, Microsoft and Sanofi to manage 5.7 million contracts in 40+ languages across 90+ countries.

Articles in this issue

view archives of Datasheets - Enterprise Contract Management for Healthcare