Articles by author: MarketScale
Kelly Connell describes how contract reporting has added significant value, even in its early stages. They have developed reports that track workflow, process, and tasks. These reports provide valuable information to her enterprise, including clinician contracting work and contract status from request to execution, as well as updates when positions terminate or leave the organization.
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Healthcare
Amanda Hausmann: Can you share examples of successful outcomes that resulted from implementing or updating your contracting policies in your health system?
Amanda Hausmann talks about how prior to these policies, contracts were managed haphazardly across multiple hospitals. Centralizing the contracting process with experts handling negotiations and signatures, has led to a remarkable increase in appropriate contract handling, from 70% to 99%, and reducing risk at their healthcare entity.
Healthcare
Amanda Hausmann: What is one key KPI that’s crucial to monitor in healthcare contract management?
In healthcare performance, monitoring various KPIs is essential but the primary metric is the contract lifecycle time. Amanda Hausmann describes how tracking every contract’s timeline ensures accountability and timely execution for hospitals.
Healthcare
Kelly Connell: What are the keys to good workflow development?
Kelly Connell emphasizes the importance of effective workflow development by thoroughly considering the workflow’s purpose and intended outcomes. This involves identifying challenges, defining user roles and interactions, documentation needs, and opportunities for process improvements and software enhancements to streamline the contract execution process.
Healthcare
Derek Empie: What are the biggest challenges you’ve come up against when trying to gain organization buy-in for contract lifecycle management?
Derek Empie discusses that the primary hurdle in contract lifecycle management implementation is changing the organization’s mindset. People resist change, but effective communication about the reasons behind it, emphasizing risk assessment and financial stewardship, can foster understanding. Gaining executive leadership support is also crucial for a smoother transition.
Healthcare
What is one word you would use to describe healthcare contracting without confidence in your data?
NAC members describes what it means when you have healthcare contracting without confidence in your data.
Healthcare
2023 NAC Meeting – Chicago
Ntracts hosted its 2nd annual in-person NAC meeting this month with a full roster including strategic CLM discussion topics presented by each provider member, keynote speaker Wendy Rubas on contract and information management, and plenty of Chicago-themed fun.
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