Healthcare

HOSPITAL, DAY-CARE, NURSING HOME, DIAGNOSTIC CENTRE

Increased compliances, tightened regulations, lawsuits, reputation management and social media scrutiny warranted healthcare industry the need for well-defined operating procedures including a robust Contract Lifecycle Management system. Artificial intelligence enabled contract management for healthcare organizations ensure easy contract authoring, generate real-time visibility into contracts such as Insurance Arrangement, Business Partner Agreements even at clause and SLA level, and drive compliance throughout the lifecycle of the contract. As a compliance, legal and risk officer, you can just focus on doing using your intellect on authoring complex agreements, clauses instead of grappling with mundane job of handling paper work, image or even MS Word based contracts.

Volody CLM—Enterprise Contract Management Software—enables healthcare organizations to streamline all contract authoring and execution processes, reduce risks, and create technology enabled better compliance management framework. We have specially designed features for Healthcare businesses include.

Seamless integration of Artificial Intelligence, Machine Learning and work-flow programming for smooth contract execution process.

Ensure compliance with Health Insurance Portability and Accountability Act (HIPAA) and IRDAI.

Track and manage contractual data comprehensively to ensure all compliances are in place and valid.

Maintain audit trail and versions for all the changes made to all kind of contracts including vendor, service providers, customers and third parties.

Smartly create contract with use of AI and ML and provide base document to users (Legal Or Business) with the use of repository, clause library, similar contract with counter-parties.

Integration with reputed e-signature companies including Docusign, NSDL to allow electronic signature as per law of land.

Easy visibility to contractual obligations, milestones, deliverables to ensure adherence to the scope of work and meet delivery timelines and budget expectations.

Internal approval workflow to ensure that all contracts are duly approved as per internal Limits of Authority.

Store and manage all executed contracts within indexed, searchable and secure repository.

Communication with business, legal and counter-party.

Various dashboards, MIS and vital information for data analytics and improve your revenue, control costs and manage vendors.

Generate reports to increase transparency and stakeholder accountability for key actionable items and performance indicators.

Reminders for renewals, negotiations and executions to ensure availability of legal contract at all time.