Healthcare

Although the primary function of hospitals and healthcare organizations is to monitor patient care, they routinely deal with high volumes of contracts, just like any other business. However, hospitals operate in a highly regulatory environment unlike other businesses and is characterized by a fragmented ecosystem of payors, insurers, doctors, suppliers, and patients. With Volody CLM, all the stakeholders will be on a single platform to contract smarter, automate redundant tasks, and gain undisputed efficiency in terms of reduced costs, better compliance with JCACHO, HITECH, ACA, and HIPAA, and with quality and data protection standards such as GCP and GDPR., while focusing entirely on improving patient care outcomes.

Hospitals have to deal with different types of contracts, including agreements with the doctors, contracts with pharmaceutical vendors and medical devices vendors, IT service agreements, to name a few. Apart from generating a vast number of contracts, hospitals manage contracts which contain extremely sensitive information and are highly regulated.

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