2024 Contract Compliance Checklist
To first and foremost, protect patients, many agreements are highly regulated. Provider arrangements specifically are governed by several laws including the Federal Anti-Kickback Statute and the Stark Law.
Due to the complexity and importance of contract oversight, healthcare organizations must take steps to ensure regulatory and organizational compliance.
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Healthcare Contract Compliance Checklist
A Quick & Easy Way To Avoid Non-Compliance Headaches
Our Contract Compliance Checklist is designed specifically for healthcare organizations, tackling one of the most complex parts of managing your organization—contract compliance. It’s a quick guide to avoid major non-compliance headaches.
Why is this important? Staying compliant with healthcare regulations isn’t just about avoiding fines—it’s about safeguarding your organization and your patients. Healthcare contracts, such as provider arrangements and vendor agreements, are subject to stringent regulations like the Federal Anti-Kickback Statute and Stark Law. Non-compliance can lead to not only financial penalties but also operational disruptions. With healthcare regulations continually evolving, the risk of non-compliance has never been higher.
Here’s what you’ll gain access to when you download our checklist:
1. Enhanced Contract Management
Managing healthcare contracts can feel overwhelming, given the range of vendor, service, and provider agreements. Our checklist helps ensure contracts are stored centrally, with all the necessary information easily accessible for review. This eliminates duplicate contracts and prevents unnecessary spending, keeping your organization lean and efficient.
2. Standardized Contract Procedures
Healthcare contracts must be fully executed and legally binding before services can be rendered. Refer to this checklist for a clear path to ensure both parties are defined, terms are outlined, and the contract is properly executed. Automating these steps can reduce errors and speed up the contract lifecycle.
3. Regulatory Compliance Safeguards
Failure to follow healthcare regulations can open your organization to hefty fines and legal risks. Ensure that all organizational policies, such as vendor credentialing and fair market value reviews are followed. Automated reminders – where possible – to attach all supporting documentation is key to avoid missing critical details that could lead to compliance issues.
4. Proactive Monitoring & Audits
Healthcare organizations thrive on accurate data. Partnering with a robust CLM ensures that all milestone dates are tracked and properly documented. With reminders for critical reviews like contract renewals, quality assessments, and KPI evaluations, your organization can avoid financial and operational setbacks.
Ready to take control of your contract management and ensure compliance?
Complete the form to get instant access to our Contract Compliance Checklist—your guide to a more compliant, streamlined healthcare organization!