Ntracts is a excited to be a part of the 2024 Fall IPMI Healthcare Law & Compliance Institute event taking place in Los Angeles, CA, October 6-8, 2024. We’re looking forward to connecting with CLOs, GCs, AGCs, and other legal and compliance professionals from hospitals and health systems nationwide to discuss critical aspects of healthcare compliance in today’s challenging landscape.
Contract lifecycle management experts, Stephanie Haywood, Senior Vice President of Sales & Client Engagement at Ntracts, and David Paschall, Chief Executive Officer at Ntracts, will facilitate a Think Tank session on: “Understanding The Critical Role of Aligning Policies and Procedures with Contracting Best Practices to Maximize Contract Lifecycle Management (CLM) Effectiveness”
In this interactive session, the speakers will explore how, beyond ensuring patient and staff health and safety, one of the top concerns for healthcare leaders is the risk of facing regulatory compliance fines.
A decade or so ago, contract management was strictly viewed as a way to improve administrative processes in health systems. Now, Contract Lifecycle Management (CLM) has proven to be an integral part of an organization’s compliance strategy, impacting financial, and operational outcomes.
In addition to compliance, Contract Lifecycle Management also impacts efficiency and resource allocation and utilization within healthcare organizations. By streamlining and automating their contracting processes, organizations can maximize their resources and make the most of their investments, thereby increasing efficiencies and better managing costs.
Guided Discussion Questions:
- What documented policies and procedures do you have in place for your contracting processes?
- What specific outcomes are you hoping to achieve by improving your contract management processes?
- What are the best practices for adjusting policies to reduce bottlenecks in your contracting process?
- What strategies do you use to develop Contract Lifecycle Management policies and procedures? How do you communicate those policies and procedures throughout your organization?
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