Preferred Contract Lifecycle Management Software for Healthcare Sector

Agile and compliant contracting for Healthcare Enterprises

The healthcare industry has an immensely complex contract landscape, all healthcare and medical facilities whether large or small juggle multiple contracts with patients, the government, pharmaceutical suppliers, medical equipment suppliers, physicians, real estate companies, and more! And with this also being a highly regulated field, any compliance issues are penalized with huge fines and expensive lawsuits. Zycus, a 3rd time in a row leader in the Forrester WaveTM Contract Lifecycle Management is perfectly positioned to help Enterprises in the Healthcare industry with their contract ailments.
 

Key contract management challenges faced by Healthcare enterprises:

Irregular monitoring of patient

Irregular monitoring

of patient forms and contracts, mishandling of patient data, and consent agreements can cause reputational damage as well as revenue loss.
Keeping up

Keeping up with the myriad

compliance regulations from bodies that govern healthcare, including HIPAA, GLBA and many others can get overwhelming if contracts are handled manually.
Staying on top

Staying on top of multiple

insurance-related contracts to safeguard revenue and protect against lawsuits.
With climate change

With climate change

and the advent of new viruses, black swan events like the Covid-19 pandemic may become more common. This can put further pressure on the already complex regulatory landscape of healthcare.
 
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How AI-powered CLM
solves these key challenges:

Explore Merlin for Contracts
Draft contracts

Draft contracts
easily with user-friendly templates, clause libraries & external template support

Access supplier

Access supplier
performance from past contracts, and analyze risks involved in supplier contracts

Mitigate contractual risks

Mitigate contractual risks
by identifying potentially risky clauses such as Force Majeure and benchmarking against industry standards using AI

Track contract

Track contract
milestones to never miss payments, obligations and expiry dates

Control pricing

Control pricing
and reduce spend with analytics on contract utilization, indexed vs non-indexed contracts

Maintain positive

Maintain positive
buy-side as well as sell-side relationships with on-time contract delivery

Integrations to fast-track business operations

AppXtend

AppXtend

Fetch raw material prices from third-party index and augment third-party supplier data provider
iRequest

iRequest

Fast-track contract creation by originating contract initiation process directly from a sourcing event
Salesforce

InstaReview

Get complete visibility into potential risks in contracts along with suggestions to mitigate them to achieve 100% process compliance.
 

Experience
the power of
AI-powered iContract

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