HOW STRATEGIC IS CONTRACT LIFECYCLE MANAGEMENT (CLM)?
Patients, regulatory policies and business needs are forcing Provider Contract managers to standardize the complex contract management processes. Contract Lifecycle Management is now a strategic imperative that affects Payer & Provider’s ability to compete.
10% of procurement contracts going sour could result in millions of dollars lost in providing Quality of Care (QoC). These underperforming contracts lose money on compliance and risk mitigation.
Legal officers can negotiate common pitfalls in contracting by applying expert methods and benefit from years of industry experience in managing contract lifecycles.
Is your organization ready for this change? Are you debating whether a CLM is a MUST have vs. a NICE to have? Are you trying to understand what a CLM can do for your organization?
Learn how to build a checklist of To-Dos while negotiating contracts, and track performance during the lifetime of the contract.
Join Newgen Software for a 50 minute consultative webinar to get answer to your questions, and get a complimentary case study after the webinar on how Wellcare Health Plan Inc. reduced it’s cost by 35% and increased compliance by 95%.
Sumit Sahdev, Subject Matter Expert, Contract Lifecycle Management, Newgen
Sumit has architected Newgen’s Contract Lifecycle Management solution and has expertise in Provider Contract Management for Healthcare Payers. Sumit Sahdev is a solutions consultant for Case Management and BPM technologies.
- Overview of CLM technology and its relevance to the Payers & Providers
- Initiation to Expiration – standardize, automate and streamline contracts
- Mitigate risks and enforce compliance of contracts
- Case Study on how a large healthcare organization reduced its contracting time by 50%
- Q&A with consultative discussion on common queries
Who should attend:
Contracting Officer, Legal Officer, Compliance Officer, Procurement Officer, Provider Contracting Officer