Managing contracts and compliance data is a challenge for healthcare organizations today. The process often involves people and departments across the organization requiring a secure but nimble system for tracking negotiations and approvals. Current regulations require healthcare providers to know more about who they are doing business with and to manage their vendor population with consistent scrutiny to maintain accurate data. Adding to the complexity, with mergers becoming more common, hospitals are seeing an increase in the number of local contracts along with contracts that fall outside of med-surg that need to be maintained as well. As a result, organizations need to interact with contracts in new ways, with more flexibility while maintaining even more data and security.
In this Summit20 video recorded at the GHX Supply Chain Summit, Scott Witoszynski discusses some of the day-to-day challenges of managing contracts, changes in healthcare that are requiring new capabilities from your contract management system and how GHX is solving for these problems today and into the future.