CONTRACT MANAGEMENT SOFTWARE FOR HEALTHCARE

Complete oversight on all your contracts

Organize your healthcare agreements, monitor compliance deadlines, and mitigate risks associated with regulatory non-compliance

Book a demo

 

CASE STUDY

See how Sevita uses Concord to track deadlines and manage spend

“Many hours saved, many dollars saved in health contracts that we meant to terminate and forgot.”

Read the case study

Jennifer Neville

Associate General Counsel, Corporate

30% less time spent

correcting & organizing contracts

THE CHALLENGE

Navigating complex regulatory requirements

Managing healthcare contracts involves adhering to stringent regulations, safeguarding sensitive patient data, and coordinating among various departments and external partners. Pain points we commonly hear include:

  • Regulatory compliance
  • Data-intensive contracts
  • Handling high volume of contracts
  • Interdepartmental coordination issues

THE SOLUTION

Comprehensive healthcare contract management platform

Our AI-driven platform centralizes all contract data, automates compliance tracking, and provides tools specifically designed to meet healthcare industry standards. Benefits include:


  • Visibility into all contracts
  • Centralized contract data
  • Precise planning
  • Data-driven forecasting

THE RESULTS

Time and labor savings

-20%

less time spent searching for contract terms every day

-40%

less time negotiating sales contracts

-50%

time spent tracking down agreements

Before Concord

After Concord

After Concord

Automated processes

Contracts are managed via automated workflows, all in one intuitive platform

Manual processes

Contracts have to be managed manually, across many platforms

Full visibility into contracts

The finance team can quickly search 
all contracts and get email updates

Limited visibility into contracts

The finance team lacks insight into contract amounts and other key terms

AI-powered data extraction

Agreement Intelligence extracts all contract terms automatically

Time-consuming data collection

Forecast data has to be entered by hand, requiring hours of labor

HOW IT WORKS

Automated extraction of critical contractual terms

Utilize AI to automatically extract essential details such as compliance clauses, patient data handling terms, and payment schedules, ensuring adherence to healthcare regulations.

Automated alerts for contract renewals and compliance deadlines

Receive timely notifications for contract renewals and other critical dates to maintain institutional compliance.

Track project performance with custom reports and dashboards

Generate detailed reports and visualizations to monitor contract statuses, departmental expenditures, and compliance metrics.

Unlock insights from all of your agreements.

Frequently asked
questions

  • How does Concord ensure compliance with healthcare regulations?

    Concord is designed to comply with healthcare regulations, including HIPAA and HITECH, ensuring that all contracts and associated data are managed securely and in accordance with industry standards.

  • Is Concord’s storage truly unlimited?

    Yes! Concord provides unlimited storage space for documents and attachments. You can upload contracts one by one or in bulk.

  • Does Concord support HIPAA-compliant e-signatures for fast contract approvals?

    Yes, Concord includes built-in e-signature capabilities, allowing you to finalize contracts quickly and securely without needing additional tools.

  • Can Concord integrate with Electronic Health Record (EHR) systems?

    Yes – Concord has custom API capabilities to integrate with various systems