The Healthcare industry is faced with evolving compliance requirements that are time-consuming and difficult to meet but healthcare contract management software can automate and streamline the contract lifecycle management (CLM) process. Learn more about various benefits that Healthcare Contract Management Software yield: https://aavenir.com/ai-enabled-contract-management-for-healthcare/

1. AI-Based Contract Management
A Strategy Priority for Healthcare Organizations?

2. Challenges in Healthcare Contract
Management
Piling stacks of contractual documents consisting of vast
variety of contracts
Complex terms and no standardization of contracts
Risk and threat of increasing cost and liability
Decreasing revenue and profit margins due to
non-compliance/missed deadlines
Missed opportunities and exposure to risks

3. AI-Enabled Contract Management for
Healthcare Industry
Healthcare Contract management can be complex with challenges
that cannot be predicted, some of them being:
● Evolving compliance requirements
● time-consuming and difficult
● Shorter time and exhausting process of negotiating contracts
● Regulatory compliance requirements
However, AI-Enabled Contract Lifecycle Management can automate
the contracting process and can ensure security, streamlined process,
best practices, and less risk. Let’s take a look at next slides to see how

4. AI-Enabled Contract Management for
Healthcare Industry
Centralized contracts in accessible repository to Organize different files in an efficient
manner and at a central place to gain instant access.
Setup contract negotiation and approval workflow to streamline the entire healthcare
contract management process of legal contracts at scale from one unified workspace.
Security and compliance fulfils legal and compliance requirements such as HIPAA and
other federal and provincial regulations.

5. Solution: AI-Enabled Contract Management for
Healthcare Industry
Flexible configurations to easily manage healthcare contracts, claims, and payments
within stipulated time or less with greater flexibility
Track obligations and its compliances to find and extract key information from any
contract and keep a complete track of obligation fulfillment.
Reduce contract turnaround time with a user-friendly interface, business intelligence
analysis and seamless integration with various mission-critical application.

6. Solution: AI-Enabled Contract Management for
Healthcare Industry
Ensure Security and Governance by managing payer and provider agreements in a
secure, cloud-based HIPAA compliance repository.
Full text search, reports, and dashboards to Analyse contract repository data to gain
actionable insights with standard reports and dashboards.
Manage profitable compliance with payment terms to track and monitor each payer’s
payment output against contract terms
Efficient claim denial analysis to quickly resolve denied claims and boost productivity in
patient accounting by leveraging workflow management tools.

7. Benefits: AI-Enabled Aavenir Contractflow for
Healthcare Industry
Over and above, Aavenir Contractflow - AI-enabled healthcare
contract management software offers numerous benefits, like:
● Minimize Risks by gaining complete visibility into contracts,
key clauses, and contract status.
● Automatic Reminders at each necessary stage via
automatic alerts and reminders to keep you updated with
contract lifecycle management.
● e-Signatures to various stakeholders involved in the
healthcare contracts to make approvals faster, minimize
costs, and maximize customer satisfaction.

8. Free Demo Session
Get a live demo of Aavenir Source to Pay solutions to know how Aavenir can
address your enterprise's unique business challenges and goals.
We provide live demonstration for following Aavenir S2P solutions:
● Contractflow - Contract Lifecycle Management on ServiceNow
● RFPflow - Request for Proposal Management on serviceNow
● Invoiceflow - Account Payable Automation on ServiceNow
● Obligationflow - Contractual Compliance Management on ServiceNow
Visit: https://aavenir.com/demo/

9. Get Free Resources
Watch Webinar
Automate Sourcing
using RFx
Calculate ROI of
CLM Solution
Test Drive
Contractflow
Contract Analytics with
Visual Dashboards
E-book - Digitize
Strategic Sourcing
Calculate ROI
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10. Delivering Future of Work
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