Washington hospital excited to deploy iContracts’ Universal Contract Manager
Bridgewater, NJ – December 19, 2016 – – iContracts, a leading provider of contract, compliance and revenue management solutions today announced that a general medical and surgical hospital in Washington, has selected iContracts “Universal Contract Manager” (UCM) to effectively manage contracts, expand visibility, improve collaboration, reduce costs and optimize performance. The hospital will utilize iContracts’ UCM to streamline all aspects of contract management and compliance within their health system.
Like many small, community-based hospitals, they have been managing contracts and associated documents using manual processes. Such an approach lacks fundamental capabilities including a centralized repository, workflow management, integrated reporting, and the ability to track contract elements both within and across departments. In an effort to streamline the contract management processes within the organization, the need for an effective contract lifecycle management system became apparent.
iContracts’ Universal Contract Manager is cloud-based, thus requiring no investment in facilities, hardware, software or related costs. All aspects of a health system’s contract management lifecycle, including contract creation, monitoring of key milestones, collaborating, creating reports and tracking compliance, can be managed by iContracts contract management solution, UCM.
“We are grateful this community-based hospital realizes the value of contract management to their operations and trusts iContracts for this important initiative,” commented Leigh Powell, Chief Executive Officer of iContracts. “The ability to manage and track large quantities of contracts and associated information within a health system can be a challenge for any organization, but is a strength of our market leading, cloud based UCM platform. We look forward to working closely with their team and forging a lasting relationship.”
About iContracts
iContracts’ comprehensive suite of fully integrated cloud-based solutions helps companies improve collaboration, expand visibility, reduce costs, stop revenue leakage and optimize performance. Powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by understanding a few core concepts, iContracts solutions are backed by the most highly evolved cloud-based architecture in the industry, built by technologists with extensive contract management experience. iContracts comprehensive suite of solutions revolutionize how organizations think about and manage all aspects of a company’s contract management process, transforming it from an unwieldy collection of spreadsheets, customer applications, filing cabinets, and scattered electronic directories to a powerful tool that aligns strategy with execution, while simultaneously insuring greater visibility into commitments and the ability of companies to support growing needs for regulatory reporting and audits. Our solutions are enterprise-class and can be quickly and easily integrated with any off-the-shelf or custom system to meet exacting business requirements without the army of consultants and endless fees associated with other products and providers.