Chicago-based hospital to deploy iContracts’ Universal Contract Manager
Bridgewater, NJ – December 22, 2016 – iContracts, a leading provider of contract, compliance and revenue management solutions announced today that Loretto Hospital, a non-profit community-based health care provider, has selected iContracts’ Universal Contract Manager (UCM) to streamline all aspects of its contract management and compliancy matters. UCM will allow Loretto a faster, easier and far less expensive method to manage its vendor contracts and agreements.
“We were searching for a centralized contract management solution that would provide an efficient way for us to organize and track activities for contracts, offer effective reporting capabilities, and save us money. After considering other alternatives, we decided Universal Contract Manager will help us accomplish that goal,” Dr. Sonia Mehta said, President and CEO at Loretto Hospital.
iContracts’ Universal Contract Manager is cloud-based, thus requiring no investment in facilities, hardware, software or related costs. All aspects of a healthcare facility’s contract management lifecycle, including contract creation, monitoring of key milestones, cross-departmental collaboration, creating reports and tracking compliance can be managed by iContracts UCM.
“iContracts is pleased to welcome Loretto Hospital to our rapidly growing family of healthcare clients,” commented Leigh Powell, Chief Executive Officer of iContracts. “The need for contract management solutions in the healthcare market continues to grow as we engage with health systems of all types and sizes across the country. Hospitals are operating more efficiently as a result of our truly unique, cloud based contract management solutions and we are honored that Loretto recognizes the value Universal Contract Manager will add to their operations. We look forward to working closely with their team and forging a long lasting relationship,” Powell said.
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.
About Loretto Hospital
Loretto Hospital is an acute care community hospital that serves over 33,000 patients each year from Chicago’s Austin and surrounding communities. As a not-for-profit, community-focused health care provider, we offer a unique, patient-centered healthcare delivery system that promotes general wellness and education in the communities we serve. Through our partnerships with physicians, research institutions, area residents and local businesses, we strive daily to be the community’s health care provider of choice.