Raritan, NJ – November 17, 2011 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that The University of Tennessee Medical Center, a nationally recognized teaching and research hospital serving Knoxville and the East Tennessee region, has selected iContracts “Universal Contract Manager” (UCM) to effectively manage contracts, improve visibility, control access, and measure performance. UT Medical Center will utilize iContracts UCM as a software service over the web, thus requiring no investment in facilities, hardware, software, or related costs.
Gary Thomas, VP of Compliance with The University of Tennessee Medical Center noted, “After evaluating a number of potential vendors, UT Medical Center has selected iContracts Universal Contract Manager due to its flexible design, ease-of-use, and unique ability to enable automated and workflow driven contract administration, negotiation and communication. We look forward to working with iContracts on this important initiative to streamline and unify contract visibility across the organization.”
Leigh Powell, Chief Executive Officer of iContracts commented, “iContracts is proud to be affiliated with such a well-known and respected teaching and research hospital. We are equally delighted that The University of Tennessee Medical Center selected our Universal Contract Manager (UCM) solution after a thorough evaluation of alternatives that led their team to conclude that only UCM offered the flexibility and robustness necessary to help UTMC address both short term needs and long-term strategies for effective contract management.”
About iContracts
iContracts’ goal is simple – to deliver better solutions for managing contracts that are faster, easier and less expensive to implement. This mantra is reflected in everything we do. Our software is generations ahead of other solutions, powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by learning just two simple, reusable views and backed by the most highly evolved data architecture in the industry – built by technologists with considerable and unique experience in building contract management solutions for the Life Sciences industry. This deep understanding and straightforward approach shows in everything we do. iContracts comprehensive suite of solutions manages all aspects of a Life Science company’s chargeback, rebate and Medicaid processes as well as other incentive agreements and Government Pricing compliance at all levels. 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. For more information, please visit www.icontracts.com.
About The University of Tennessee Medical Center
The mission of The University of Tennessee Medical Center is to serve through healing, education and discovery.UT Medical Center, a 581-bed, not-for-profit academic medical center, serves as a referral center for Eastern Tennessee, Southeast Kentucky and Western North Carolina. The medical center, the region’s only Level I Trauma Center, is one of the largest employers in Knoxville. For more information about The University of Tennessee Medical Center, visit online at www.utmedicalcenter.org.
iContracts Media Contact:
Anne Ambrosio
iContracts, Inc.
Tel: 908-393-9550
aambrosio@icontracts.com