US medical practices spend $70 billion a year on billing and insurance-related administrative costs. According to the same research study, hospitals spend an additional $74 billion a year. For decades, experts have acknowledged the crippling burden of medical billing on the healthcare industry. Many have tried to address the issue
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For a full twelve months the employees of Eastern Virginia Medical School (EVMS) tried to make their new contract management system function to meet their needs. The software had appeared like the right choice during the sales pitch but its limitations became apparent soon after deployment. Vice President of Administration
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In a modern business environment where everything is needed ASAP, workflow efficiency has become a critical focus of innovation for companies. To meet this new standard, businesses are employing more software tools to automate processes that traditionally took entire departments to manage. The problem is, without powerful syncing and integration
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As your company’s volume of contracts increases, some contract management systems will leave your company exposed to long-term risks. Learn how to recognize and fix five contract management risk factors that leave you vulnerable: 1. Excessive access Excessive access can lead to unscrupulous employees mishandling information or walking away
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