Contract Lifecycle Management | symplr Contract
Manage contracts efficiently and compliantly
Manage active and historical contracts, terms, approvals, and expirations for physicians and BAAs, vendors, materials, lease agreements, and more.
Track compliance and derive value from all contractual relationships
Contract management is complex, costly, and resource dependent
At any given time, health systems are managing thousands of contracts and subscriptions, each with its own negotiations, approvals, and compliance requirements.
Protect your organization from risk while recovering value
Without an automated, centralized solution, organizations lack visibility over their entire contract portfolio and risk compliance penalties and contract mismanagement. Contract management in healthcare differs radically from other industries, so a tailored, unique solution is critical to safeguard against risk and preserve resources, ensuring no revenue is left on the table.
The cost of non-compliance is high—but avoidable
Without the right governance and data, organizations open the door to potential fines such as:
- $50,000 civil fines and $25,000 criminal fines for violations of the Anti-Kickback Statute.
- Business Associates who violate HIPAA may be subject to penalties of up to $50,000 per violation.
- Stark Law civil penalties can reach up to $15,000, and willful circumvention penalties can be upwards of $100,000.
Designed and supported by healthcare professionals
symplr Contract provides the tools, insights, and governance needed for efficient contract lifecycle management across your enterprise. Securely store all contracts in a central database, create automated workflows by contract type with configurable approvals, and maintain compliance with ever-changing federal and state requirements.
symplr Contract enables healthcare organizations to:
- Monitor historical and active contracts or renewals to increase savings and revenue
- Outline user permissions and assign user types to all users
- Centrally store all correspondence and other essential documents associated with your contracts
- Alert contract owners and stakeholders when renewals are coming due
- Filter contracts by contracting entity, assigned owner, and more
Contract lifecycle management built for healthcare
Easily and efficiently manage contracts
Increase productivity by managing contracts and downstream activities in a single solution. Configurable templates and standardized terms make creating new contracts easy, while alerts for upcoming expirations and renewals protect from unwanted surprises.
Speed up negotiations and approvals
Drive compliance and governance
Centralize your entire contract portfolio
An ever-increasing volume of contracts leaves no room for anything to get lost in the shuffle. Store all contracts, policies, and related documents in a single, global contract repository that serves as the source of truth for your entire organization.
Extract actionable insights
Leverage on-demand contract analytics to identify and resolve downstream contracting and renewal challenges and uncover potential savings opportunities.
Stay laser-focused on healthcare
Use a solution designed for the unique needs of healthcare, built by the professionals who know it best. With pre-configured compliance workflows optimized for healthcare contracting and third party integrations via APIs, symplr Contract is scalable from single clinics to large IDNs.
Better contract compliance tracking starts with symplr
Learn how to increase compliance with additional tools and modules in symplr Contract.
Provider time tracking
Pulse check vendor surveys
Conflict of interest capture
Calculate the value symplr Contract would drive for your organization
On average, symplr Contract customers experience:
• 50% reduction in time spent managing contracts
• 90% reduction in time spent on reporting
• 60% reduction in probability of a compliance penalty or fine
Use our value calculator to see how symplr Contract could deliver financial value at your organization.
What our symplr Contract customers are saying
If we pay a physician who doesn't have a contract, or we pay more than the contract allows us to pay, or we pay for something we are not supposed to pay for, the fine would be in the hundreds of thousands of dollars. symplr helps us avoid these types of fines.