FOR IMMEDIATE RELEASE
PolicyMedical Adds Electronic Signatures to Contracts Manager
Automating and streamlining healthcare contract lifecycle management reduces operational costs and improves workforce productivity
Toronto, Canada – February 20, 2018 – PolicyMedical, a leading provider of web-based governance, risk, and compliance software for healthcare, today announced the addition of eSignatures Manager to its Contracts Manager solution, a SaaS-based contract lifecycle management solution designed specifically for healthcare facilities. The integrated proprietary eSignatures module enables a comprehensive electronic signatures workflow for Contracts Manager users in compliance with United States Electronic Signatures in Global and National Commerce (ESIGN) Act, the Uniform Electronic Transactions Act (UETA), and the US Life Sciences FDA Regulations 21 CFR Part 11.
Using eSignature Manager assigned signing managers can now select the required signers and the type of signature elements required for each document, including the position on the page and other details such as company name, date, etc. All electronic signatures are time and date stamped with detailed audit logs. The eSignatures workflow also includes automatic triggering of real-time email notifications with embedded links for signers to complete signing documents assigned to them for greater productivity gains and shortening the execution time frame.
“As healthcare organizations look to reduce operational costs and increase staff productivity, automating traditional paper-based processes such as contract management enables them to improve the quality of contracts, stop overpayments and eliminate missed contractual obligations and benefits. Now with the added integration of eSignatures Manager, Contracts Manager streamlines the entire contract lifecycle from authoring to redlines to approvals including legally binding electronic signatures that can be securely forwarded internally or externally for processing,” stated Dr. Sanjaya Kumar, MD, Chief Medical Officer and Product Strategist, at PolicyMedical.
Contracts Manager enables contract professionals, legal counsel, and healthcare administrators to quickly create or import existing contracts, manage them and store them securely in one centralized repository where they can be searched, analyzed, and organized. Designed to simplify and streamline the management of all contracts the software fully automates configurable workflows, enables real-time collaboration with third parties via remote access capabilities, and integrates with Microsoft Word. Reporting and analytics provide visibility into the overall contract portfolio such as expiration dates, flagging payments due or owed, contracts with specific vendors, etc.
Availability and Pricing
To learn more about Contracts Manager, join our webinar on March 13 at 2:00 PM ET featuring LCMC Health, download the product solution sheet, or schedule a free 30-minute product demo. For pricing information email firstname.lastname@example.org or call 1.888.697.6331 ext. 724.
Trusted by more than 3000 healthcare organizations, PolicyMedical is a leading provider of SaaS-based scalable enterprise governance, risk and compliance solutions designed to centralize and standardize the administration of policies and procedures, contracts and third-party vendor assessments. With the solutions’ robust risk, compliance, policy and regulatory change management capabilities, healthcare professional can respond to clinical alignment, policy, regulatory and exclusion changes faster and easier. Our customers include some of the world’s largest integrated delivery networks such as Advocate Health Care, Baylor Scott & White Health, Dignity Health, Kindred Healthcare, Mountain States Health Alliance and Tenet. To learn more, visit www.policymedical.com.
1-888-697-6331 ext. 734