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To keep costs under control, healthcare payers are shifting operations to external providers, creating an even greater need for governance and liability protection. Oracle Modern Best Practice for Healthcare Payer leverages mobile, social, and analytics to streamline contract creation and minimize supplier noncompliance. Easily draft contracts using a library of standard terms. Review, modify, and approve deviations from any mobile device through a secure collaboration platform. Determine contract effectiveness and improve negotiation by using analyses linked to purchase transactions.
Create the contract using guided authoring or by assembling standard, preapproved medical provider terms and conditions, such as drugs, therapies, physicians, and hospitals.
Enforce policy compliance with mandatory validation and approval. Maintain contract quality with templates formatted for consistent printing and electronic transmission.
Capture revisions during authoring and negotiation. Recognize important deviations from standard policies and automatically route to stakeholders for approval.
Route the contract through approval hierarchy based on preset rules. Manage e-signatures.
Gain fulfillment visibility by linking contracts to execution documents, such as agreements and purchase orders. Track the deliverables with status updates or transaction summaries.
Automate order creation from contract suppliers. Monitor leakage using a dashboard-driven view of contract utilization versus terms, leakage, and KPI.