Healthcare Contract Security Is More Important Than You Think

Companies have a duty to protect their data, as well as any employee and client data with which they have been entrusted. Obviously, employment records contain sensitive details about individuals, and thus employment contracts and other related documents must be safeguarded. However, in addition to general employment records, many companies offer their employees health insurance, which also necessitates detailed paperwork. In some cases, companies may have healthcare-related contracts with firms better equipped to oversee these employee plans. Of course, other companies may have other types of healthcare-related contractsbased on their areas of expertise or industry involvement. Regardless of the type of healthcare information that a company has on hand or the reasons for entering into healthcare contracts, it is critical to ensure that any such data is vigilantly protected. Here is why healthcare data and contract security is more important than ever:

Read More

How to Understand Your Hospital Contracts With Custom Reports

Hospitals enter into tons of contracts with individuals, groups, entities, and even government agencies for all sorts of reasons. Managing a portfolio of this size and scope can be quite challenging, especially without the use of a comprehensive contract management solution. Of course, it is highly unlikely that a hospital contract management team relies on spreadsheets alone. But, not all contract management solutions are created equally. It is important to invest in one with robust security standards and features that facilitate oversight, particularly a reporting tool. Here is how custom reports can help with understanding a hospital's contracts:

Read More

How to Address These Major Healthcare Compliance Concerns

The healthcare industry is a beast. It generates billions of dollars, but costs continue to skyrocket. With the passage of the Affordable Care Act, millions of previously uninsured Americans gained access to healthcare, and that expansion meant even more rules and regulations for hospitals and healthcare institutions to understand and follow. Healthcare compliance has always been a bit complicated, and this massive revision to the law has added to that. Here are some of the major healthcare compliance concerns and ways for companies to address them:

Read More

Contract Management Lessons from the UCLA Healthcare Data Breach

The list of high-profile data breaches keeps on growing. It seems that no one is immune from a potential attack these days, as companies in the retail, entertainment, and healthcare sectors have been hit, as well as government offices. The latest headline-grabbing breach involving the UCLA Health System is shocking and rather unfortunate considering that the lack of strict security protocols were to blame, at least in part, for the hackers’ successful invasion. This latest breach offers some important lessons for companies entrusted with the safekeeping of sensitive and/or confidential data. Security measures around contract management aren't often as stringent as those around storing other types of company data. Due to the confidential information contained in employee contracts, supplier contracts, and virtually every other type of contract, it is imperative that those responsible for contract management take heed and implement basic security measures. 

Read More