Contract Insights

The Freedom of Information Act (FOIA) is great if you don’t work in government and believe that, as a citizen, you should be entitled to knowledge of your government’s actions.  On the other hand, if you are a government contract administrator, complying with FOIA can be a time consuming process.  Especially if you are responsible for tracking the seemingly never ending supply of public records or determining if a contract record is, or is not, exempt to FOIA. 

The decision to “build or buy” contract management software in the healthcare industry is a huge step in the process towards greater organizational efficiency.  Decision makers for hospitals, medical centers, and health plans must make this choice for a wide variety of software types including but not limited to: contract management software, billing and invoicing software, customer relationship management software, human resources software, or identity management software. 

In the business world, every professional is aware of what “workflow” is. Contract approval workflow, from the outside looking in, is just a giant chart of approvals and signatures that makes us all wonder, “Is all of this really necessary?” Of course, workflows are essential to keeping the buoyancy in every organization around the world. Processes must be followed in order to keep consistent, optimal production levels.

Oftentimes, large companies in highly-regulated industries such as healthcare organizations and public (government) agencies have strict guidelines that they are obligated to follow in order to monitor their contracts for compliance. Some of these include: