CLM Matrix works with some of the leading healthcare companies to provide the best patient care, reduce operating costs, and mitigate risk to the organization. Improving the process of negotiating and managing contractual obligations with various suppliers, physician groups and support organizations can significantly impact a large hospital’s operating performance and enhance its competitive market position.
As is true in most industries, the key to profitability in the healthcare industry is achieving operational efficiency. The majority of today’s public and private hospitals have never defined end-to-end processes for their major contractual relationships that significantly influence operating margins. Most organizations lack visibility into the specific rights and obligations of their buy- and sell-side agreements and go through labor-intensive efforts to search both electronic and manual document repositories to get a real sense of the legal, financial and operating exposure.