symplr Contract is a dedicated Contract Lifecycle Management (CLM) solution built specifically for the unique complexities of the healthcare industry, serving hospitals, health systems, and providers. It centralizes all provider, vendor, and hospital contracts into a single, secure, and searchable repository, eliminating fragmented storage and ensuring all teams work from a single source of truth. The platform is anchored in governance, risk management, and compliance, offering built-in safeguards for audit-readiness, including conflict-of-interest tracking, non-monetary gift alerts, and exclusion checks to comply with regulations like Stark and Anti-Kickback laws.
Key Features and Capabilities:
- Centralized Repository: Consolidates all contract types (provider, vendor, hospital) for complete visibility and control.
- ERP Integration: Integrates with leading ERP systems to automatically connect financial data to contractual obligations, enabling real-time spend tracking against contract utilization.
- Automated Workflows: Provides pre-configured, healthcare-specific workflows for contract drafting, review, and approval, cutting contract management time by up to 50%.
- Compliance Tools: Includes obligation tracking, audit trails, version control, and automated safeguards to reduce the probability of penalties or fines by up to 60%.
- Digital Signature & Redlining: Enables real-time redlining in Microsoft 365 and full digital signature integration via DocuSign.
- Proactive Alerts: Automated renewal and expiration alerts prevent costly auto-renewals and overpayments.
- Risk & Resiliency: Tools to quickly search continuity clauses, force majeure terms, and identify alternate suppliers during disruptions.
Target Users and Use Cases: symplr Contract is designed for legal, supply chain, finance, and compliance teams within mid-market to enterprise healthcare organizations. Primary use cases include provider contracting, vendor/supplier contract management, financial optimization, and ensuring continuous regulatory compliance.
