2023 Together - PH317 - Take Back Control of Your Contract Management
Contract management is a critical component in the success of any healthcare organization. Legally binding, contracts determine stakeholder relationships, pricing structures, scope of work, rights and obligations, project timelines, warranty provisions, and more. Given how critical contracts are, effective contract management can dramatically improve the performance of any healthcare organization. On the other hand, if your contract management process is unstructured, it could lead your organization down a dark hole. Our new process, led by the supply chain director review, drives a more efficient process with capital planning, budget preparations and reviewing the financial impact of a single agreement. Overall, this has saved countless staff hours and financial dollars for the organization.
- Healthcare Quality Professionals
- Pharmacy Technicians
- Other Healthcare Professionals
Explain the financial value of contract management.
List the five most important steps for starting a contract management initiative.
Jim Murphy, MBA, Senior Director, Supply Chain and Support Services, Quincy Medical Group, Quincy, Ill.
Interprofessional Continuing Education (IPCE)
This activity was planned by, and for, the healthcare team, and learners will receive .50 Interprofessional Continuing Education (IPCE) credits for learning and change.
Vizient, Inc. designates this live activity for a maximum of .50 ANCC contacts hours.
Vizient, Inc. designates this live activity for a maximum of .50 contact hours for Pharmacists.
Universal Activity Number: JA0006103-0000-23-086-L04-P
Pharmacy Technicians (CPE)
Vizient, Inc. designates this live activity for a maximum of .50 contact hours for pharmacy technicians.
Universal Activity Number: JA0006103-0000-23-086-L04-T
Vizient, Inc. designates this live activity for a maximum of .50 AMA PRA Category 1 Credit(s)™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
Healthcare Quality Professionals (CPHQ)
This activity is approved by NAHQ® for .50 CPHQ CE credits.
Other Healthcare Professionals (General CE Credit)
Vizient, Inc. will award a maximum of .50 contact hours to all other healthcare professionals who successfully complete the activity. These individuals will receive a Certificate of Participation indicating the maximum credits available.
Many state licensing boards and credentialing bodies accept certificates of participation from accredited CE activities to meet CE requirements for license renewals and re-certification. It is the responsibility of the participant to contact their state licensing board and/or certifying body for verification on credit eligibility reciprocity.
- 0.50 ACPE Pharmacist
- 0.50 ACPE Pharmacy Technician
- 0.50 AMA PRA Category 1 Credit™
- 0.50 ANCC
- 0.50 CPHQ – Certified Professional Healthcare Quality
- 0.50 General CE – Attendance
- 0.50 Interprofessional Continuing Education (IPCE)