Contracts and regulatory paperwork are the basis of your business, whether you’re interacting with a patient, employee, vendor, subcontractor, or another organization. Healthcare contracts come in nine varieties. Your company may not use all nine, but it must know when to use each. Organizing healthcare contracts requires hospital contract management software. Here are the types of hospital contracts;
Recruitment contract
The process through which a hospital will acquire physicians is outlined in a physician recruiting contract. Because your institution must comply with the Stark Law, the Anti-Kickback Statute, and other rules, this contract is necessary. Verify that the contract states that you do accept Medicaid and Medicare.
Employment contract
The doctor’s employment contract with your company outlines their connection. Comprehensive healthcare deal. Schedule, privileges, pay, and on-call duties should be provided. Medical contracts usually include a non-compete clause. This agreement prohibits the doctor from soliciting patients or conducting business in the same region after leaving the clinic, as well as competing with it.
A contract for the medical director
The next step is to draft a contract for the medical director that outlines the doctor’s duties. A healthcare provider’s compensation, the length of the contract and the procedures for terminating it, the physician’s responsibilities (including administrative work and on-call hours), and any non-compete or non-solicitation terms are all significant components of a healthcare contract.
Transfer Agreement
When switching physicians, you are obliged to sign a patient transfer agreement. Details on invoicing and insurance coverage, as well as the length of care, is provided, how the contract can be terminated, who is recruited, and their responsibilities.
Lease Equipment contract
Expensive medical equipment. Most healthcare establishments opt to lease their equipment rather than purchase it. Even if the equipment vendor typically supplies the lease contract, it is still helpful to know what to look for in the document.
Lease contracts detail not only the piece of equipment that is being leased but also the duration of the agreement, the monthly payment amount, any late fees that may be assessed, and how the leased item is to be returned at the end of the lease term. A good contract needs to specify who is responsible for what in the event of damage and subsequent repair.
Management contract
Coding, transcription, and the collection of invoices are some of the tasks that businesses in the healthcare industry outsource. These establishments really ought to have a management services agreement in place.
The requirements for terminating the agreement, as well as its scope, deadlines, cost schedule, payment terms, and payment terms, are all included in the managed services contract.
Contract for obtained Services
Bringing in a non-employee contractor may require a bought service agreement. These agreements can save facilities money compared to paying people, but if not developed and managed correctly, they can be dangerous. Contractors must observe laws and regulations. Ensure all agreements are comprehensive and contain contractor obligations, your company’s responsibilities, the payment schedule, and expenses.
License Agreement
The field of healthcare needs further technological development. Issue? The majority of those working in healthcare hold some certification. But! The license is authored and disseminated by the owner of the technology.
These agreements detail the technology that will be implemented, how your healthcare facility may put it to use, the duration of the agreement, the license payments, the behaviors that are forbidden, and the terms for terminating the agreement.
Partnership Agreement
You probably already predicted the answer if your company is interested in working together on one project or another. A legally binding agreement is required. A contract for a joint venture should detail the financial commitments of each partner, as well as the activities of the project and the distribution of risk and reward.
Listed below are three organizational approaches for dealing with healthcare contracts.
- Your contracts made to order are only legally binding if they include every piece of information that must be included. The model for the contract does not include this particular stipulation. Instead, tailor each contract to your needs. In the beginning, using a template can help you save time, but the template will need to be modified to protect both parties. In what ways does this make organizing easier? The contract management software allows users to upload and search for contracts in their entirety, both of which are conceivable functions. Additional specificity, as well as a higher level of organization.
- The Process of Evaluating the Contract. After a contract has been signed, its legality, as well as its completeness, needs to be verified. It is recommended that several individuals in your organization review the contract to verify that both sides provided appropriate signatures.
- The contracts need to be stored in an archive. The next step is to organize your healthcare contracts. This should include a secure location for storing it, authorization from the employees, and alternative access methods.
Unless your healthcare facility plans to live in the past, investing in healthcare contract management software is a wise decision. The best choice makes it easier to organize and manage healthcare contracts and offers a higher level of defense against potential hazards and cybercriminals.
