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Contract Management Best Practices

Avoiding the Common Mistakes that Cost Hospitals Millions of Dollars Annually By: Lisa T. Miller, MHA Organizations could realize savings that equal to 2% of total annual costs by eliminating inaccuracies and noncompliance through contract management automation. – Pricewaterhouse CoopersTherefore, a hospital spending $30 million could save $600,000 annually with an effective contract management system.

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