--- title: Healthcare Needs “Traditional” CLM Software, Too description: Many healthcare companies aren’t familiar with what modern Contract Lifecycle Management (CLM) software offers or what questions to ask a CLM vendor. image: https://blog.linksquares.com/hubfs/top-view-of-businessman-in-suit-signing-a-contract-VFCAHNB.jpg --- [Skip to content](https://blog.linksquares.com/healthcare-needs-traditional-clm-software#main-content) [LinkSquares](https://blog.linksquares.com/) Open Mobile Menu [LinkSquares](https://linksquares.com/) Close Mobile Menu [Why LinkSquares](https://linksquares.com/why-linksquares/) [Products](https://linksquares.com/products/) --- [The LinkSquares Cloud One platform for all your in-house legal needs](https://linksquares.com/products/linksquares-cloud/) --- Contract Lifecycle Management Create, review, manage and sign contracts Legal Project Management Centralize your work and keep projects moving Cross-product capabilities Get scalability, efficiency and connectivity LinkSquares Onboarding Experience A step by step guide to get started today --- [Solutions](https://linksquares.com/solutions/) [Customer Stories](https://linksquares.com/customers/) Resources Content [LinkSquares+ Content curated for in-house leaders](https://linksquares.com/plus/) [The Library](https://linksquares.com/library/) In the studio [Demo Library](https://linksquares.com/demo-library/) Community & Events [Customer Stories](https://linksquares.com/customers/) [Events & Webinars](https://linksquares.com/events/) Learning [Blog](https://blog.linksquares.com/) [In-House Insights](https://linksquares.com/inhouse-insights/) [Knowledge Base](https://help.linksquares.com/) [Events](https://linksquares.com/events/) [About Us](https://linksquares.com/about-us/) [Careers](https://linksquares.com/careers/) [Press](https://blog.linksquares.com/tag/linksquares-news-press) [Pricing](https://linksquares.com/pricing/) [Request a demo](https://linksquares.com/demo-request/) Back Close Mobile Menu [Contract Lifecycle Management](https://linksquares.com/products/) [Finalize Streamline your contract creation process](https://linksquares.com/products/finalize/) [Sign Get your contracts executed faster](https://linksquares.com/products/sign/) [Analyze Your post-signature analytics & repository](https://linksquares.com/products/analyze/) [CLM Suite One platform to rule them all](https://linksquares.com/products/) [Request a demo](https://linksquares.com/demo-request/) Back Close Mobile Menu [Legal Project Management](https://linksquares.com/products/) [Prioritize Manage, track, and report on legal work in one place](https://linksquares.com/products/prioritize/) [Request a demo](https://linksquares.com/demo-request/) Back Close Mobile Menu [Cross-product capabilities](https://linksquares.com/products/) [LinkAI Predictive and generative AI](https://linksquares.com/products/analyze/features/ai/) [Integrations Connect the tools you love](https://linksquares.com/integrations/) [Reporting Improve your teams efficiency with KPIs](https://linksquares.com/products/analyze/features/dashboard/) [API Integrate with any third-party app](https://linksquares.com/integrations/linksquares-api/) [Request a demo](https://linksquares.com/demo-request/) Back Close Mobile Menu [Cross-product capabilities](https://linksquares.com/products/) [Onboarding We're here for you from day one](https://linksquares.com/onboarding-services/) [Services Short on time? 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[Learn more](https://linksquares.com/agentic-ai/) Contract Lifecycle Management Create, review, manage and sign contracts Legal Project Management Centralize your work and keep projects moving Unified Capabilities Get scalability, efficiency and connectivity LinkSquares Onboarding Experience A step by step guide to get started quickly [Finalize Streamline your contract creation process](https://linksquares.com/products/finalize/) [Sign Get your contracts executed faster](https://linksquares.com/products/sign/) [Analyze Your post-signature analytics & repository](https://linksquares.com/products/analyze/) [CLM Suite One platform to rule them all](https://linksquares.com/products/) [Prioritize Manage, track, and report on legal work in one place](https://linksquares.com/products/prioritize/) [LinkAI Predictive and generative AI](https://linksquares.com/ai/) [Agentic AI Smarter contracting with a multi-agent approach](https://linksquares.com/agentic-ai/) [Integrations Connect the tools you love](https://linksquares.com/integrations/) [Reporting Improve your teams efficiency with KPIs](https://linksquares.com/products/analyze/features/dashboard/) [API Integrate with any third-party app](https://linksquares.com/integrations/linksquares-api/) [Onboarding We're here for you from day one](https://linksquares.com/onboarding-services/) [Services Short on time? 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After all, contracts between healthcare providers and insurance companies -- known in the industry as *payer contracts* -- define the bulk of the income for virtually every medical professional in the United States. Those contracts should obviously be managed. # Contract Management Software for Healthcare But you can very easily buy the “wrong” contract management software if you don’t know what kind of “contract management” a solution is designed to provide. That’s why LinkSquares developed our newest eBook: [***“The ‘Other’ Contract Management Problem: Why Healthcare Businesses Need Contract Lifecycle Management (CLM)”***](https://go.linksquares.com/healthcare-needs-contract-lifecycle-management). The software tools designed to write and manage better payer contracts are very different from “traditional” CLM solutions, not least because payer management software is largely concerned with financial modeling, not legal analysis. A tool designed to measure the impact of a 3% raise in reimbursement rates for a specific medical procedure likely isn’t also very good at writing a better employee contract, or managing the deadlines and stipulations of a facility lease. # Modern Healthcare Organizations Need Both Forms of Contract Management A modern healthcare organization needs both a payer management solution and a conventional CLM suite. The former will make sure your payer contracts keep enough revenue coming in the door. The latter will ensure that your contractually obligated costs and risks don’t exceed your payer revenue. (And if your payer management tool doesn’t actually turn your claims analysis into a written agreement, a good CLM suite can help you codify your desired reimbursement terms into a solid contract, too.) Most healthcare organizations aren’t familiar with what modern CLM software can do, nor what questions they should ask a CLM vendor when evaluating a solution. [***“The ‘Other’ Contract Management Problem: Why Healthcare Businesses Need Contract Lifecycle Management (CLM)”***](https://go.linksquares.com/healthcare-needs-contract-lifecycle-management)addresses both issues and sets a healthcare organization up for CLM success. If you’re ready to add the power of CLM to your healthcare organization, download [***“The ‘Other’ Contract Management Problem: Why Healthcare Businesses Need Contract Lifecycle Management (CLM)”***](https://go.linksquares.com/healthcare-needs-contract-lifecycle-management) now. And if you want to adopt the most advanced and intuitive CLM solution available -- one which harnesses cutting-edge artificial intelligence to offer the best contact analysis and workflow automation on the market -- then [**contact LinkSquares today**](https://go.linksquares.com/demo-request). ## Subscribe to the LinkSquares Blog Stay up to date on best practices for GCs and legal teams, current events, legal tech, and more. ## Related Articles ### [LinkSquares Team Sep 16, 2021 13 min read Why Legal Teams in Healthcare Need CLM Software Healthcare in the United States is a unique industry, but it’s especially unusual in how it deals with contracts. When a ... Start Reading](https://blog.linksquares.com/healthcare-clm-software) ### [LinkSquares Team Aug 20, 2021 3 min read Contract Problems Your Healthcare Organization is Ignoring Healthcare organizations rightfully pay a great deal of attention to their payer contracts, as these legal agreements dictate ... Start Reading](https://blog.linksquares.com/contract-problems-healthcare) ### [LinkSquares Team Feb 02, 2022 6 min read What is Contract Lifecycle Management and Why Legal Teams Need It Modern legal teams face an increasing volume of contracts, complex workflows, and the need to support business operations ... 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[Your Privacy Choices](https://go.linksquares.com/linksquares-do-not-sell-or-share-personal-data) - ![aicpa soc 2](https://blog.linksquares.com/hs-fs/hubfs/soc2_66933e61%20copy.png?width=100&height=100&name=soc2_66933e61%20copy.png) - ![barr certification](https://blog.linksquares.com/hs-fs/hubfs/Frame%201921.png?width=129&height=57&name=Frame%201921.png) ```json { "@context" : "http://schema.org", "@type" : "Organization", "address" : { "@type" : "PostalAddress", "addressCountry" : "United States", "addressLocality" : "Boston", "addressRegion" : "MA", "postalCode" : "02109", "streetAddress" : "60 State Street" }, "knowsLanguage" : "en", "logo" : { "@type" : "ImageObject", "url" : "https://6934676.fs1.hubspotusercontent-na1.net/hubfs/6934676/Navigation/logo_643dd1b1.svg" }, "name" : "LinkSquares", "url" : "https://blog.linksquares.com/healthcare-needs-traditional-clm-software" } ``` ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "abstract" : "Many healthcare companies aren’t familiar with what modern Contract Lifecycle Management (CLM) software offers or what questions to ask a CLM vendor.", "author" : { "@type" : "Person", "name" : "LinkSquares Team" }, "dateModified" : "2021-08-23T16:43:33Z", "datePublished" : "2021-08-23T16:43:33Z", "headline" : "Healthcare Needs “Traditional” CLM Software, Too", "image" : "https://f.hubspotusercontent20.net/hubfs/6934676/top-view-of-businessman-in-suit-signing-a-contract-VFCAHNB.jpg", "inLanguage" : "en", "keywords" : "[Contract Management]", "mainEntityOfPage" : { "@type" : "WebPage" }, "name" : "Healthcare Needs “Traditional” CLM Software, Too", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://6934676.fs1.hubspotusercontent-na1.net/hubfs/6934676/Navigation/logo_643dd1b1.svg" }, "name" : "LinkSquares" }, "text" : "From the outside, Contract Lifecycle Management (CLM) software would seem to be a natural fit for healthcare organizations. After all, contracts between healthcare providers and insurance companies -- known in the industry as payer contracts -- define the bulk of the income for virtually every medical professional in the United States. Those contracts should obviously be managed. Contract Management Software for Healthcare But you can very easily buy the “wrong” contract management software if you don’t know what kind of “contract management” a solution is designed to provide. That’s why LinkSquares developed our newest eBook: “The ‘Other’ Contract Management Problem: Why Healthcare Businesses Need Contract Lifecycle Management (CLM)”. The software tools designed to write and manage better payer contracts are very different from “traditional” CLM solutions, not least because payer management software is largely concerned with financial modeling, not legal analysis. A tool designed to measure the impact of a 3% raise in reimbursement rates for a specific medical procedure likely isn’t also very good at writing a better employee contract, or managing the deadlines and stipulations of a facility lease. Modern Healthcare Organizations Need Both Forms of Contract Management A modern healthcare organization needs both a payer management solution and a conventional CLM suite. The former will make sure your payer contracts keep enough revenue coming in the door. The latter will ensure that your contractually obligated costs and risks don’t exceed your payer revenue. (And if your payer management tool doesn’t actually turn your claims analysis into a written agreement, a good CLM suite can help you codify your desired reimbursement terms into a solid contract, too.) Most healthcare organizations aren’t familiar with what modern CLM software can do, nor what questions they should ask a CLM vendor when evaluating a solution. “The ‘Other’ Contract Management Problem: Why Healthcare Businesses Need Contract Lifecycle Management (CLM)” addresses both issues and sets a healthcare organization up for CLM success. If you’re ready to add the power of CLM to your healthcare organization, download “The ‘Other’ Contract Management Problem: Why Healthcare Businesses Need Contract Lifecycle Management (CLM)” now. And if you want to adopt the most advanced and intuitive CLM solution available -- one which harnesses cutting-edge artificial intelligence to offer the best contact analysis and workflow automation on the market -- then contact LinkSquares today.", "url" : "https://blog.linksquares.com/healthcare-needs-traditional-clm-software", "wordCount" : "546" } ```