February 20, 2024 – Conductiv, a consolidated subsidiary of Premier, Inc, introduces Contract Explorer, a synthetic intelligence (AI)-powered contracting instrument designed to streamline healthcare provide chain contract administration and make agreements extra comprehensible and simpler to execute navigate.

Organizations can add 25 contracts to Contract Explorer freed from cost. As soon as provide chain leaders add contracts to the instrument, this expertise mechanically captures and summarizes important data reminiscent of contract phrases, authorized particulars, finish dates, providers and renewal phrases. This knowledge is rigorously reviewed by Conductiv's label staff, people with intensive buying experience.

Moreover, AI instruments scan the contracts to extract detailed summaries and statements of labor (SOWs), saving time usually spent studying prolonged contracts. This new instrument permits healthcare provide chain executives to collaborate with Conductiv to shortly entry actionable insights. This environment friendly course of permits fast contract evaluations, comparability of service suppliers and knowledgeable decision-making for each new contracts and renewals.

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