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Artificial intelligence (AI), databases, search engines, and technology that is created daily are changing the legal world.
Cornell University’s law department defines breach of contract as “the violation of a contractual obligation. One may breach a contract by repudiating a promise, failing to perform a promise, or interfering with another party’s performance.”
OCR stands for Optical Character Recognition. This is an advanced software capability that involves artificial intelligence (AI) to turn a scanned contract or document from a picture to a usable data set. OCR has changed the playing field for Contract Management Systems, in a huge way!
Hospital Administrators are in the business of saving lives, just as much as the physicians, surgeons, and nurses they employ. To keep a staff of physicians and nurses legally compliant, confirming that Continuing Medical Education (CME) credit requirements of the American Medical Association (AMA) and other governing bodies are up to date is at the forefront of the hospital administrator. The problem is that each type of physician, surgeon, specialist, or nurse requires a different set of CME credits, and each physician or nurse completes their CME at different times of the year, and each state has different guidelines, and so on and so forth. Manually managing these processes is neither feasible nor cost effective. The solution is a Contract Management System.