If you are in the market in 2012 to purchase a cloud-based Health IT system, protect your investment with these contracting tips.

Top 10 Contracting Tips

1. Promises, Promises – Get Them in Writing Whatever aspects of the vendor’s product offering were the basis of your procurement decision – promised features or functions, scalability, 24 by 7 support, on-site training – make sure all of those commitments are clearly memorialized in the contract.

2. Good Planning Means Implementation Success Take the time and engage the resources to scope the implementation with the vendor before signing the contract. Set clear timelines and clear deliverables and incorporate the detailed implementation plan into the contract.

3. Payment Terms that Reflect a Commitment to Success Structure the payment terms so that payment for the system occurs after successful implementation and launch of the system has been achieved in your organization...

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