AuthenticX, a venture-backed software company specializing in healthcare conversation intelligence, needed a way to quickly determine which vendors had data privacy or ownership considerations to understand restrictions pertaining to a buildout of their internal data platform.

Challenge

AuthenticX had a sizable and growing portfolio of Master Service Agreements with varying risk profiles, contractual provisions, and standard format. AuthenticX also wanted a systematic way to assign a risk rating to each agreement.

Approach

Our team conducted a comprehensive review of more than 45 Master Services Agreements. The objective was to analyze data privacy and ownership provisions to establish a risk profile concerning data usage across the client’s existing client relationships. Leveraging AI-assisted technology, the team extracted key contractual provisions from the MSAs and developed a risk rating framework for each agreement based on the resulting data analysis.

Impact

AI provided fast data extraction as well as overall guidance on risk which was elevated for attorney
expertise. The client was provided an extracted data matrix and a one-page investor-facing summary addressing data ownership considerations. The project was executed rapidly and in a cost-effective manner on a fixed fee basis.