In the healthcare industry, a trusted e-signature platform is crucial to ensuring regulatory compliance with electronic signature laws. E-signatures are used in almost every aspect of life from tax returns to employee onboarding to medical records. E-signature systems are becoming more common in the healthcare industry, but with the stipulation that they conform to distinct regulations under the Uniform Electronic Transaction Act and the ESIGN Act of 2000.
- The use of esignatures can result in an 80% average error reduction (source)
- 81% of business users consider e-signatures to be the most important legal and security aspect of their daily operations. These businesses and sectors include those from banking and finance, pharmaceuticals, healthcare, and government. (source)
- According to the Electronic Signature & Records Association, businesses experience an 83% performance improvement in getting approvals, along with 86% savings in document costs. (source)