Contract Life Cycle Management is Coming Out on Top, as Healthcare Providers Increasingly Rely on the Tool

 

The healthcare industry is undergoing a significant transformation, driven by the need to improve patient experiences, access, and outcomes. Amidst this shift, contract lifecycle management (CLM) is emerging as a critical tool for healthcare providers. With the increasing pressure on cost management and compliance, healthcare organizations are seeking solutions that streamline operations and enhance efficiency. This is where companies like Ntracts, Inc., enter the picture by offering innovative solutions that align with the dynamic needs of healthcare systems.

How is contract lifecycle management revolutionizing the healthcare industry, and what role does technology play in supporting healthcare providers to deliver better patient care?

For the latest “Highway to Health” segment, host David Kemp welcomed David Paschall, CEO of Ntracts, Inc., and Stephanie Haywood, the company’s SVP of Sales and Client Engagement. Their discussion revolved around the impact of contract lifecycle management on healthcare efficiency, cost management, and compliance, and how these technologies empower healthcare providers to focus more on patient care.

The three of them also discussed:

  • The critical role of physical activity and mindfulness in maintaining personal health, particularly for busy professionals.
  • The challenges healthcare organizations face in contract management and how Ntracts’ solutions address these issues.
  • The evolution of contract lifecycle management and its increasing importance in healthcare, especially in light of cost pressures and compliance requirements.

David Paschall is the CEO of Ntracts, Inc. and has over 20 years of experience in healthcare technology and contract management. His experience is mostly in developing strategic solutions that enhance operational efficiency and compliance in healthcare organizations. 

Stephanie Haywood is the SVP of Sales and Client Engagement at Ntracts, and specializes in client relations. She has a lot of knowledge and experience in the healthcare sector. Combined knowledge and experience make them leading voices in the field of healthcare contract management.

Article written by Alexandra Simon.

Recent Episodes

In this impactful episode of the ConCensis podcast, host Yasmeen Hassan sits down with Robby Miller, Sterile Processing Manager at St. Joseph’s Hospital Medical Center, to explore how artificial intelligence is revolutionizing the field of sterile processing. With nearly 30 years of experience in healthcare, Miller shares his journey from EMT to SPD leader, offering…

In the last two decades, oncology has undergone a transformation with over 300 new cancer therapies approved by the FDA—many offering novel mechanisms of action. Despite these innovations, resistance to treatment remains a critical challenge, with cancer cells evolving or adapting to evade even the most advanced therapeutics. This issue is particularly pressing given that…

In an era where precision and predictability define the future of oncology, organoid technology is emerging as a transformative tool in drug discovery. These miniature, lab-grown 3D tissues mirror real human biology more closely than traditional 2D models or even animal systems, offering researchers the potential to predict patient-specific drug responses. As organoids become more…