Ntracts
Ntracts is the trusted contract management partner for healthcare organizations. We deliver a comprehensive contract management solution through a unique combination of healthcare, technical, and legal expertise matched with a user input-driven online tool that mitigates compliance risk, achieves cost savings, improves efficiency, and ensures healthcare organizations stay in front of changing regulations.
Kelly Connell: What is the overall value to yourself of being a member on Ntracts’ Advisory Council?
Being part of the Ntracts Advisory Council has provided unexpected value for Kelly Connell. It offers a platform for sharing insights, best practices, and real-world integration of Ntracts into existing processes. Members discuss challenges and collaborate with Ntracts to find solutions, making it a valuable experience that surpasses initial expectations.
Derek Empie: What are some of the value points of being a member on Ntracts’ Advisory Council?
Derek Empie finds that being a part of the NAC offers significant value through connections with fellow attorneys and contract management leaders. Members benefit from mutual learning and serving as sounding boards for each other. The NAC’s unique, friendly atmosphere fosters strong friendships, creating a sense of belonging and making the experience enjoyable.
Nancy Ardell: What have been the benefits of being a member on Ntracts Advisory Council?
Membership in the Ntracts Advisory Council offers Nancy Ardell the opportunity to connect with like-minded individuals dedicated to enhancing contract management and healthcare IT for departmental optimization. It’s both enjoyable and constructive, as the open exchange of ideas among a supportive group contributes to collective improvement and shared success.
Amanda Hausmann: What are your thoughts on the Ntracts Advisory Council and what do you get out of it?
Amanda Hausmann discusses how being part of the Ntracts Advisory Council is a valuable experience. Members continuously learn from other healthcare entities, benefiting from legal experts’ insights on topics like information security and managed care contracts.
Education Series
2023 Education Series: What are the Causes of Contract Invisibility?
This discussion between Stephanie Haywood and David Paschall revolves around the pivotal role of oversight, processes, and technology in managing healthcare contracts effectively, and highlights the intricate balance required to manage contracts effectively. Oversight, processes, and technology are the cornerstones of contract management efficiency and improvement, and with a commitment to implementing these, healthcare organizations…
Ntracts Advisory Council
Kelly Connell: What is the overall value to yourself of being a member on Ntracts’ Advisory Council?
Being part of the Ntracts Advisory Council has provided unexpected value for Kelly Connell. It offers a platform for sharing insights, best practices, and real-world integration of Ntracts into existing processes. Members discuss challenges and collaborate with Ntracts to find solutions, making it a valuable experience that surpasses initial expectations.
Derek Empie: What are some of the value points of being a member on Ntracts’ Advisory Council?
Derek Empie finds that being a part of the NAC offers significant value through connections with fellow attorneys and contract management leaders. Members benefit from mutual learning and serving as sounding boards for each other. The NAC’s unique, friendly atmosphere fosters strong friendships, creating a sense of belonging and making the experience enjoyable.
Nancy Ardell: What have been the benefits of being a member on Ntracts Advisory Council?
Membership in the Ntracts Advisory Council offers Nancy Ardell the opportunity to connect with like-minded individuals dedicated to enhancing contract management and healthcare IT for departmental optimization. It’s both enjoyable and constructive, as the open exchange of ideas among a supportive group contributes to collective improvement and shared success.
Amanda Hausmann: What are your thoughts on the Ntracts Advisory Council and what do you get out of it?
Amanda Hausmann discusses how being part of the Ntracts Advisory Council is a valuable experience. Members continuously learn from other healthcare entities, benefiting from legal experts’ insights on topics like information security and managed care contracts.
Kelly Connell: How is Ntracts reporting adding value within your clinical contracting organization?
Kelly Connell describes how contract reporting has added significant value, even in its early stages. They have developed reports that track workflow, process, and tasks. These reports provide valuable information to her enterprise, including clinician contracting work and contract status from request to execution, as well as updates when positions terminate or leave the organization.
Amanda Hausmann: Can you share examples of successful outcomes that resulted from implementing or updating your contracting policies in your health system?
Amanda Hausmann talks about how prior to these policies, contracts were managed haphazardly across multiple hospitals. Centralizing the contracting process with experts handling negotiations and signatures, has led to a remarkable increase in appropriate contract handling, from 70% to 99%, and reducing risk at their healthcare entity.
Amanda Hausmann: What is one key KPI that’s crucial to monitor in healthcare contract management?
In healthcare performance, monitoring various KPIs is essential but the primary metric is the contract lifecycle time. Amanda Hausmann describes how tracking every contract’s timeline ensures accountability and timely execution for hospitals.
Kelly Connell: What are the keys to good workflow development?
Kelly Connell emphasizes the importance of effective workflow development by thoroughly considering the workflow’s purpose and intended outcomes. This involves identifying challenges, defining user roles and interactions, documentation needs, and opportunities for process improvements and software enhancements to streamline the contract execution process.
Derek Empie: What are the biggest challenges you’ve come up against when trying to gain organization buy-in for contract lifecycle management?
Derek Empie discusses that the primary hurdle in contract lifecycle management implementation is changing the organization’s mindset. People resist change, but effective communication about the reasons behind it, emphasizing risk assessment and financial stewardship, can foster understanding. Gaining executive leadership support is also crucial for a smoother transition.
What is one word you would use to describe healthcare contracting without confidence in your data?
NAC members describes what it means when you have healthcare contracting without confidence in your data.
2023 NAC Meeting – Chicago
Ntracts hosted its 2nd annual in-person NAC meeting this month with a full roster including strategic CLM discussion topics presented by each provider member, keynote speaker Wendy Rubas on contract and information management, and plenty of Chicago-themed fun.