New offering fills a long-standing gap in the market, giving community hospitals, FQHCs and growing provider groups the contract management infrastructure they need without the complexity of an enterprise rollout.

CHATTANOOGA, Tenn.: Ntracts, the leading healthcare-specific governance software suite for contract lifecycle management (CLM), compliance and policy, today announced the launch of CLM Flex, a new contract management solution designed specifically for smaller healthcare organizations.

CLM Flex gives community hospitals, federally qualified health centers (FQHCs), behavioral health organizations and growing provider groups the structure, visibility and workflow standardization they need to manage contracts effectively, without the implementation complexity or overhead associated with enterprise CLM software.

Healthcare organizations managing contracts in spreadsheets, shared drives and email chains face a growing governance risk. According to the Journal of Contract Management, 71% of organizations cannot locate at least 10% of their contracts. Research from Forrester and Aberdeen finds that manual contract approval processes take an average of 3.4 weeks and that organizations moving to structured contract management see an 82% reduction in approval time and a 55% improvement in compliance rates.

For smaller healthcare organizations, the path to addressing these gaps has historically required choosing between inadequate manual processes and enterprise CLM software built for organizations far larger than their own.

CLM Flex was built for the organizations in between.

"For years, smaller healthcare organizations have been underserved by the contract management software market. The options available to them were either not enough or far too much. CLM Flex changes that. It brings the structure, workflow standardization and healthcare-specific expertise that Ntracts is known for to organizations that need contract management to just work, without the enterprise lift that has historically made that impossible." - David Paschall, Chief Executive Officer, Ntracts

About CLM Flex

CLM Flex is a pre-configured healthcare contract management solution designed for organizations that need structured contract management without customization overhead. Built on Ntracts’ proven CLM infrastructure and healthcare expertise, CLM Flex includes:

• A centralized contract repository with pre-configured healthcare contract types and best-practice data fields by contract class
• Standard review and approval workflows for amendments, renewals and terminations, with up to three reviewers and three approvers per workflow
• 20 pre-defined fields with no setup or triggers required
• Automated renewal and obligation alerts
• Comprehensive contract reporting with up to three reporting administrators
• Document generation for faster contract creation
• Docusign® integration included at no additional subscription cost
• AI-assisted contract review that flags risk and inconsistencies
• Single sign-on and dedicated client support

CLM Flex is available immediately. Organizations interested in learning more can request a demo at ntracts.com.

"What we hear from smaller healthcare organizations is consistent: they know their current system has a ceiling; they just assumed a real solution was out of reach. CLM Flex was built specifically to close that gap. It is pre-configured for healthcare from day one, fast to implement and sized for the way lean teams actually work. The organizations that need this most no longer have to choose between a spreadsheet and a six-month enterprise implementation." - Dale Van Gorder, Chief Sales Officer, Ntracts

Designed for the organizations healthcare governance too often overlooks.

CLM Flex is purpose-built for healthcare organizations that have outgrown manual contract tracking but do not require the full configurability of an enterprise CLM deployment. Target organizations include:

• Community hospitals and smaller health systems
• Federally qualified health centers (FQHCs) and community health centers
• Growing provider groups and specialty networks
• Behavioral health organizations
• Teams without dedicated contract management resources

CLM Flex extends Ntracts’ longstanding commitment to serving healthcare organizations of every size. Across contracts, compliance and policy, Ntracts has always believed that smaller organizations deserve the same quality of healthcare-specific governance infrastructure as the largest health systems in the country. CLM Flex delivers on that commitment for contract management.

About Ntracts

Ntracts is the leading healthcare-specific governance software suite, connecting contract lifecycle management, compliance (GRC), policy management and physician governance in one purpose-built solution. Founded on decades of healthcare expertise, Ntracts serves health systems, hospitals, physician groups, FQHCs and healthcare organizations of every size across the United States. Ntracts has a 100% implementation success rate and a 98% client retention rate year over year. To learn more, visit ntracts.com.

Fonte: Business Wire