Ntracts

Ntracts is a Contract Lifecycle Management solution designed specifically for healthcare organizations. According to the vendor, it aims to streamline and automate the contract management process, ensuring consistency, accuracy, and compliance. It is marketed as a valuable tool for professionals in the healthcare industry, including healthcare providers, hospitals, physician practices, pharmaceutical companies, and insurance providers.

Key Features

Contract Workflow Automation: According to the vendor, Ntracts automates contract movement and tasks to ensure consistency and accuracy in the contract management process. It is said to check contracts for compliance standards before reaching the signature stage, potentially reducing time and costs.

Key Date & Task Management: Ntracts claims to proactively manage contract key dates and tasks. The vendor states that it can identify termination and renewal dates in advance and initiate workflows accordingly, potentially preventing missed key dates and ensuring timely contract management.

Integrated Electronic Signature: The vendor states that Ntracts allows contracts to be signed within the system, eliminating the need to leave the platform. It is claimed to be a certified partner of DocuSign, providing a secure and reliable e-signature process. The system is said to automatically update with any changes from DocuSign.

Contract Management: Ntracts offers unlimited contract storage for easy review and access, according to the vendor. It allows separate records for different types of agreements and defines relationships between related contracts for better visibility. The system is said to track expiration dates and automatically notify vendors for updated documents.

Ntracts Evaluations: According to the vendor, this feature facilitates and automates the evaluation process of contracts, particularly those impacting patient care. Ntracts is claimed to assess contracts for compliance, associate evaluations with contract records for easy review, and provide standardized survey questions and scoring methodology.

Contracting Processes: Ntracts offers process improvement and optimization services, according to the vendor. It is claimed to analyze existing tools, processes, and stakeholders, identify pain points, and recommend improvements. Ntracts also claims to help develop contracting processes, policies, and future state technology.

Data Accuracy: Ntracts is said to abstract and validate key contractual data for accurate insights. The vendor claims that it can customize data capture for different contract types, organize contract files, and align master agreements for easy access. The system is said to perform database audits and assessments for improved data management.

Contract Audits: Ntracts claims to assist in Business Associate Agreement (BAA) audits and compliance. According to the vendor, it can capture BAA information, abstract agreed-upon data, perform database audits, and provide recommendations for improvement. Ntracts also claims to offer comprehensive reporting for compliance and documentation purposes.