Take control of your contracts with streamlined end-to-end contract lifecycle management

Leverage breakthrough enterprise solution to build contracts faster, improve contract data accuracy, and enhance provider and customer experiences.

Industry Challenge 

  • Contracts stored in email inboxes, local shared folders, and filing cabinets 
  • Data silos in the absence of a single source of truth 

Impact 

  • Accessibility, accuracy, and maintenance challenges 
  • Compliance issues 

Our Solution 

  • Creates a single source of truth for contracts 
  • Eliminate errors and inconsistencies in contracts 
  • Ensures that contracts are digitized and easily searched
  • Improves business outcomes 

Industry Challenge 

  • Dependency on legacy systems 
  • Manual error-prone processes for generating contracts 

Impact 

  • Operational inefficiencies 
  • Inconsistencies in contracts 

Our Solution 

  • Automates contracts by up to 90% by leveraging pre-configured templates 
  • Creates a language repository for easy reuse 
  • Exposes self-service links to providers, employer groups, and members 

Industry Challenge 

  • Manually tracking status of thousands of contracts 
  • Manually updating contracts 
  • Manual communications between internal teams, clients, and vendors 

Impact 

  • Unwanted contract expiry 
  • Negative experience for providers, employer groups, and members 

Our Solution 

  • Prevents unwanted contract expiration 
  • Ensures timely contract renewals 
  • Automates alerts and notifications to track key contract milestones 

Why eContractSync ?

Add agility to your contract lifecycle management and automate new contracts and renewals by up to 90% and reduce contract maintenance timeframes by up to 60%.
Automated Contracts
90%
Operational Efficiency
70%
Maintenance Timeframes
60%
Errors
90%
Admin Costs
75%

Frequently Asked Questions (FAQs)

Here are the answers to the most frequently asked questions about implementing end-to-end QHP benefit plan management solution and partnering with Simplify Healthcare.

1. What is contract lifecycle management?

Contract lifecycle management manages various aspects of provider, employer group, and member contracts effectively without any last-minute drills. It is a way to streamline different contract management processes.

2. How can you automate contract lifecycle management?

Our solution, eContractSync™, automates the contract lifecycle management processes by consolidating provider, employer group, and member contracts from internal and external sources to create a single source of truth for all contract information. You can configure your data to comply with guardrails for regulations and business policies via centralized business rules.

3. Why use the automated contract lifecycle management solution?

Using eContractSync™, Payers, TPAs, and ASOs can streamline various aspects of the contract lifecycle, including language repository for easy reuse, load all contracts once and integrate information across the enterprise, efficiently manage amendments and renewals, manage critical data associated with contracts in an integrated language repository, standardized language, and more. The automated solution helps improve the speed-to-market, data accuracy, and cost-effectiveness by up to 75%.

4. What kind of contracts can be generated from eContractSync™?

eContractSync™ flexibly generates all types of provider, employer group, and member contracts including:

  • Large and small provider organizations
  • Large and small groups, and individual
  • Standard and custom
  • Value-based purchasing
  • Ancillary (Dental, Vision, Pharmacy, STD, LTD, Life, etc.)

It helps generate all communication documents from a single source of truth, provider/customer notifications, credentialing, authorizations, contracts, and marketing materials.

5. What are some of the core functionalities of eContractSync™?

eContractSync™ simplifies the configuration of provider, employer group, and member contracts with intelligent decision support for your various teams that manage and view contracts, such as provider contracting, network management, etc. It digitizes critical data within contracts to be better integrated into related systems. eContractSync eliminates duplicative data by allowing the management of discrete units of text that can be assembled into documents based on user-defined business rules. It streamlines contract lifecycle management by eliminating the disparate legacy system and error-prone processes and automates customer contracts to improve value-based payment reconciliation.