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Ratings and Reviews 0 Ratings
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What is Newgen Provider Contracting and Servicing?
Enhance the lifecycle of provider contracts by utilizing automation to effectively manage complicated care delivery models, intricate regulations, and constrained provider networks. It is crucial to uphold compliance with regulations to reduce the chances of facing financial penalties. By promoting the creation and oversight of value-based contracts, providers are empowered to deliver transparent and consistent care to their members. The entire contracting process should be expedited, covering initiation, negotiation, execution, archiving, amendments, and renewals. An automated contract creation system, supported by interview-driven contracting features, can streamline this process. A smart questionnaire can be employed to swiftly generate contracts from pre-defined templates, while integrating features like parallel editing, bind variables, reusable clauses, and templates will further accelerate contract development. Additionally, a systematic and organized approach to managing provider credentialing should be maintained, incorporating case auto-routing and intuitive checklists to decrease the likelihood of errors. This all-encompassing strategy not only boosts operational efficiency but also cultivates stronger relationships with providers, ultimately benefiting all stakeholders involved. Moreover, a focus on continuous improvement and feedback mechanisms can ensure the longevity and adaptability of these practices.
What is ContractAI?
ContractAI utilizes advanced artificial intelligence to transform the contract management arena, significantly improving the ways in which contracts are analyzed, created, and negotiated. By automatically evaluating past contracts, it produces templates that incorporate terms beneficial to both parties. Its Analyzer tool leverages AI to define negotiation parameters, evaluate legal and compliance implications, identify intent behind obligations, and set acceptable limits, enabling users to make well-informed decisions in their contracting processes. Furthermore, ContractAI simplifies the traditionally cumbersome redlining phase by offering suppliers thoughtfully selected clause alternatives that promote win-win outcomes. This forward-thinking platform empowers businesses to refine negotiation terms grounded in historical data, effectively reducing the risks linked to unfavorable agreements. In addition, vendors can easily choose viable alternative terms, which leads to a significant reduction in legal and procedural costs associated with contracting while benefiting from an AI-based scoring system that enhances efficiency. This streamlined methodology not only improves individual negotiations but also cultivates a more cooperative atmosphere between all involved parties, ultimately boosting the overall success of contract management strategies. As such, ContractAI is paving the way for a future where contract processes are faster, more transparent, and more beneficial for everyone involved.
Integrations Supported
Microsoft Word
PowerPoint
SAP Store
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Newgen Software
Date Founded
1992
Company Location
United States
Company Website
newgensoft.com/solutions/industries/healthcare-payer/provider-contracting-servicing/
Company Facts
Organization Name
App Orchid
Date Founded
2013
Company Location
United States
Company Website
contractai.apporchid.com
Categories and Features
Contract Management
Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management
Categories and Features
Contract Management
Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management