How Ntracts Compares To Other Healthcare CLM Systems

Ntracts Contract Management Software on monitor

What is the best healthcare contract management software? We analyzed a range of Ntracts competitors** across the CLM landscape to find out, and compiled this table. Our research includes some other healthcare CLM systems, ERP systems, large industry agnostic CLM providers, and even systems more geared to finance and supply chain. You will see that Ntracts is head and shoulders above the rest when it comes to healthcare specific contracting.

Ntracts Symplr

Meditract

Contract

Guardian

Contract

Works

ERP Industry

Agnostic

Financial

Supply

100% Healthcare Specific
Partnered With Healthcare Law Firm
In-House Customer Support (100% USA Based)
Transparent Pricing
100% Implementation Rate
Unlimited Contract Repository Limited Limited Limited Limited Limited Limited
Healthcare Specific Workflow Automation Limited Limited
Docusign Digital Signature Included
Advanced Reporting Limited Limited Limited Limited Limited Limited
Healthcare & Compliance Expertise Limited Limited
Healthcare Best Practices Incorporated Limited Limited
Dedicated Professional Services Limited Limited
Preferred For Assisting With CIAs
Handles A Range Of Healthcare Contract Types Limited Limited

Why Healthcare Organizations Need A Healthcare Specific CLM

Healthcare Hospital Medical icon

Choosing the right contract lifecycle management software for your healthcare organization is critical to success in terms of efficiency, compliance and the bottom line. There is no ‘one size fits all’ for CLM, and users who opt for healthcare bolt-ons in existing systems can often struggle in the long run. The nuances of the industry are far too complex to leave up to a generic solution.

Ntracts is 100% dedicated to healthcare, 100% of the time. We offer a platform that is specifically tailored for use by healthcare systems, hospitals, physicians and more. In fact we’re the only system that combines expertise in CLM and healthcare compliance, which means we are adept at helping clients avoid non-compliance risks in one of the most highly regulated industries. Add in our top rated implementation and support teams, as well as a suite of professional and advisory services, and it’s easy to see why Ntracts is healthcare’s trusted partner for contract management.

Top 11 reasons legal and compliance officers are switching to Ntracts

1. Compliance and Legal Expertise

Ntracts is solely healthcare-focused, and we are contract lifecycle management experts specializing in legal and compliance requirements. Our expert advice is targeted, accurate, and supported by Hall Render, the nation’s leading healthcare law firm.

2. 100% Predictability of Spend

Pay what you expected to pay! Many of our competitors will start their customers at one price and within five years may be paying 10 times what they contracted for, and every upgrade or service add-on is an upcharge. Ntracts pricing model allows our clients to store all their contracts and supporting documentation with no surprises and upgrades are included.

3. Proven Migration Process

Over 50 healthcare organizations using one of our major competitors have upgraded to Ntracts and every one of them continues as a client to date.

4. Solely Focused on Healthcare.

Ntracts is the Contract Lifecycle Management solution that is exclusively focused on healthcare. We understand the unique needs of healthcare contracting and compliance. It’s all we do.

5. Consistent High-Quality Level of Service.

As other software companies diversify, they lose focus on healthcare contract management. Many of our competitors utilize a single help desk to advise on multiple markets and solutions.

Ntracts is dedicated to providing services focused on healthcare contract lifecycle management best practices.

6. Data Privacy and Monetization.

Ntracts does not hold data hostage and will never sell our customers’ contract data.

7. Uncompromised Data Integrity.

Many software company’s lack of knowledge, expertise, and system architecture can lead to missing and inaccurate reporting on information. Compliance Officers and General Counsel need transparency into data and rely on guidance and best practice of what information to track, which Ntracts reliably provides.

8. Outstanding Client Retention.

Since Hall Render founded Ntracts in 1987, we have never lost a CLM customer to a competitor.

9. Compliance Risk Mitigation.

A product that is not built on the foundation of workflow or automated processes to mitigate compliance risk can lead to crucial boxes that will go unchecked. When an unchecked box can cost a hospital system millions of dollars, they need experts by their side.

Ntracts not only ensures T’s are crossed and I’s are dotted, our solution also drives efficiency and transparency in the contracting process.

10. Basic Systems Don’t Do Enough.

At the high costs some hospitals and health systems are paying for their current CLM systems, adding a workflow solution to streamline contracts through the lifecycle process shouldn’t be cost prohibitive.

11. Ntracts’ Leadership Team.

Ntracts believes in integrity, trust, partnership, and client success; not satisfying our investors’ appetite for rapid growth. Meet our leadership team.

Still Managing Contracts On A Spreadsheet Or Paper?

You are leaving yourself open to massive risk and potential breaches of healthcare regulations!

It is essential that a dedicated contract management system is used for healthcare contracts. Anything less could cost millions in regulatory penalties. Spreadsheets, shared drives and even paper records are just not up to the job:

1. Huge security risks including hacking, record preservation or just human error. Is your data secure?

2. Contract auto renewals can occur without your knowledge. How much is an unwanted auto renewal worth to your organization?

3. Poor compliance is common, including an inability to search contracts when thousands exist. Would you be happy showing the OIG your setup?

4. Employee turnover can lead to a lack of knowledge about the current system. What happens if the person organizing your contracts leaves?

Get a customized demo with our experts who can walk you through a better way to manage your healthcare contracts.

**Healthcare CLM Systems

  • Meditract/ Symplr
  • Contract Guardian
  • Contract Works

ERP Systems

  • Workday
  • Peoplesoft
  • Servicenow

Industry Agnostic CLM Systems

  • DocuSign
  • Intellagree
  • Agiloft
  • Icertis
  • Cobblestone

Financial/Supply CLM Systems

  • Oracle

Ready To Learn More About Healthcare CLM?

Request a free 10 minute consultation with our team!