Not All Healthcare Heroes Wear ScrubsTractManager’s solutions help healthcare’s unsung heroes run their organizations efficiently and make smarter decisions.
Healthcare organizations depend on “unsung heroes” to run the day-to-day operations while the clinical staff deliver patient care. These heroes must make sure that many behind-the-scenes tasks are managed efficiently and cost-effectively—no small feat. Patrick Flynn, TractManager’s Chief Product Officer, writes about how TractManager’s Contract Lifecycle Management, Strategic Sourcing, and Provider Management solutions help these unsung heroes run their healthcare organizations efficiently and make smarter decisions.
- TractManager’s Contract Lifecycle Management (CLM) solution helps organizations reduce the administrative burden of contracting. MediTract CLM reduces administrative costs by 40 percent and speeds up contract negotiations by 50 percent and contract cycles by 60 percent. By using MediTract CLM, one 600-bed academic hospital on the West Coast reduced its operating expenses by 50 percent while saving $1 million.
- TractManager’s Strategic Sourcing solutions identify cost reduction opportunities and provide unbiased clinical evidence and price benchmarking data to support better purchasing decisions. A large, multi-state provider in New England reduced their overall supply chain costs by $29 million by using our technology-enabled spend management services.
- TractManager’s Provider Management solution standardizes and accelerates provider credentialing, privileging, and enrollment, increasing productivity and eliminating delays in revenue capture. We helped a Mid Atlantic, 36-facility medical group reduce enrollment-related claim denials by 50 percent while improving enrollment times by 125 percent.
Flynn says, “We think of TractManager as a health system for the nation’s health systems. Every organ transplant, every heart surgery, every knee replacement is made possible by a vital but often unseen infrastructure. And while the people running these day-to-day operations might not appear in the headlines, or receive acknowledgment from patients, they are the foundation on which a healthcare organization’s future success is built. TractManager is here to support those unsung heroes.”
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Learn why the nation’s top health systems use MediTract CLM, and see how our NCQA-accredited Credentialing services can streamline your provider management, and ensure timely, accurate payment for patient care.