Contract Administration
The right data for informed decision making and negotiating favorable contracts
Contract Administration
Contract administration involves a complex network of regulatory requirements and varying reimbursement structures. The volume of contracts that healthcare organizations must manually track and analyze is overwhelming and errors have significant financial impact.
Underpayment risk and decreased income is the result of inadequate control and visibility.
Contract Administration uses a strategic blend of Gen AI technology and human expertise to empower healthcare organizations to proactively manage their contracts. We automatically perform underpayment analysis, identifying any discrepancies or underpayments and providing insight into areas needing improvement.
Our contract modeling tools provide the right data needed to make informed decisions and negotiate favorable contracts with payers.
Impact Delivered
Contract Administration FAQs
Yes. Contract Administration ensures that each claim is priced according to your contract terms and every claim is monitored for reimbursement.
Yes. Contract Administration reduces manual work and improves overall efficiencies including a reduction in contract management costs and lower risks of penalties and non-compliance.
IKS Contract Administration provides clients with the data to strategically evaluate the performance of existing contracts. By analyzing actual contract performance against expected outcomes, organizations can identify areas of improvement and make data-driven decisions for future negotiations.