Healthcare Contract Management
Improve Payer Contract Management, Modeling and Reimbursement
Is your payer contract reimbursement at risk? Cumbersome contract loading and management can leave you out of sync with new contract terms and conditions exposing your health system to the risk of underpayments and declining revenues. IT and staffing constraints can also make it difficult for timely payer contract modeling placing your negotiations on unequal footing and in danger of adverse financial consequences.
Conquer the complexity of healthcare contract management and modeling while ensuring accurate payment from claim creation through the appeal process with CRYPTON Contract Management. With CRYPTON’s Contract Management solution, you can easily manage 100% of your contracts and terms in a centralized repository.
Simplify Change Management
Create, maintain and model contracts in real-time. Our intuitive software wizard translates complex terms into user friendly descriptions making it easy for your staff to load or update your contracts. Now you can manage payer contracts and ensure they are ready on the effective dates without incurring lost time or expense for vendor support. Of course, if you prefer, we can also load new contracts for you.
Gain Control of Outcomes
Model payer contracts to your advantage with our cloud-based “what-if analysis” that lets you use historical claims data to determine the impact of contract changes and new proposals. Now you have the tools to negotiate payer contracts and rapidly evaluate the impacts of changes your payer representatives propose. You can also compare multiple model iterations to anticipate the impact of changing demographics and service lines against your baseline to determine contract scenarios that yield the highest net revenue. Gain unprecedented insight into the impact of shifting payer terms as you manage the transition to value-based reimbursement.
Mitigate Financial Risk
Managing contract reimbursement is easy with CRYPTON’s enterprise dashboard that analyzes contract payment variance across all your facilities. Your staff can quickly drill-down to contract payment variance at the claim, category and the line item level. Your staff gains the visibility to monitor payer contracts and hold payers accountable through institutional and professional reporting, payer scorecards and performance tools. CRYPTON also alerts your managed care team to contracts approaching the end of their terms, so you have plenty of time for payer contract modeling. We identify which contracts are underperforming by term and contract utilization and share case rates, groupers and per diems that have total charges below the contracted rates, so you have essential knowledge to better negotiate payer contracts and engage counterparts making pricing decisions.
Expedite Revenue Recovery
Quickly assess payer intervention needed by comparing expected payer contract reimbursement and percentage of cash received across your enterprise and for each facility. Divide work by attributes such as timely filing, payer contracts, variance thresholds and violation types to speed recovery. Improve staff productivity and throughput by automating the appeals process with a pre-built form that provides supporting contract language and claim detail to the line item level for payment resolution.