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Growing contract complexity has made it increasingly difficult to predict the financial impact of proposed terms. The inability to effectively analyze and forecast the impact of provider contracts can be detrimental in today's market where cost containment and increasing efficiencies is a goal of payers in managing Health Reform.
The solution is NetworX Modeler. This sophisticated contract modeling application downloads your actual historical claims data and allows you to run different scenarios at the contract-term level - no matter how complex the rates and terms may be. Moreover, contract modeling can be done in a fraction of the time that traditional contract modeling typically requires. Because this Java-based application uses an English language interface, in-depth analytics are accessible to your entire staff - without extensive training or IT experience.
The benefits of NetworX Modeler:
- Quickly forecasts results, negotiate optimized terms, and improve the financial outcome of every contract.
- Reins in medical expenses by identifying costly or imprecise contractual provisions before agreements are signed. Medical cost savings from better contracts can reduce your medical loss ratio by as much as 0.2 percent to 1.0 percent.
- Moves contracts electronically between the two solutions, thereby eliminating the need to rebuild contracts to enter into your system and greatly improving speed and accuracy.
- Reduces the manual processes involved in modeling and contract analysis by 50 percent or more.
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Information
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For more detailed information, please call 1-800-569-1222. |
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