Ntracts, a leader in contract lifecycle management (CLM) solutions for healthcare, today announced that it has acquired Compliatric, a regulatory, accreditation, and compliance management technology for healthcare organizations. This acquisition represents a significant step forward in Ntracts’ mission to provide healthcare organizations with a comprehensive, end-to-end solution for contracting and compliance management.
Healthcare organizations must continually mitigate non-compliance, maintain accreditation status, and ensure patient care quality, by adhering to legal, regulatory and organizational requirements. This includes performing exclusion checks on vendors, providers and employees, maintaining and making policies accessible, reporting and managing incidents and completion of many more governance, risk and compliance (“GRC”) related activities.
“Because of the rigorous nature of regulatory requirements, clients know that administrative compliance tasks and contract lifecycle management go hand in hand. Partnering with Compliatric allows us to deliver on that need,” said David Paschall, Chief Executive Officer of Ntracts. “By combining our solutions and complementary areas of expertise, we’re strengthening our ability to support clients in managing the full spectrum of their contracting and compliance needs.”
Healthcare organizations utilize a variety of disparate and outdated compliance management tools to support these functions. Managing, onboarding, and training employees in a variety of ways and on multiple processes is burdensome for healthcare organizations. Compliatric addresses this challenge with its all-in-one integrated solution, created by healthcare compliance veterans on a mission to create solutions that make compliance tasks easier, efficient, and a strategic advantage for clients.
Together, the combined company will continue to set itself apart in the market simplifying management of contracting and compliance with built-in healthcare-specific best practices, expertise, and unparalleled customer support across their suite of solutions. With the addition of Compliatric’s compliance, accreditation, and governance capabilities, Ntracts will further enhance its ability to help healthcare organizations identify inefficiencies, mitigate compliance and financial risks, and optimize contract management processes. Clients will benefit from an expanded suite of solutions that not only streamline contract origination, automation, and tracking but also ensure seamless compliance with evolving regulatory requirements—empowering healthcare organizations to operate more efficiently and strategically.
“Since 2014, Compliatric has been dedicated to simplifying healthcare compliance and accreditation management,” said Compliatric’s Chief Executive Officer, Dave Monaghan. “By joining forces with Ntracts, we are taking that mission to the next level—offering healthcare organizations an integrated approach to managing contracts, compliance, risk and governance. Our clients will benefit from expanded capabilities, deeper insights, and a more streamlined experience, all within a unified partner.”
To read more, visit the press release here.
