Felix Contract Manager

Onboarding new providers’ or hospitals’ contracts, renewals and periodic updates from payors – all of these require meticulous review and translation to a contract management system. The stakes are high when thousands of business rules are constantly changing; contracts are long and tedious and time is short. Can you make sure all contracts are updated and in line with payor rules quickly and efficiently?

Felix Contract Manager is the AI & Machine learning enhancement to your current process and works with your existing contract management system to deliver accurate results quickly. Discover How Felix Contract Manager improves contract analysis coverage from an industry average of 75% to 100%.  In addition, the additional contract analysis coverage is estimated to  enhance the top line by as much as 7.5%. 

Features

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Contracts Processing

Process 1,000+ contracts per day against code compliance, insurance provider rules and individual plan coverage. That’s 250% faster than using a vendor

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Cost
Efficiency

Potential for up to $ 7 M in cost efficiencies annually in the contract loading process.

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Operational Efficiency

Leveraging Machine Learning Algorithms to improve overall operational efficiency.

Use Cases

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Contract Manager for RCM Service Providers

Contract management is a key foundation and can be a burdensome process throughout the year: from onboarding new facilities and contracts to ensure that renewals are processed on time and accurately.

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case study

Contract Manager for Hospitals/Facilities

Hospitals and other facilities exist on small margins and cannot afford to lose money due to manual efforts required to update ageing contract management and payment systems after a payor notice.

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