Newgen Software, a leading global provider of Business Process Management, Enterprise Content Management, and Customer Communication Management solutions has announced the release of the latest version of its Provider Contract Manager solution for US Health Plans. Newgen Provider Contract Manager is a centralized and fully automated system to process and manage provider contracts efficiently.

Built on Newgen’s advanced Enterprise Content Management (ECM) and Business Process Management (BPM) systems, the solution delivers speed and accuracy across the contract lifecycle. A recent implementation of this solution for a large Health Plan has resulted in a 35% reduction in turnaround time for the provider contracting process, 40% reduction in operational costs and 95% increase in compliance.

According to Mr. Anand Raman, Vice President, Newgen Software Inc., “Newgen has successfully solved complex issues in highly regulated industries such as Banking, Life Insurance, Life Sciences and Shared Services on a global scale. We understand the regulatory and data security risks faced by Health Plans and are developing solutions that can be configured to address their needs. Newgen’s Provider Contract Manager was developed in response to a significant pain point that we observed at a large Health Plan and we are proud to have exceeded their expectations with this solution. Recognizing that cloud based solutions are becoming a strategic asset for our Health Plan clients, we are also offering the option of both cloud based and on-premise implementations for this solution.”

Health Plans are faced with significant changes to care delivery mechanisms, evolving provider networks and complex regulations. These changes require technology platforms that will maintain the consistency and integrity of new provider contracts, bring transparency into the decision making process and capture meaningful metrics. Newgen’s Provider Contract Manager creates a centralized repository of contract information and provides business users with role-based access to sensitive contract data and documents. It then orchestrates this information across departments using an advanced workflow engine. This capability results in successful automation of mission critical processes like Contract Creation & Archival, Provider Configuration, Provider Credentialing, Provider Communication and Reporting & Monitoring. Provider Contract Manager is available in both cloud based and on-premise formats.

About Newgen

Newgen Software Inc. is a leading global provider of Business Process Management (BPM), Enterprise Content management (ECM), Customer Communication Management (CCM) and Adaptive Case Management (ACM).