Ntracts Revolutionizes Contract Management for Healthcare Organizations with Accel-KKR Investment

In the ever-evolving world of healthcare, regulatory compliance and contract management have become two critical areas that healthcare organizations must navigate effectively. Failure to comply with government regulations can result in significant fines, while contract mismanagement can lead to lost revenue. Ntracts, a leading contract lifecycle management solution for healthcare organizations, is addressing these challenges head-on with a significant investment from Accel-KKR, a global technology-focused private equity firm.

The collaboration between Ntracts and Accel-KKR aims to accelerate Ntracts' go-to-market strategies, drive product innovations, and solidify its position as a market leader. With Accel-KKR's extensive expertise in healthcare IT investing and access to valuable operating resources, Ntracts is poised to bring further innovation to its core offering and strengthen its client partnerships.

The need for robust contract management solutions in the healthcare industry cannot be overstated. The average-sized community hospital spends a staggering $7.6 million annually on administrative activities related to regulatory compliance alone. Furthermore, healthcare organizations lose an estimated 9% of their annual revenue due to contract mismanagement. These figures highlight the urgency for healthcare organizations to streamline their contract management processes and ensure compliance with government regulations.

Ntracts' Contract Lifecycle Management solution addresses these pressing concerns by providing clients with full visibility into their contracts, automating workflows for increased efficiency, offering advanced contract data reporting, and mitigating compliance risks. The implementation roadmap emphasizes partnership and collaboration, ensuring that Ntracts takes full responsibility for each implementation.

Accel-KKR's investment in Ntracts aligns with their commitment to advancing digital transformation in the healthcare industry. By leveraging Ntracts' contract management software, healthcare organizations of all sizes can streamline their contract management processes, minimize regulatory exposure, and identify cost savings.

Phil Cunningham, Managing Director at Accel-KKR, expressed excitement about partnering with Ntracts and supporting their growth. He acknowledged that Ntracts' contract management software is a powerful tool that can help healthcare organizations manage their contracts efficiently and effectively.

The involvement of Brentwood Capital Advisors as the exclusive financial advisor further emphasizes the significance of this investment. Ntracts has positioned itself as a trusted and reliable contract lifecycle management solution for healthcare organizations, with over 30 years of experience in the industry. Founded by the leading healthcare law firm, Hall Render, Ntracts has built a reputation for delivering best-in-class, healthcare-focused solutions.

Accel-KKR, as a technology-focused investment firm with $19 billion in cumulative capital commitments, has a track record of investing in software and tech-enabled businesses. They prioritize building strong partnerships with management teams and creating value alongside them. With headquarters in Menlo Park and additional offices in Atlanta, London, and Mexico City, Accel-KKR possesses the resources and expertise necessary to drive Ntracts' growth and success.

The partnership between Ntracts and Accel-KKR is set to revolutionize contract management in the healthcare industry. With their combined expertise, they are well-positioned to provide healthcare organizations with the tools and support they need to navigate the complex landscape of regulatory compliance and contract management successfully.

To learn more about Ntracts and their contract lifecycle management solution, visit their website at ntracts.com. For more information about Accel-KKR and their technology-focused investment initiatives, visit accel-kkr.com.