Ecteon (www.ecteon.com), a nationally leading authority and provider of contract lifecycle management (CLM) software for some of the top enterprise, healthcare organizations, was named Company of the Year by Healthcare Insights Magazine, a medical publication that serves as a healthcare guide. Ecteon was chosen as the company of the year because of its cutting-edge product innovation, outstanding customer service, and its commitment to increase the value for healthcare providers through comprehensive contract management tools.
“We are honored to be named Company of the Year by Healthcare Insights,” said Richard Eckerstrom, CEO of Ecteon. “This recognition reinforces our commitment to help our healthcare clients streamline contract management and save valuable time and resources.”
Healthcare-related contract management is becoming increasingly more costly for internal contracting and compliance management resources. According to a recent study by Black Book Market Research, healthcare providers spent nearly $157 billion on manual contract management in the last year. With so much at stake for healthcare organizations, reducing their exposure is critical.
Contraxx, Ecteon’s enterprise-wide contract management software solution, simplifies the time-consuming and expensive process of managing all stages of contracts while automating changing regulations, reducing operating costs, and mitigating financial and contract risk.
“There are so many nuances when working with complex healthcare systems,” said Richard Eckerstrom, CEO of Ecteon. “At Ecteon, we’re driven to help healthcare companies manage the complexity and reduce the challenges associated with capturing the many policy and regulatory changes.”