NASHVILLE, Tenn., December 11, 2019 – Ecteon, one of the nation’s leading contract life cycle management (CLM) software companies, announced today that Healthcare Tech Outlook magazine has named Ecteon as a top-tier choice among industry leaders in their coveted list as a Top 10 Healthcare Compliance Solution Providers of 2019.
Corporations chosen are leaders that are spearheading technological advances to best tackle challenges in the healthcare sector. Contraxx, Ecteon’s easy-to-use and affordable contract management software was a standout in earning this recognition for its technological innovation that allows health care organizations to easily keep up with rapidly changing environments.
A recent launch of a new artificial intelligence module known as Exxtractor, helps Ecteon stay at the forefront of healthcare compliance. The AI feature has increased regulatory decision support for contract managers in contract negotiation stages by tracking and alerting the negotiating principal of company policy for preferred, acceptable and unacceptable contract language.
“Our AI feature greatly facilitates a company’s policy adherence and oversight to risk elements during the contracting process,” said Richard Eckerstrom, CEO of Ecteon.
“Ecteon is committed to developing technology that meets the ever-changing functional requirements of CLM software users, and as such we’re proud to be recognized for this exclusive ranking of the nation’s top health care compliance solution providers.”
Ecteon has earned a place in the “mission-critical” category of several esteemed partner health care institutions. Contraxx’s API-based integration platform gives organizations the ability to manage any contract life cycle from one enterprise-wide solution by providing critical information to other enterprise systems and minimizing contracting cycle time and profit loss.
This recognition is the latest in a string of awards and accolades Ecteon won in 2019. Ecteon has consistently been recognized for its leadership and accomplishments by various industry associations and publications, including:
- Top 50 Most Trustworthy Companies of the Year 2019 by The Silicon Review
- A Top 10 CLM in 2019 and Innovative Leader in Contract Lifecycle Management Software by Business-Software.com
- One of the 20 Most Promising Enterprise Contract Management Solution Providers by CIO Review
- Featured in Gartner’s “Market Guide for Contract Life Cycle Management
About Ecteon, Inc.
Ecteon is a contract management software company based in Nashville, Tennessee. Its premier Enterprise Contract Management (ECM) system, Contraxx, helps companies manage the most complex contracting challenges. Ecteon offers unique insights that enable customers to effectively and reliably manage their entire contract life cycle. Ecteon is a 100% employee-owned, private U.S. corporation. Ecteon has long-term, stable partnerships with referenceable customers across a wide range of vertical markets and industries such as media and entertainment, retail, energy, banking, insurance, and health care. Some of its most recognizable clients include Blue Shield of California, Dick’s Sporting Goods, World Wrestling Entertainment (WWE), Universal Music, Meredith Entertainment, and Kaiser Permanente.
About Healthcare Tech Outlook
Published in Fremont, California, Healthcare Tech Outlook is a print magazine that features CIOs, ITVPs, CTOs, and other decision-makers sharing their insights and perspectives on the health care industry. A panel of experts, technology leaders and board members of Healthcare Tech Outlook magazine has finalized the “Top 10 Medical Practice Management Solution Providers 2019” and shortlisted the best vendors and consultants in the healthcare industry. For more information, visit: http://www.healthcaretechoutlook.com.