With the emergence of Obamacare, hospitals are trying to operate more efficiently than ever.
For Buddy Bacon, that’s where Chattanooga-based TractManager comes in.
“In this age of regulatory risk and compliance, the need for systems to help us all manage our contracts and data is very important,” says the chief executive of the contract management company. “We help hospital customers operate more efficiently so they can utilize their money to invest in quality of care.”
TractManager, with about 100 employees in Chattanooga, now services one of every four U.S. hospitals, Bacon says. The company centralizes, monitors and controls contract management, currently working with more than 6,000 health care facilities. Its aim is to enhance contractual obligations and compliance and streamline work flow.
The company, in Chattanooga for more than a decade, made a big move last year with the acquisition of a Dallas, Texas, business that provides hospitals with clinical and financial data to make technology or service decisions.