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ProviderTrust and Ntracts Partner to Proactively Address Vendor Risk

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Strategic Partnership to Connect Healthcare Vendor Compliance and Contracting

Nashville, Tenn., Oct. 14, 2024 /PRNewswire/ — ProviderTrust, a leading healthcare data and technology company, announces a strategic partnership and alignment with Ntracts, a leading contract lifecycle management software for healthcare organizations. This partnership will improve compliance data hygiene and give healthcare organizations clear visibility into their vendors’ payment eligibility at contracting and throughout contract execution. Together, ProviderTrust and Ntracts will prioritize holding vendors accountable for healthcare compliance and the regulatory standards imposed on government lines of business.

“We are thrilled to partner with Ntracts to enable connectivity between vendor compliance and contract management.”

“We are thrilled to partner with Ntracts to enable better connectivity between vendor compliance and contract management,” said Christopher Redhage, co-founder and managing partner at ProviderTrust. “These services are complimentary in the most effective way, enabling healthcare organizations to vet vendors throughout the contracting process and beyond, ensuring that vendors and their owners are not excluded at any time during their business relationship. This vendor strategy provides vital insights for risk-based decisions throughout the lifecycle of the vendor relationship, ensuring there are no surprises.”

The HHS Office of Inspector General (HHS-OIG) mandates that healthcare organizations refrain from doing business with “excluded or sanctioned” individuals or entities, which includes vendor networks of key suppliers such as durable medical equipment, contract employees, software and technology, janitorial services, etc. that are needed to effectively perform healthcare services. According to the OIG, if a healthcare provider contracts with a person or entity that is excluded by the OIG, “the provider may be subject to [Civil Monetary Penalties] liability if the excluded person provides services payable, directly or indirectly, by a Federal healthcare program.”

Since its founding, ProviderTrust has uniquely led the way in providing innovative solutions that uphold data integrity for ongoing exclusion monitoring of vendors, employees, and providers, continuously monitoring 10,000,000+ people and entities, specifically 3,600,000+ vendors, for compliance. ProviderTrust’s Comprehensive Vendor Compliance solution activates best practices in annual vendor data collection and ongoing exclusion monitoring of vendor populations, ensuring payment eligibility, vendor onboarding, and approval workflows, custom questionnaires and attestations, and identification of vendor ownership structure.

Ntracts’ contract lifecycle management (CLM) solution empowers healthcare organizations to mitigate risk, maintain compliance, and increase contracting efficiencies.  According to the American Hospital Association, the average-sized community hospital spends $7.6 million annually on administrative activities related to regulatory compliance and even more in fines if they experience a violation. In a heightened regulatory environment, healthcare organizations are prioritizing increased efficiency and risk mitigation, while continuing to drive down costs. Typical savings identified from contract consolidation amounts to an average of 10 percent of the total contract value.

The ProviderTrust and Ntracts partnership recognizes complimentary services so clients can gain a more complete view of their vendor relationships. This includes ensuring that financial arrangements are effectively contracted and timely compliance checks are completed ahead of vendor payment.

“This partnership with ProviderTrust exemplifies our commitment to our mission of delivering premier technology, services, and expertise through CLM by uniting their industry-leading vendor compliance monitoring with our robust contract lifecycle management platform,” said David Paschall, CEO of Ntracts. “Together, we are setting a new standard for how healthcare organizations should prioritize additional measures to efficiently and seamlessly obtain a comprehensive view of active, external parties and their associated contracts, furthering their adherence to industry regulations.” 

About ProviderTrust
ProviderTrust was founded in 2010 with a mission to create safer healthcare for everyone through OIG and state Medicaid exclusion monitoring. Today, the organization has developed the industry’s most accurate dataset for ongoing exclusion monitoring and primary source verification, serving the nation’s top health systems, payers, and pharmacy organizations. Our solutions monitor employees, vendors, provider networks, licenses, credentials, and more for OIG and state Medicaid exclusions, sanctions or disciplinary actions, license expirations, or suspensions. With a team of 100+ employees, our Nashville-based company has consistently been recognized as one of the Best Places to Work by Modern Healthcare, Inc. Magazine, and The Tennessean Top Workplaces, and the Nashville Business Journal.

To learn more, visit providertrust.com.

About Ntracts
Ntracts is the leading contract lifecycle management solution for healthcare organizations across the country. Driven by the expertise of dedicated contract compliance professionals, Ntracts optimizes the contract management process by identifying inefficiencies and mitigating compliance and financial risks, leading to enhanced operations in support of strategic initiatives.

Ntracts is committed to serving our customers’ compliance needs by continually incorporating built-in best practices that stay ahead of the ever-changing regulatory and technological landscape Ntracts accelerates the contracting process by facilitating contract origination, automatically routing contract requests, and notifying responsible parties of critical performance milestones and expiration dates. Ntracts also provides advanced, user-friendly reporting tools for compliance, auditing, and tracking needs. 

Driven by the expertise of dedicated contract compliance professionals and powered by the nation’s largest healthcare law firm, Hall Render, Ntracts has provided best-in-class, healthcare-focused contract lifecycle solutions to hospitals and healthcare systems for over 30 years.

Learn more at ntracts.com.

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SOURCE ProviderTrust Inc

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Travelport Releases Second Annual State of Modern Retailing Report: ‘Travel’s Tipping Point’

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New proprietary research from Travelport, combined with cross-industry insights, highlights key trends that will transform the travel industry in 2025

LANGLEY, United Kingdom, Jan. 15, 2025 /PRNewswire/ — Travelport, a global technology company that powers travel bookings for hundreds of thousands of travel agencies and suppliers worldwide, today unveiled its 2025 State of Modern Retailing Report. This report, combining new proprietary research and cross-industry insights, outlines critical trends reshaping the travel industry in 2025, including heightened demand for transparency, the emergence of new subscription models, and AI-driven advancements in the travel retail experience.

“Consumers are clear about what they want from the travel industry: simplicity, transparency, and trust,” said Jen Catto, Chief Marketing and Product Officer at Travelport. “Our latest research shows that travel has reached a tipping point. Modern retailers who embrace radical transparency, adopt AI responsibly, and deliver streamlined experiences will thrive in this evolving landscape.”

Five Key Trends to Watch in 2025:

Consumer-washing ends; Radical transparency begins
Travel companies face growing criticism for “consumer washing,” a practice where businesses advertise deceptively low prices, hiding fees or conditions until checkout. Nearly half (44%) of surveyed consumers ranked airlines, hotels, and travel companies as major offenders, second only to credit card companies (45%).

Modern retailing requires honesty at every stage of the customer journey. Brands that eliminate hidden fees and agencies that present clear, comparable options across suppliers will earn customer loyalty. Radical transparency is not just a necessity—it’s a competitive advantage.

Disruptors Delivering Simplicity Will Outpace the Laggards
Fintech disruptors have reshaped banking, with 47% of consumers agreeing they’ve made personal finances easier to manage. However, the travel industry lags behind. Over half of consumers (56%) report that airline offers have become more confusing over the past decade.

To match fintech’s success, travel brands must embrace agile, API-led technology that enables seamless integration of new content, data, and features. Those who simplify the shopping experience will stand out in a crowded market.

Distribution Partnerships Drive Consumer Growth
The overwhelming number of content options across industries has led to choice overload. In streaming services, for example, 56% of consumers feel overwhelmed by the amount of content available on traditional and streaming channels, and 75% would prefer one bundled subscription.

Travel is no different. Forward-thinking companies are forming unconventional partnerships to meet consumers where they shop. For example, low-cost carriers (LCCs) are opening up their content to travel retailers, recognizing that a multi-channel approach simplifies the consumer experience while driving loyalty.

Travel Subscriptions Gain Traction
Travelers are increasingly turning to subscriptions. Online travel agencies (OTAs) like eDreams ODIGEO have demonstrated the potential of this approach, boasting more than 6.5 million Prime subscribers. Its subscription model is currently the company’s largest contributor of revenues and margins.

1 in 3 consumers (35%) surveyed said that they would consider a travel subscription in 2025, highlighting that this business model is primed for growth. Benefits such as convenience, cost savings, and exclusive perks make subscriptions a compelling alternative to traditional loyalty programs.

AI Raises the Bar for Travel Retailing
AI adoption is accelerating, with 58% of people using AI in their personal or professional lives. Travel ranks in top three industries for AI trust, with 42% of consumers trusting travel brands to use AI responsibly. In fact, 80% of frequent travelers already feel comfortable using AI for trip planning.

AI-driven tools will revolutionize travel retailing in 2025, from predicting travel behavior to curating personalized offers. For agencies, AI will simplify managing multi-source content and enable more effective customer service and upselling.

To read the full report or to learn more about Travelport, please visit Travelport.com/Trends-2025.

About Travelport
Travelport is a global technology company that powers bookings for hundreds of thousands of travel suppliers worldwide. Buyers and sellers of travel are connected by the company’s next generation marketplace, Travelport+, which simplifies how brands connect, upgrades how travel is sold, and enables modern digital retailing. Headquartered in the United Kingdom and operating in more than 165 countries around the world, Travelport is focused on driving innovation that simplifies the complex travel ecosystem.

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View original content:https://www.prnewswire.co.uk/news-releases/travelport-releases-second-annual-state-of-modern-retailing-report-travels-tipping-point-302351283.html

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HONGQI Showcases Flagship Electric Vehicles at the Brussels Motor Show 2025

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BRUSSELS, Jan. 15, 2025 /PRNewswire/ — HONGQI, the benchmark of China’s luxury automotive industry, proudly unveils its flagship electric vehicle lineup at the Brussels Motor Show 2025, held from January 10 to 19 at the Brussels Expo. The event gathers leading automotive brands from around the globe, offering a platform to showcase cutting-edge technologies and sustainable innovation. HONGQI’s E-HS9, EH7, and EHS7 take centre stage, highlighting the brand’s excellence in design, performance, and forward-looking technology.

The E-HS9, a full-size smart electric SUV, embodies spaciousness and refinement. Its dual-motor all-wheel-drive system and high-performance battery deliver exceptional power and stability. The cabin, designed with premium materials, ensures both comfort and elegance, making it a perfect choice for executives and families alike.

The EH7 is designed to meet the expectations of discerning customers in the premium upper mid-sized electric sedan. With a WLTP range of 655 km, it excels in delivering long-distance comfort. Its powerful drivetrain, producing 455 kW and 756 Nm of torque, enables acceleration from 0 to 100 km/h in just 3.5 seconds, offering an exhilarating driving experience while maintaining efficiency. For those who value a combination of high performance and extended range, the EH7 is an irresistible choice.

The EHS7 is a premium upper mid-sized electric SUV that offers powerful driving performance and smooth handling. Its advanced braking system achieves a stopping distance of just 36 meters from 100 km/h, ensuring precise control and safety. As the only vehicle in its class equipped with rear-wheel steering, the EHS7 delivers exceptional agility and handling. Equipped with IPX8 waterproof battery safety features, it guarantees stable performance across various environments. With ultra-fast charging capabilities and outstanding manoeuvrability, the EHS7 is the ideal choice for drivers who prioritise practicality and superior driving dynamics.

In 2024, HONGQI captivated audiences with appearances at the Goodwood Festival of Speed, Automechanika Frankfurt, and the Paris Motor Show. Each event highlighted the unique features of the E-HS9, EH7, and EHS7, demonstrating HONGQI’s global commitment to luxury EV innovation.

The HONGQI booth at the Brussels Motor Show 2025 offers visitors a unique opportunity to experience the flagship models E-HS9, EH7, and EHS7 up close. Attendees can explore these models firsthand, discovering HONGQI’s dedication to luxury design, new energy innovation, and cutting-edge technology. The exhibit highlights the HONGQI’s continuous efforts to advance electric mobility and enhance premium driving experiences on a global scale.

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View original content:https://www.prnewswire.co.uk/news-releases/hongqi-showcases-flagship-electric-vehicles-at-the-brussels-motor-show-2025-302351621.html

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Start the New Year Right: Corra Group Highlights the Importance of Background Checks as Businesses Start the New Year Strong

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Background Checks Are Essential for Organizations Seeking to Build Trusted Teams and Create Safe Work Environments.

EL SEGUNDO, Calif., Jan. 15, 2025 /PRNewswire/ — The start of the new year is peak season for hiring, and businesses are gearing up to tackle early-year demands for a thriving 2025. Corra Group, a nationwide provider of background checks and drug testing, highlights the critical role of background screening at the start of the new year.

“January and February are typically active months for hiring, as companies bring on new employees to drive business growth and address early-year needs,” said Nick Gustavson, Corra Group Cofounder. “Background checks not only protect a company’s reputation and provide a safe work environment, but also foster a culture of safety, compliance, and reliability for teams and customers.”

According to the U.S. Bureau of Labor, the U.S. economy added over 350,000 jobs last January, significantly surpassing forecasts. Failing to perform comprehensive background checks can lead to increased risk and turnover, costing companies time and resources. Corra Group’s streamlined background check services help companies hire with confidence, starting the year with safe, dependable, and qualified teams.

Background checks are especially important for New Year hiring, particularly after the holiday season. It is easy to move too quickly as the new year ramps up, and the post-holiday season is a great opportunity for employers to utilize background checks to reduce turnover costs, transition temporary holiday hires into permanent roles, and stay safe while expanding.

“January also typically brings the launch of hiring initiatives, restructuring, and expansion,” adds Gustavson. “This results in increased hiring and a need for integrity, professionalism, culture fit, and alignment with company values in new or expanded roles.”

2025 is also seeing many companies implementing stricter full-time Return To Office (RTO) mandates, a trend already underway at major organizations like Amazon, JPMorgan, Disney, Google, Boeing, and Apple. With employees transitioning from remote work to working full-time side by side in physical office spaces, businesses need to prioritize safety, trust, and a secure work environment. Corra Group offers a number of background check services including Criminal Checks, Nationwide Registered Sex Offender Search, Drug Testing & Alcohol ScreeningMotor Vehicle Records, Employment Verification and Social Media Background Screening.

“We hope everyone starts the new year right,” said Gustavson. “Stay safe and compliant, and we wish everyone a Happy New Year!”

About Corra Group:

Corra Group is a full-service background screening company that provides background checks and employment screening to clients throughout the United States and around the world. With over 20 years of experience, Corra Group’s goal is to help clients make informed decisions and provide a first-class candidate experience during the hiring process. It is also one of the few companies that will answer the phone. Corra Group is headquartered in El Segundo, California. To learn more, visit CorraGroup.com

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SOURCE Corra Group

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