Provider contracting is the backbone of operational efficiency in U.S. health insurance. Yet, despite its strategic importance, the current landscape is burdened by manual workflows, opaque versioning, regulatory complexity, and rising costs. Health plans spend over $20 billion annually on contracting functions-costs that are unsustainable in an era of value-based care.

This white paper outlines the challenges in today’s Contract Lifecycle Management (CLM) practices, highlighting areas where AI can unlock efficiency. It also offers a vision for modernizing the entire provider contracting lifecycle.