SpectraMedix Launches AI-Powered Contract Ingestion and Administration to Streamline the Management of Value-Based Agreements  

A smarter, more agile way to manage and optimize value-based contracts 

East Windsor, NJ—May 29, 2025—SpectraMedix today announced the launch of its AI-powered contract ingestion and administration solution, designed to eliminate the inefficiencies of traditional value-based contract management. By transforming scattered, static agreements into a centralized, structured repository, SpectraMedix enables faster access to terms, dynamic revisions, and more reliable performance tracking across the entire contract portfolio.

Managing value-based contracts is often a fragmented, manual process—slowing down modeling, settlement, and oversight and making it harder to keep contracts in sync as goals shift. SpectraMedix solves this challenge by using large language models (LLMs) to ingest contract documents and extract key terms into a structured, searchable system of record. This data is instantly accessible across the platform—enabling health plans and health systems to refine terms, simulate financial scenarios, and track performance without the administrative burden.

“We’re cutting through the complexity of contract management to bring speed, clarity, and alignment,” said Raj Lakhanpal, MD, CEO of SpectraMedix. “Our platform turns value-based contracts into living assets—automated, agile, and ready to support more timely decisions, easier adjustments, and stronger performance management.”

The platform offers a centralized, filterable catalog of contract terms across markets and lines of business, making it easy for teams to locate, revise, and act on key provisions. Contract term changes can be applied in real time to reflect evolving strategies or performance goals, with those changes flowing directly into the platform’s modeling, settlement, and analytics tools—providing clear visibility into financial impact, performance trends, and contract alignment across the portfolio.

By embedding AI into the contract lifecycle, SpectraMedix reduces administrative overhead and enables health plans to operate with greater efficiency, accuracy, and confidence in their value-based strategies.

About SpectraMedix

SpectraMedix delivers the complete picture of value-based performance to drive operational excellence and accelerate performance improvement for health plans and health systems across the spectrum of value-based contracts. Our comprehensive, end-to-end platform empowers organizations with transparency into financial performance, quality, risk and utilization to help them establish trust with providers, maximize revenue and scale their value-based arrangements. For more information, visit www.spectramedix.com.

 

Contact Information

Nathan Brown 
Director of Marketing 
nathan.brown@spectramedix.com  
(609) 638-2987