System and method for using a first electronic representation of contract terms for generating a second electronic representation of the contract terms

A method for electronically representing varying terms from insurer payment contracts across multiple software applications comprising:

• electronically representing a first insurer contract between the insurer and a first service provider in a contract modeling application in a first electronic format, wherein the insurer contract contains multiple first terms;
• receiving at the insurer, a first claim for services and first request for payment from the first service provider;
• responsive to the first claim and request, importing at least first payment terms of the multiple first terms of the first insurer contract from the contract modeling application to a claim adjudication application, wherein the importing includes translating by a first adapter, the first payment terms of the multiple first terms from the first electronic format to a second electronic format recognizable by the claim adjudication application;
• determining by the claim adjudication application a first amount to be paid to the first service provider responsive to the first claim and request in accordance with the imported first payment terms in the second electronic format;
• and
• importing the multiple first terms of the first insurer contract from one of the contract modeling application and the claim adjudication application to a contract management application, wherein the importing includes translating by one of a second adapter and a third adapter, the multiple first terms from one of the first and second electronic formats to a third electronic format recognizable by the contract management application.