Inovalon launches ai-powered Converged Record Review to improve risk score accuracy for health plans.

Annual client-rated survey recognizes Inovalon as top vendor for RCM Intelligence & Analytics Solutions in 2024.

What You Should Know:– Inovalon, an innovator in cloud-based healthcare data solutions, announced a strategic partnership with the MEDITECH Alliance.– The strategic collaboration empowers thousands of healthcare providers using MEDITECH’s electronic health record (EHR) systems to leverage Inovalon’s end-to-end revenue cycle management (RCM) solutions.Optimizing Reimbursement and Reducing ErrorsThe partnership tackles a significant challenge in healthcare: inefficient claims processing leading to delayed reimbursements and lost revenue for providers. Inovalon’s solutions address this issue by:Improved Efficiency and Accuracy: Inovalon’s Claims Management Pro and Eligibility Workflow solutions streamline the revenue cycle process, minimizing errors and ensuring claims are submitted accurately. This translates to: Reduced denials Faster reimbursements Improved cash flow for healthcare providersInovalon’s Claims Management Pro and Eligibility Workflow solutions streamline the revenue cycle process, minimizing errors and ensuring claims are submitted accurately. This translates to: Leveraging Powerful Data and Analytics: Inovalon’s RCM solutions are built upon the Inovalon ONE® Platform. This platform utilizes the industry’s largest collection of de-identified healthcare data, combined with advanced analytics, to provide valuable insights that optimize RCM processes.Benefits for MEDITECH CustomersMEDITECH’s extensive network of healthcare provider customers will gain significant advantages through this partnership:Reduced Costs: Improved claims accuracy and faster reimbursements lead to reduced administrative costs associated with denied claims and follow-up efforts.Improved claims accuracy and faster reimbursements lead to reduced administrative costs associated with denied claims and follow-up efforts. Enhanced Patient Satisfaction: Faster claim processing translates to quicker payment for patients, improving the overall patient experience.Faster claim processing translates to quicker payment for patients, improving the overall patient experience