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Inovalon and MEDITECH Team Up to Enhance Efficiency in Healthcare Revenue Cycle

Saturday, June 29, 2024

Inovalon, a prominent provider of cloud-based healthcare software solutions, has recently partnered with the MEDITECH Alliance.

This collaboration aims to offer Inovalon's comprehensive revenue cycle management (RCM) solutions to MEDITECH's extensive network of provider organizations.

The goal is to streamline claim and patient billing processes, thereby reducing administrative errors and improving reimbursement efficiency.

Through this partnership, MEDITECH's customers gain access to Inovalon’s Claims Management Pro and Eligibility Workflow solutions.

These tools are designed to enhance the efficiency of revenue cycle processing, minimize claim denials, and improve overall financial operations for healthcare providers.

By integrating seamlessly with MEDITECH's electronic health record (EHR) system, Inovalon aims to optimize revenue flow, increase reimbursement accuracy, and ultimately improve clinical and patient outcomes.

The importance of delivering integrated RCM capabilities that provide proactive insights to healthcare providers. Inovalon’s solutions leverage advanced analytics and extensive healthcare datasets to drive transformation in healthcare delivery.

The Claims Management Pro solution boasts a high first pass acceptance rate for patient claims, while the Eligibility Workflow expedites all-payer eligibility verifications.

The strategic significance of integrating Inovalon’s solutions within the MEDITECH Alliance. Emphasized that these tools will help provider organizations reduce inefficiencies, optimize revenue cycles, and effectively manage healthcare spending.

 

 

 

 

Source: globenewswire.com

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