Vibra Healthcare and Ernest Health Select Inovalon’s EASE® All-Payer Solution
November 17 2020 - 7:55AM
Inovalon (Nasdaq: INOV), a leading provider of cloud-based
platforms empowering data-driven healthcare, today announced
separate 5-year agreements with two prominent post-acute care
providers, Vibra Healthcare and Ernest Health. Inovalon’s services
will enable greater administrative efficiency and increased
accuracy of payment processes undertaken by Vibra Healthcare’s 34
facilities and Ernest Health’s 30 facilities, which offer inpatient
rehabilitation hospital services, long-term acute care hospital
services and skilled nursing across a combined 19 states.
Healthcare providers must maintain the highest
standards in managing the many data submissions and processing
pertaining to their delivery of clinical care, associated claims,
payments and receivables from commercial payers and Medicare, using
multiple platforms to manage the complex workflow. This is both
time and labor intensive and can result in unnecessary staff work,
patient data errors and lost revenue.
EASE® All-Payer combines a high-efficiency,
cloud-based workflow engine with the industry’s broadest
connectivity and advanced data intelligence to empower providers to
efficiently manage the entire data and revenue cycle process of
clinical encounter data, claims, and receivables accuracy from all
commercial payers and Medicare on one integrated platform. Not only
can providers using EASE® All-Payer achieve a 99% or higher clean
claims rate thanks to client-specific, configurable payer rules and
real-time eligibility integration, the application helps users gain
operational insights and identify denial trends with advanced
analytics and reporting. Within existing workflows in the EASE®
All-Payer application, providers can receive and correct claims
from Medicare and commercial payers, as well as receive and submit
clinical documentation requests electronically directly from
Medicare.
Under these agreements, Vibra Healthcare and
Ernest Health will leverage EASE® All-Payer, a full-service, claims
and denial management workflow software suite of functionalities
that uniquely helps providers manage both commercial payers and
Medicare, available as a Module within the Inovalon ONE® Platform.
Leveraging data-driven routing and a sophisticated analytics engine
powered by the Inovalon ONE® Platform, EASE® All-Payer is the only
solution available within the marketplace today that provides
direct access to the Centers for Medicare & Medicaid Services
(CMS) to monitor, edit and analyze claims using a single
platform.
“Vibra Healthcare’s mission is to provide
patient care with a commitment to clinical service excellence, a
culture that inspires teamwork, and a passionate workforce driven
by a dedication to patient wellness,” said Brad Hollinger, chief
executive officer at Vibra Healthcare. “The implementation of EASE®
All-Payer enables our staff to streamline and accelerate our
administrative processes to enable a greater focus on clinical
quality outcomes for our patients.”
“We are pleased to provide a data-driven
Platform to support innovative providers such as Vibra Healthcare
and Ernest Health to engage with payers and to manage their
administrative processes in the most effective and efficient
manner,” said Bud Meadows, president and general manager of
Inovalon’s provider business. “Their ongoing commitment to a better
patient experience reinforces our mission of helping to simplify
the complexities of healthcare and improving clinical outcomes and
financial performance throughout the healthcare ecosystem.”
About the Inovalon
ONE® Platform
The Inovalon ONE® Platform is an integrated
cloud-based platform of nearly 100 individual proprietary
technology toolsets and deep data assets able to be rapidly
configured to empower the operationalization of large-scale,
data-driven healthcare initiatives. Each proprietary technology
toolset, referred to as a Module, is informed by the data of
billions of medical events within Inovalon’s proprietary datasets.
Combinations of Modules are configured to empower highly
differentiated solutions for client needs quickly and in a highly
scalable fashion. The flexibility of the Platform’s modular design
enables clients to integrate the Platform capabilities with their
own internal capabilities or other third-party solutions. The
Platform brings to the marketplace a highly extensible,
national-scale capability to interconnect with the healthcare
ecosystem on a massive scale, aggregate and analyze data in
petabyte volumes, arrive at sophisticated insights in real time,
and drive meaningful impact wherever it is analytically identified
best to intervene and intuitively visualize data and information to
inform business strategy and execution.
About Inovalon
Inovalon is a leading provider of cloud-based
platforms empowering data-driven healthcare. Through the Inovalon
ONE® Platform, Inovalon brings to the marketplace a national-scale
capability to interconnect with the healthcare ecosystem, aggregate
and analyze data in real time, and empower the application of
resulting insights to drive meaningful impact at the point of care.
Leveraging its Platform, unparalleled proprietary datasets, and
industry-leading subject matter expertise, Inovalon enables better
care, efficiency, and financial performance across the healthcare
ecosystem. From health plans and provider organizations, to
pharmaceutical, medical device, and diagnostics companies,
Inovalon’s unique achievement of value is delivered through the
effective progression of “Turning Data into Insight, and Insight
into Action®.” Supporting thousands of clients, including 24 of the
top 25 U.S. health plans, 22 of the top 25 global pharma companies,
19 of the top 25 U.S. healthcare provider systems, and many of the
leading pharmacy organizations, device manufacturers, and other
healthcare industry constituents, Inovalon’s technology platforms
and analytics are informed by data pertaining to more than one
million physicians, 565,000 clinical facilities, 324 million
Americans, and 58 billion medical events. For more information,
visit www.inovalon.com.
Contact:
Kim E. CollinsSenior Vice President, Corporate
Communications kcollins@inovalon.com301-809-4000 x1473
Hulus AlpayVice President, Investor
Relationshalpay@inovalon.com301-809-4000 x1237
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