Inovalon Expands Revenue Cycle Data Analytics Software to Support All EDI Clearinghouses for Healthcare Providers
BOWIE, Md., April 19, 2023 (GLOBE NEWSWIRE) -- Inovalon , a leading provider of cloud-based software solutions empowering data-driven healthcare, today announced that RCM Intelligence , a revenue cycle management (RCM) solution providing integrated analytics and data visualization capabilities, will now be compatible with all electronic data interchange (EDI) claims clearinghouses, connecting to commercial, Medicare, and Medicaid payers.
- BOWIE, Md., April 19, 2023 (GLOBE NEWSWIRE) -- Inovalon , a leading provider of cloud-based software solutions empowering data-driven healthcare, today announced that RCM Intelligence , a revenue cycle management (RCM) solution providing integrated analytics and data visualization capabilities, will now be compatible with all electronic data interchange (EDI) claims clearinghouses, connecting to commercial, Medicare, and Medicaid payers.
- Leveraging Inovalon’s advanced analytics, RCM Intelligence seamlessly operationalizes raw claims data to deliver real-time insights that improve cash flow, profitability, and productivity for healthcare providers without having to compromise performance based on which EDI clearinghouses they may be using.
- These insights include payer performance trends, claims corrections, cash projections, time-to-file rates, turnaround times, and denial percentages.
- Traditional RCM reporting is labor-intensive, inefficient, and generally manual, increasing the likelihood of errors and denials from health plans.