Inovalon and Homecare Homebase Announce Multi-Year Exclusive Agreement
22 Junio 2021 - 6:55AM
Inovalon (Nasdaq: INOV), a leading provider of cloud-based
platforms empowering data-driven healthcare, and Homecare
HomebaseSM, LLC (HCHB), the leading agency management and EMR
software platform for the home health and hospice industry, today
announced that HCHB would exclusively offer the EASE® All-Payer
application to their customers, representing more than 25% of the
nation’s home health providers, to deliver greater administrative
efficiencies and increased accuracy of payment processes.
Maintaining the highest of standards required to
effectively manage data submissions and processes pertaining to
delivery of clinical care, associated claims, payments and
receivables from commercial payers and Medicare is extremely
complex for providers. Using multiple platforms to manage the
multifaceted workflow – the industry norm – is both time- and
labor-intensive and can result in unnecessary staff work, patient
data errors and lost revenue.
Available as a Module within the Inovalon ONE®
Platform and leveraging data-driven routing and a sophisticated
analytics engine, EASE® All-Payer is the industry’s first
fully-integrated, cloud-based workflow engine that combines broad
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.
“Our mission is to help guide the most
important care moments by delivering vital information into the
hands of everyone who touches a person’s health journey. The
integrated EASE® All-Payer platform is a natural fit,” said Scott
Pattillo, chief strategy officer at Homecare Homebase. “With a
proven track record of success in working with Inovalon’s provider
business for years, the expansion of our relationship with this
industry leader was a natural progression in deploying a superior
data-driven approach to empower our ability to more effectively
serve the needs of our customers nationwide.”
Statistics show that providers using Inovalon’s
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 also helps users gain operational
insights and identify denial trends with advanced analytics and
reporting. Within the application’s existing workflows, providers
can receive and correct claims from Medicare and commercial payers,
as well as receive and submit clinical documentation requests
electronically directly from Medicare.
“As the clear market leader in the home health
and hospice software market, we are proud to enter into an
exclusive partnership with Homecare Homebase,” said Bud Meadows,
president and general manager of Inovalon’s provider business.
“They share our commitment to data-driven healthcare and we are
honored that they have selected to offer the integrated EASE®
All-Payer platform to help their customers manage their
administrative processes in the most effective and efficient
manner.”
About Homecare Homebase, LLC
Homecare Homebase is a Dallas-based software
leader offering hosted, cloud-based solutions to streamline
operations, simplify compliance and boost clinical and financial
outcomes for home-based care agencies. Our customized mobile
solutions enable real-time, wireless data exchange and
communication between field clinicians, physicians and office staff
for better care, more accurate reporting and improved revenue cycle
management. Founded by industry veterans in 1999, the company is
now part of the Hearst Health network. For more information visit
https://hchb.com/ or call us toll-free at 1- 866-535-HCHB
(4242).
About Hearst Health
The mission of Hearst Health is to help guide
the most important care moments by delivering vital information
into the hands of everyone who touches a person’s health journey.
Each year in the U.S., care guidance from Hearst Health reaches 85
percent of discharged patients, 205 million insured individuals,
103 million home health visits and 3.2 billion dispensed
prescriptions. The Hearst Health network includes FDB (First
Databank), Zynx Health, MCG, Homecare Homebase and MHK (formerly
MedHOK). Hearst also holds a minority interest in the precision
medicine and oncology analytics company M2Gen. Follow Hearst Health
on Twitter @HearstHealth and LinkedIn @Hearst-Health.
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 customers 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 customers, including all 25
of the top 25 U.S. health plans, all 25 of the top 25 global pharma
companies, 24 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, 580,000 clinical facilities, 336
million Americans, and 62 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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