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What is CoverMyMeds?

We are committed to advancing innovative solutions that address the diverse needs of all stakeholders in healthcare, with the goal of improving the efficiency of therapy delivery, reducing rates of prescription abandonment, and achieving better health outcomes for patients. Our focus is on breaking down barriers to healthcare access, which includes resolving prior authorization challenges and raising awareness about available support services. As healthcare expenses continue to soar, it is crucial to help patients manage the costs of their prescribed therapies, particularly in light of high-deductible health plans, increasing copays, and insufficient transparency. For numerous patients, maintaining adherence to their treatment regimens poses the greatest challenge within their healthcare journey, whether it is about comprehending how to take medications correctly or simply remembering to do so consistently. Therefore, addressing these adherence hurdles with solutions that prioritize individual needs is essential to ensure that patients receive the necessary guidance to successfully navigate their treatment paths. By implementing patient-focused strategies, we have the potential to foster a more inclusive and nurturing healthcare atmosphere for all parties involved, ultimately leading to improved overall health. This holistic approach not only benefits patients but also strengthens the entire healthcare system, promoting a culture of support and understanding.

What is ABN Assistant?

Denials of medical necessity pose a substantial financial strain on healthcare providers, leading to potential losses that can soar into the millions each year due to write-offs, coupled with the costly labor required to investigate and challenge these denials while also managing patient inquiries. On the other hand, payers encounter similar difficulties within the claims management framework, facing costs associated with unnecessary medical treatments and the resources allocated to address denial appeals, none of which enhance patient outcomes. Moreover, patients endure high copays and out-of-pocket costs, alongside a stressful healthcare journey filled with unjustified charges and services. In response to these challenges, the ABN Assistant™ from Vālenz® Assurance provides providers with vital tools for prior authorization that confirm medical necessity, create Medicare-compliant Advanced Beneficiary Notices (ABNs) with estimated costs, and effectively mitigate over 90 percent of medical necessity denials by validating necessity prior to patient care. By implementing this innovative system, healthcare providers not only bolster their financial stability but also elevate patient satisfaction and streamline the efficiency of care. Thus, the comprehensive approach offered by Vālenz® has the potential to reshape the landscape of healthcare delivery by minimizing unnecessary costs for all parties involved.

Media

Media

Integrations Supported

DigitalRX
EasyID
FrameworkLTC
Intelligent Pharmacy Software
Juno EHR
Winpharm

Integrations Supported

DigitalRX
EasyID
FrameworkLTC
Intelligent Pharmacy Software
Juno EHR
Winpharm

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$1039.00/one-time/user
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

McKesson

Date Founded

1833

Company Location

United States

Company Website

www.covermymeds.com

Company Facts

Organization Name

Vālenz

Date Founded

2004

Company Location

United States

Company Website

www.valenzhealth.com/valenz-assurance/abn-assistant/

Categories and Features

Pharmacy

Automatic Refills
Barcode Generation
Claims Management
Compounding
E-Prescribing
Electronic Signature
Forms Management
Insurance Processing
Inventory Management
Multi-Store Management
Online Refills
Pill Database
Pill Imaging
Point of Sale (POS)
Prescription Processing
Rx Image Scanning
Signature Capture

Categories and Features

Medical Billing

Claims Processing
Claims Scrubbing
Code & Charge Entry
Compliance Tracking
Customizable Dashboard
Dunning Management
Invoice History
Patient Eligibility Checks
Practice Management
Quotes/Estimates
Remittance Advice

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