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Ratings and Reviews 0 Ratings
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What is Inovalon Insurance Discovery?
Insurance Discovery improves financial results by identifying previously overlooked billable coverage that healthcare providers might not know about, which reduces both underpayments and uncompensated care. Utilizing sophisticated search capabilities, this tool can uncover situations where patients have multiple active insurance payers, thereby enhancing the potential for better reimbursement. Moreover, it aids in avoiding reimbursement delays and speeds up revenue collection by ensuring that claims are accurately directed to the correct payers on the first submission, attributed to more precise coverage information. When combined with verified demographic data, Insurance Discovery offers dependable insights into coverage and eligibility. This innovative method replaces conventional manual insurance discovery processes with a rapid and exhaustive search that accesses numerous databases within seconds, providing comprehensive and precise coverage details. Additionally, it improves the overall experience for patients and residents by allowing for accurate assessments of out-of-pocket costs, leading to a more positive financial journey. By simplifying these procedures, healthcare providers can devote more attention to patient care rather than getting bogged down by administrative duties, ultimately enriching the quality of service delivered.
What is HexIQ?
HexIQ software provides users with rapid and easy access to negotiated rate data, allowing them to search, download, and analyze complex healthcare reimbursement rates linked to specific codes, payers, providers (NPI), or tax identification numbers (TIN), thus promoting transparency in coverage criteria for improved business decisions and negotiation strategies. Each month, the software processes a vast array of machine-readable files (MRFs) from different payers, thoroughly cleaning and enhancing the data by adding relevant provider names, addresses, and network affiliations, and continuously updating it to enable users to compare their negotiated rates with those of peers in the same specialty and geographical location without relying on cumbersome Excel spreadsheets. With advanced search functionalities, users can filter results based on various criteria such as code, specialty, state, place of service, payer, NPI, or TIN, while also having the ability to export their findings in CSV format for more detailed analysis. Additionally, integrated analytics and visualization tools offer insights into rate distributions, average and mode rates, and contracted provider networks, enabling users to better comprehend market trends. This all-encompassing method not only simplifies the data retrieval process but also equips healthcare professionals with the information they need to make well-informed strategic choices based on trustworthy data. By harnessing the power of HexIQ, stakeholders can navigate the complexities of healthcare reimbursement with greater confidence and clarity.
Integrations Supported
Google Sheets
Inovalon Provider Cloud
Microsoft Excel
Microsoft Power BI
Tableau
Integrations Supported
Google Sheets
Inovalon Provider Cloud
Microsoft Excel
Microsoft Power BI
Tableau
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
$25 per month per code
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
Inovalon
Date Founded
1998
Company Location
United States
Company Website
www.inovalon.com/products/provider-cloud/patient-access/insurance-coverage-discovery/
Company Facts
Organization Name
HexIQ
Date Founded
2022
Company Location
United States
Company Website
www.hexiq.com/platform
