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What is VerifyTreatment?

VerifyTreatment, formerly known as VerifyTX, is a dedicated platform for healthcare insurance verification and revenue cycle management that initially focused on behavioral health but is now expanding its reach across the entire healthcare sector. Providers can quickly access detailed benefits information from over 1,800 payers year-round, including critical behavioral health carve-outs that often go unrecognized by standard tools, allowing admissions teams to address coverage questions during the initial interaction instead of requiring subsequent follow-ups. This cutting-edge platform helps secure revenue throughout the patient's journey, featuring Auto-VOB, which keeps track of the current patient census and spots any coverage gaps. Another important feature, Coverage Discovery, reveals active insurance information even with limited data, while Claim Status and Claims Acknowledgment empower billing departments with instant insights, eliminating the need to navigate multiple portals. Every subscription includes intuitive web forms, a mobile application, an open API, and Salesforce integration, all designed to comply with HIPAA regulations while facilitating secure communication among team members. With more than 4,000 facilities leveraging VerifyTreatment and over 10 million verifications performed since its launch in 2016, the platform is available on a month-to-month basis, providing flexibility without the burden of long-term commitments. This powerful solution not only simplifies the verification process, but also significantly boosts the overall productivity of healthcare operations, making it an essential tool for providers looking to enhance their service delivery.

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.

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Integrations Supported

Inovalon Provider Cloud

Integrations Supported

Inovalon Provider Cloud

API Availability

Has API

API Availability

Has API

Pricing Information

$299
Free Version
Free Trial Offered?

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

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

VerifyTreatment

Date Founded

2016

Company Location

United States

Company Website

www.verifytx.com

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/

Categories and Features

Revenue Cycle Management

Accounts Receivable
Claims Management
Collections Management
EHR/EMR Integration
For Healthcare
ICD-10 Compliance
Insurance Verification
Medical Billing
Patient Portal
Patient Registration
Patient Scheduling
Payment Processing

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