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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

Insurance Discovery enhances financial outcomes by uncovering previously unrecognized billable coverage that providers may not be aware of, thereby minimizing underpayments and uncompensated care. By employing advanced search functionalities, this solution reveals instances where patients possess multiple active payers, which can significantly improve reimbursement prospects. Additionally, it helps to prevent delays in reimbursement and accelerates revenue collection by ensuring that claims are submitted to the correct payers on the first attempt, thanks to more precise coverage details. When utilized with verified demographic information, Insurance Discovery provides reliable coverage and eligibility insights. This modern approach replaces outdated manual methods of insurance discovery with a swift and thorough search that queries numerous databases in mere seconds, yielding detailed and accurate coverage information. Furthermore, it enhances the overall experience for patients and residents by facilitating accurate estimates of out-of-pocket expenses, ultimately contributing to a more favorable financial journey for them. By streamlining these processes, providers can focus more on patient care rather than administrative tasks.

Description

VerifyTreatment, previously known as VerifyTX, serves as a specialized platform for healthcare insurance verification and revenue cycle management, designed initially for behavioral health and now broadening its scope across the healthcare industry. Providers can swiftly obtain comprehensive benefits information from over 1,800 payers at any time throughout the year, including essential behavioral health carve-outs that typical generic tools often overlook, enabling admissions teams to resolve coverage inquiries during the first interaction rather than requiring follow-up calls. This innovative platform safeguards revenue throughout the patient's experience, featuring Auto-VOB, which monitors the current patient census and identifies any gaps in coverage. Coverage Discovery is another key functionality that uncovers active insurance details even when only partial information is available, while Claim Status and Claims Acknowledgment provide billing departments with immediate insights without needing to log into various portals. Every subscription includes user-friendly web forms, a mobile application, an open API, and Salesforce integration, all while adhering to HIPAA regulations and offering secure team communication. With over 4,000 facilities utilizing VerifyTreatment and having conducted more than 10 million verifications since its inception in 2016, the platform operates on a month-to-month basis, ensuring flexibility without long-term contracts. This robust solution not only streamlines the verification process but also enhances the overall efficiency of healthcare operations.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

No images available

Integrations

Inovalon Provider Cloud Yes 

Integrations

Inovalon Provider Cloud No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$299
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App Yes 
iPad App No 
Android App Yes 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

Inovalon

Founded

1998

Country

United States

Website

www.inovalon.com/products/provider-cloud/patient-access/insurance-coverage-discovery/

Vendor Details

Company Name

VerifyTreatment

Founded

2016

Country

United States

Website

www.verifytx.com

Product Features

Revenue Cycle Management

Accounts Receivable No 
Claims Management No 
Collections Management No 
EHR/EMR Integration No 
For Healthcare No 
ICD-10 Compliance No 
Insurance Verification No 
Medical Billing No 
Patient Portal No 
Patient Registration No 
Patient Scheduling No 
Payment Processing No 

Alternatives

Alternatives

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