Inovalon, a prominent provider of cloud-based software solutions in the healthcare sector, has introduced Converged Submissions, a new cloud-based Software as a Service (SaaS) solution aimed at simplifying and enhancing encounter data submissions to support risk adjustment programs. This innovative solution, part of Inovalon's Converged Risk Solution Suite, offers health plans a comprehensive platform for analyzing encounter data, determining risk adjustment eligibility, and facilitating accurate submissions to regulatory bodies such as the Centers for Medicare & Medicaid Services (CMS).
Converged Submissions leverages advanced analytics powered by Inovalon's MORE² Registry to proactively validate data, correct errors, and prioritize submission efforts, ultimately leading to higher first-pass acceptance rates and improved financial performance for health plans. Additionally, the solution's cloud-based architecture ensures scalability, reliability, and on-demand usability, enabling health plans of all sizes to efficiently manage data submissions while adhering to evolving CMS regulations. With its interoperability with the Inovalon ONE Platform and the complete Converged Solution Suite, Converged Submissions offers health plans a seamless integration of quality initiatives, value-based care agreements, and member engagement strategies, driving better outcomes across the healthcare ecosystem.
