PRODUCT
MEDDICC
Industry Potpourri
Inovalon Knowlage
Revenue Cycle Basics
100

This product has been used for over 25 years for direct access to the FISS data base 

What is DDE 

100

This is the what the M stands for in MEDDICC 

What is Metrics

100

The amount a patient must pay out of pocket before insurance covers costs.

What is a deductible?

100

Inovalon's flagship platform used to connect data, insights, and workflows across payers and providers.

What is the Inovalon ONE® Platform?

100

This is the first step in the revenue cycle, where patient data is collected.  

What is patient registration?

200

This product is part of front end eligibility, and has the shortest abriviated product name within all of Inovalon

What is Insurance Discovery or "ID"

200

This is what the E stands for in MEDDICC

What is the Economic Buyer

200

This term refers to patient accounts that are no longer expected to be paid.

What is bad debt?

200

Inovalon’s partnership with this major cloud provider powers its analytics platform.

What is Amazon Web Services (AWS)?

200

This document outlines a patient’s financial responsibility for services.

What is the explanation of benefits (EOB)?

300

UKG and HealthStream are competitors of Inovalon for this Product segment.

What is Workforce Managment?

300

This is what the I stands for in MEDDICC

What is Identify Pain

300

Federal law that protects patient health information.

What is HIPAA?

300

Inovalon is working on automating this process, which is act of getting Patient Access & Pre-Services approval from the payer.

What is prior authorization?

300

This is the process of appealing a denied claim from an insurance company.

What is claims reconsideration or denial management?

400

This service has a the ability to provide enhanced or enriched data points within standard results.

What is Eligibility Verification PRO

400

This is what both the D's stands for in MEDDICC

What are Decision Criteria & Decision Process 

400

The number of days it takes to collect payments after a service is rendered.

What is Days in Accounts Receivable? (A/R days)

400

Inovalon analyzes this type of data to support improved health outcomes and cost efficiency.

What is clinical and claims data?


400

This form is used to bill Medicare for outpatient services.

What is the CMS-1500 form?

500

These are the names or the outside vendors for PPM & PSM for Inovalon 

Who are GPI and DMA?

(Global payments integrated & Data Media Associates) 

500

This is what both the C's stands for in MEDDICC

What are Champion and Competition 

500

A payer’s explanation for denying part or all of a claim.

What is a denial reason code?

500

Inovalon’s solutions support compliance with this national healthcare coding standard.

What is ICD-10?

500

These codes describe the diagnoses and procedures for billing.

What are ICD and CPT codes?