Innovaccer Introduces Risk Adjustment Solution for Improved Coding Accuracy

Innovaccer Introduces Risk Adjustment Solution for Improved Coding Accuracy

Innovaccer's solution is designed to address end-to-end risk adjustment requirements by enabling providers to utilize actionable insights on dropped codes and suspected codes across several risk models.

FREMONT, CA: Innovaccer, a leading healthcare technology company, has introduced its Risk Adjustment Solution. Utilizing Innovaccer's industry-leading, FHIR-enabled Data Activation Platform, providers can better segment their population to improve coding accuracy and efficiency and refine the risk scoring process, thus enhancing performance on risk-based contracts. The solution uses Natural Language Processing (NLP) and Artificial Intelligence (AI) to make risk predictions. Innovaccer works to help all members of the health team care as one by improving care management workflows.

Innovaccer's solution is designed to address end-to-end risk adjustment requirements by enabling providers to utilize actionable insights on dropped codes and suspected codes across several risk models. The solution works with the Department of Health and Human Services hierarchical condition categories (HHS-HCC), Centers of Medicare & Medicaid hierarchical condition categories (CMS-HCC), as well as the Chronic Illness and Disability Payment System (CDPS), helping providers improve coding accuracy.

Providers can find out codes that can be integrated into the EHR, utilizing simple steps through advanced risk adjustment analytics. Innovaccer's platform can also segment the patient population on the basis of risk scores available through historical data and provide dashboards to identify details associated with Risk Adjustment Factor (RAF) and risk capture trends. Offering curated insights to risk coders prevents them from having to switch between multiple screens, reducing the time spent on coding processes.

"Innovaccer's Risk Adjustment Solution caters to all risk management needs through one seamless platform. It is AI and NLP ready, and by leveraging the platform's smarter workflows and actionable insights, providers can decrease time spent on risk-related coding by up to 40 percent. The solution helps providers to refine the risk scoring process and improve coding accuracy and efficiency for improved performance on risk-based contracts," says Abhinav Shashank, CEO at Innovaccer.