The MEDInnovation system, according to the companies, combines loss control technologies such as fraud and abuse with a provider of catastrophic medical coverages and services.
The platform is also designed to provide access to web-based and predictive decision support tools in order to enable third party administrators (TPAs) to improve business intelligence.
The foundation for MEDInnovation is the data and technology platform, said Ed Day, EVP Corporate Development. This is the next generation of risk management solutions that monetizes MEDInnovation payers’ capabilities while leveraging their purchasing power in support of the employer and brokerage community’s objectives to more effectively manage healthcare costs.
