LONG BEACH, Calif.--(BUSINESS WIRE)--Feb. 26, 2019--
Molina Healthcare, Inc. (NYSE: MOH) today announced the Company is
upgrading its technology to improve its claims payment speed and
accuracy. Throughout 2018, Molina Healthcare has been focused on
modernizing payment integrity capabilities. This includes updating
editing software and deploying advanced analytics to identify irregular
and invalid payments. To further these efforts, Molina has expanded
agreements with Change Healthcare, Cogitativo, Cotiviti, HMS, and Optum,
leveraging each company’s software to evolve the Company’s payment
integrity efforts to support claims payment accuracy.
“By partnering with best-in-class suppliers to improve our payment
integrity operations, Molina will be able to ensure claims are paid
correctly, which has many benefits – from reduced fraud, waste, and
abuse to significant cost savings that the Company will realize
immediately,” said Jim Woys, executive vice president of health plan
services. “Improved payment integrity maximizes the Company’s ability to
manage claims, reimbursement, and recovery analytics tools to ensure
comprehensive accuracy across all transactions.”
In addition to the upgraded technology enabled by these vendor
agreements, Molina is streamlining internal processes to ensure
efficiency across departments while meeting any state-specific
regulations.
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed
healthcare services under the Medicaid and Medicare programs and through
the state insurance marketplaces. Through its locally operated health
plans, Molina Healthcare served approximately 3.8 million members as of
December 31, 2018. For more information about Molina Healthcare, please
visit molinahealthcare.com.
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Source: Molina Healthcare, Inc.
Molina Healthcare:
Ryan Kubota
Investor Relations
562-435-3666
Caroline Zubieta
Public Relations
562-951-1588
