With the expansion of Medicaid programs through the ACA, ensuring the accuracy of eligibility verification is critical for state agencies in evaluating whether applicants have the reserve medicaid assets to support their services. Asset Verification Systems are an integral tool – and required by CMS – to accomplish this. However, many asset verification systems can fall short of the targeted goals, resulting from incomplete and/or inaccurate data sets that fail to meet significant requirements – as well as unreliable or out-of-date records, which can lead to delays, rework, and cost overruns.
Commonwealth Medicine, UMass Chan Medical School goes beyond the “requirement fulfillment” and offers AVS Enhance™—a refined, exhaustive filtering solution for Real Property Asset Verification. Our solution works alongside a state’s current medicaid asset verification systems, complementing existing activities, and providing in-depth analysis that can’t be matched by IT-based data collection. Our customized algorithms and extended disability evaluation delivered in a timely manner can take your Asset Verification further, leading to increased cost containment and integrity of eligibility processes.
The AVS Enhance™ solution includes:
- Individual assessment: Due diligence of the specific needs of your agency.
- Deep records dive: We look beyond commercially available records to identify potential eligibility disqualifications and recoveries.
- Interactive data culling: Custom, highly-specialized data mining algorithms get the best results for your needs.
- Extended analysis: Our specially-trained, highly-focused team includes paralegals, lawyers, title examiners and brokers.
This combination enhances the integrity of eligibility verification processes and leads to the potential of millions in state Medicaid cost savings.