Walgreens Brings Big Data Analytics to Healthcare Clinics Through Expanded Relationship with Inovalon
Data-Driven Patient Assessment Tool to Improve Healthcare Outcomes
DEERFIELD, Ill. – January 30, 2014 – Walgreens (NYSE: WAG) (Nasdaq: WAG) is expanding its relationship with Inovalon, Inc., a leading technology company, to implement its patient assessment tool and technology platform to support improvements in care, quality and risk score accuracy programs across more than 400 Healthcare Clinic at select Walgreens locations.
The convergence of Inovalon’s data-driven patient assessment tool, Electronic Patient Assessment Solution Suite (ePASS®), and Healthcare Clinic at select Walgreens creates a unique offering within the health plan and retail clinic industry. With the implementation, Inovalon’s analysis of more than 8.3 billion medical events brings analytic insights to Healthcare Clinic programs.
“By integrating data analytics, we can gain even deeper insights to help improve patient care and, ultimately, outcomes,” said Heather Helle, divisional vice president, Healthcare Clinic. “We continue to expand the scope of services, capabilities and footprint at Healthcare Clinics. These types of innovative solutions enable our nurse practitioners and physician assistants to play an increasingly important role as part of a patient’s care team.”
Healthcare Clinic at select Walgreens improves members’ choice, providing a convenient, community-based access point for member assessments versus the traditional in-home model. The combination of Inovalon’s advanced analytics and Healthcare Clinic’s nurse practitioners and physician assistants, as well as its laboratory and immunization resources, provides a superior solution to health plans, ACOs and integrated care delivery organizations seeking to achieve goals in improving quality outcomes, and risk score accuracy.
“Bringing advanced analytics to the point of care in real time is a powerful benefit for patients being seen in today’s highly complex health care environment,” said Keith Dunleavy, M.D., president and chief executive officer of Inovalon. “We are proud to be working with Walgreens on this industry leading initiative, supporting its commitment to improve health care outcomes for Healthcare Clinic partners and patients nationwide.”
Inovalon’s ePASS system delivers a patient assessment tool with individualized predictive analytics to the point of care, supporting advanced insight and efficient resolution of gaps in quality, care, patient assessment, documentation, and risk score accuracy. The risk score models of Medicare Advantage, Commercial Health Insurance Exchange, and state managed Medicaid are each supported within the ePASS system. Similarly, the industry’s wide array of quality outcomes programs including HEDIS®), CMS Stars, state Medicaid programs, and commercial accreditation requirements of NCQA and URAC are supported within the platform provided at Healthcare Clinic at select Walgreens locations.
As the nation's largest drugstore chain with fiscal 2013 sales of $72 billion, Walgreens (www.walgreens.com) vision is to be the first choice in health and daily living for everyone in America, and beyond. Each day, Walgreens provides more than 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. The company operates 8,200 drugstores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Take Care Health Systems is a Walgreens subsidiary that is the largest and most comprehensive manager of worksite health and wellness centers, provider practices, and in-store convenient care clinics, with more than 750 locations throughout the country.
About Inovalon, Inc
Inovalon is a leading technology company that combines advanced data analytics with highly targeted interventions to achieve meaningful impact in clinical and quality outcomes, utilization, and financial performance across the healthcare landscape. Inovalon’s unique achievement of value is delivered through the effective progression of Turning Data into Insight, and Insight into Action®. Large proprietary datasets, advanced integration technologies, sophisticated predictive analytics, and deep subject matter expertise deliver a seamless, end-to-end platform of technology and nationwide operations that bring the benefits of big data and large-scale analytics to the point of care. Driven by data, Inovalon uniquely identifies gaps in care, quality, data integrity, and financial performance – while also bringing to bear the unique capabilities to resolve them. Touching more than 540,000 physicians, 220,000 clinical facilities, and more than 140 million Americans, this differentiating combination provides a powerful solution suite that drives high-value impact, improving quality and economics for health plans, ACOs, hospitals, physicians, patients, and researchers. For more information visit www.inovalon.com.