Inovalon and MDLIVE Bring Real-Time Advanced Analytics to Telemedicine Marketplace
On-Demand, Real-Time Patient Insights and Analytics to Drive High-Value Impact for Telemedicine Visits
BOWIE, Md. – September 12, 2016 – Inovalon (NASDAQ: INOV), a leading technology company providing advanced, cloud-based analytics and data-driven intervention platforms to the healthcare industry, today announced a multi-year agreement with MDLIVE, a leading telehealth platform provider, to provide on-demand, real-time patient insights and analytics. The new capability will enable MDLIVE and its clients (health systems, ACOs, health plans and employers) to identify and close gaps in care as part of telehealth patient consultations as well as facilitate quality score and risk adjustment accuracy improvement across a wide variety of health plan, health system and employer populations.
As part of the engagement, organizations utilizing the MDLIVE platform or telehealth services will be able to have each patient encounter informed by Inovalon’s advanced patient insights and analytics. By leveraging Inovalon’s unparalleled datasets, connectivity, and analytics capabilities, both inbound and outbound telehealth encounters will be dramatically enhanced by clinical and risk analyses computed and provided in real-time.
The Inovalon on-demand, real-time analytics platform provides detailed analyses regarding HEDIS®, ACO, Medicare Advantage, state-specific managed Medicaid, commercial, and other clinical quality measures. It also enables a panoptical view of prior admissions, outpatient encounters, laboratory, and imaging information, thus positively impacting health plans and other outcomes-based arrangements.
With this relationship, MDLIVE will enable clinicians to gain high-value, patient-specific insights often unavailable in telemedicine, giving them greater understanding of their patients and allowing for more personal, focused, and efficient clinical encounters. Patients benefit from a more meaningful and effective telemedicine experience.
“The health plan, employer, or health system benefits from superior patient satisfaction, the achievement of quality outcomes-specific score improvements, risk score accuracy, utilization management, and other value-based benefits,” said Sanjay Patil, M.D., general manager of health systems at MDLIVE. “With the benefit of Inovalon’s analytics, we deliver greater value and impact for our patients and the clients that we serve than is possible with virtual urgent care alone. This allows our clients to implement both reactive and proactive gap closure.”
“As more employers, health plans, and other organizations find themselves under pressures from value-based and shared-risk arrangements, it’s clear that telehealth will play an increasingly important role in the transformation of healthcare,” said Keith Dunleavy, M.D., chief executive officer and chairman of the board of Inovalon. “We are pleased to be working with such an innovative leader in this burgeoning market supporting the promise of telehealth.”
Founded in 2009, MDLIVE is a visionary and pioneer in the digital delivery of high-quality, convenient, cost-efficient virtual care for medical and behavioral health conditions. The company provides consumers, health plans, health systems and self-insured employers with 24/7/365 access to its network of board-certified doctors and licensed therapists via secure online video, and phone through the MDLIVE service and technology platform. Registered users can receive a virtual consultation through the company’s HIPAA and PHI-compliant secure, cloud-based platform from home or on the go. To learn more about how MDLIVE is using telehealth innovations to improve the delivery of healthcare, visit www.MDLIVE.com.
Inovalon is a leading technology company that combines advanced, cloud-based data analytics, and data-driven intervention platforms to achieve meaningful insight and 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, data-driven intervention platforms, and deep subject matter expertise deliver a seamless, end-to-end capability that brings 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 bringing to bear the unique capabilities to resolve them. Providing technology that supports hundreds of healthcare organizations in 98.4% of U.S. counties and Puerto Rico, Inovalon's cloud-based analytical and data-driven intervention platforms are informed by data pertaining to more than 804,000 physicians, 306,000 clinical facilities, and more than 137 million Americans. Through these capabilities, and those of its subsidiary Avalere Health, Inc., which offers data-driven advisory services and business intelligence to more than 200 pharmaceutical and life sciences enterprises, Inovalon is able to drive high-value impact, improving quality and economics for health plans, ACOs, hospitals, physicians, consumers and pharma/life-sciences researchers. For more information, visit www.inovalon.com.
Kim E. Collins
Phone: 301-809-4000 x1473
Gary A. Johnson