Inovalon Extends Partnership with Anthem
Collaboration to Achieve Best-Practices Integration of Data-Driven, Value-Based Technologies
Bowie, Md. – January 9, 2017 – Inovalon (Nasdaq: INOV), a leading technology company providing advanced, cloud-based platforms empowering a data-driven transformation from volume-based to value-based models across the healthcare ecosystem, today announced a multi-year extension of its partnership with Anthem, Inc. (NYSE: ANTM), one of the nation’s leading health benefits companies.
The collaboration enables Inovalon and Anthem to leverage the strengths of the two organizations and years of data from working together to maximize value and impact to consumers. Applying an integrated set of Inovalon’s modular platform capabilities in combination with Anthem’s internal capabilities, the partnership achieves a highly efficient, best-practices integration of data-driven, value-based technologies.
The Inovalon and Anthem collaboration covers Anthem’s commercial health insurance, Medicare and Medicaid businesses. As part of the extended collaboration, Anthem will begin implementation of Inovalon’s Data Diagnostics®, a point-of-care healthcare analytics technology delivered in collaboration with Quest Diagnostics (NYSE: DGX).
Inovalon is a leading technology company providing cloud-based platforms empowering a data-driven transformation from volume-based to value-based models throughout the healthcare industry. Leveraging large-scale data interconnectivity capabilities, unparalleled proprietary data sets, advanced analytics, data-driven intervention systems, and industry-leading subject matter expertise, Inovalon enables the assessment and improvement of clinical and quality outcomes and financial performance across the healthcare ecosystem. From health plans and provider organizations, to pharmaceutical, medical device, and diagnostics companies, Inovalon's unique achievement of value is delivered through the effective progression of “Turning Data into Insight, and Insight into Action®.” Providing technology that supports nearly 500 healthcare organizations, Inovalon's platforms are informed by data pertaining to more than 837,000 physicians, 354,000 clinical facilities, and more than 139 million Americans. For more information, visit www.inovalon.com.
Kim E. Collins
George Price (Investors)