UnitedHealthcare Selects the Inovalon ONE™ Platform
Nation’s Largest Health Plan Enters into 5-Year Agreement for Cloud-Based Analytics
Bowie, Md. – September 12, 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 that UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, has entered into a five year engagement implementing the Inovalon ONE™ Platform enabling ultra-high speed analytics empowering greater clinical quality outcomes insight and real-time data visualization within its Medicare Advantage and commercial membership nationwide.
The engagement leverages multiple cloud-native Components within the Inovalon ONE™ Platform to enable unprecedented data integration and analytical processing speeds, and subsequent real-time data visualization, to inform accelerated decision-making and speed-to-impact for clinical quality programs. The engagement will help drive population health programs for more than 30 million members of UnitedHealthcare across the United States.
“We are dedicated to delivering high-quality, cost-effective care to the people we serve,” said William A. Hagan, president United Clinical Services. “Through the implementation of Inovalon’s platform we are able to achieve scale and analytical processing speeds that were not previously possible, producing important clinical insights much more quickly and helping deliver industry-leading quality to our members.”
“As the trend toward quality and value-based care models increases, the sophistication of the technologies needed to achieve meaningful and differentiated results has never been more critical to success.” said Keith Dunleavy, M.D., chief executive officer and chairman of the board of Inovalon. “We are very pleased to be expanding our partnership with UnitedHealthcare, a clear industry leader, helping to support their data-driven approach to care quality.”
UnitedHealthcare is dedicated to helping people nationwide live healthier lives by simplifying the health care experience, meeting consumer health and wellness needs, and sustaining trusted relationships with care providers. The company offers the full spectrum of health benefit programs for individuals, employers, military service members, retirees and their families, and Medicare and Medicaid beneficiaries, and contracts directly with more than 1 million physicians and care professionals, and 6,000 hospitals and other care facilities nationwide. UnitedHealthcare is one of the businesses of UnitedHealth Group (NYSE: UNH), a diversified Fortune 50 health and well-being company. For more information, visit UnitedHealthcare at www.uhc.com or follow @myUHC on Twitter.
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. Through the Inovalon ONE™ Platform, Inovalon brings to the marketplace a national-scale capability to interconnect with the healthcare ecosystem on massive scale, aggregate and analyze data in petabyte volumes to arrive at sophisticated insights in real-time, drive impact wherever it is analytically identified best to intervene, and intuitively visualize data and information to inform business strategy and execution. Leveraging its platform, unparalleled proprietary data sets, 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 858,000 physicians, 377,000 clinical facilities, and more than 230 million Americans. For more information, visit www.inovalon.com.
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George Price (Investors)
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