Devices

Devices

The entirety of the healthcare ecosystem is undergoing a massive transformation driven by the shift from volume-based to value-based forces. From healthcare services to diagnostics, devices, and pharmaceuticals, the need to deliver and improve value is impacting all segments of healthcare. Data, its aggregation, analysis, and targeted application is the key to enabling the desired outcomes and economics within this new healthcare paradigm. To this need, Inovalon brings an unparalleled platform empowering the transformation of healthcare.

Inovalon is a cloud-based, analytics platform company empowering the healthcare ecosystem’s transition from volume to value. Our modular platforms leverage unparalleled proprietary datasets, advanced analytics, and data-driven intervention capabilities to assess and improve clinical & quality outcomes, utilization efficiency and financial performance. Payers, providers, pharma/life sciences, specialty pharmacy, and device manufacturers – all share the same need for data-driven insights to help drive meaningful business impact and improve care.

The Solution

With the healthcare industry transitioning from volume to value-based care, device manufacturers seek to deliver optimal value through their products — something that Inovalon's Device and Diagnostics Value-Based Care Platform is well-positioned to support — giving payers, health systems, clinicians and the device manufacturer real-time insight into how their device is impacting patient outcomes, which informs treatment approaches to improve health and lower costs in the system.

The Platform enables the connectivity to the critical data sources – including patient home-monitoring, ambulatory settings of care and acute and post-acute care facilities along with the MORE2 Registry®, that provide for the foundation of real-time, patient-specific analytics to more effectively manage patients through the process of optimizing care coordination, continual surveillance and monitoring, and performance management.

Inovalon’s cloud-based platform is powered by industry-leading advanced analytics to inform key aspects of a patient’s progress – from identification, risk stratification and to ongoing monitoring of the patient post-discharge and into the home setting and throughout the continuum of care. The platform contains more than 50 modules comprised of over 1,500 executables providing critical insights throughout the care path that enables meaningful impact and alerts the respective care teams when a change in the patient's status requires an appropriate level of intervention.

Healthcare Data Insights

Inovalon provides solutions that healthcare organizations require to quantify and contract against cost, quality, risk, and real-world effectiveness of their business solutions. With the unique combination of large scale real-world datasets, sophisticated cloud-based predictive and comparative analytics, data-driven platforms and deep subject matter expertise, Inovalon executes innovative value-based agreements and enables health economic and comparative effectiveness research, market intelligence, clinical trial recruitment, utilization analysis, and more, to achieve improved clinical and quality outcomes and financial performance. Learn More