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 solutions 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.
Inovalon enables pharma organizations to achieve commercial advantage, leveraging its advanced, predictive analytics, real-world datasets and data-driven solutions, along with Avalere’s extensive industry experience support real-world outcomes and value-based contracting initiatives between pharma and health plan and health system stakeholders.
- Aggregate and analyze clinical data pertaining to millions of patients in real-time
- Identify patients aligned with product value proposition
- Identify optimal patients via predictive analytics for clinical trials and research
- Communicate patient-specific value propositions to physicians
- Improve adherence and compliance with medication
- Inform, create, monitor and administrate outcomes-based contracts with payers
- Innovate shared decision-making tools and clinical applications/pathways
- Deploy intervention programs and platforms in specific health plans
- Optimize field force focus
The combined Inovalon and Avalere approach is aligned with the broader transition from volume to value. The unique combination of subject matter expertise, big data technologies, and real-world data assets is provided in an integrated solution stack.
Outcomes-Based Contracting (OBC) Solution
Creehan & Company, an Inovalon company, provides specialty pharmacy capabilities through the industry’s leading data-driven, SaaS-based platform, ScriptMed™, to support all aspects of the marketplace’s high-cost, high-complexity medication journey for 30% of the marketplace.
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