Unlocking healthcare insights across the industry

Healthcare is a daily need. At any moment, patients across the country are looking for a new provider, heading to their appointment, or hoping for test results in their favor. Meanwhile, healthcare professionals are leveraging healthcare insights to get patients on the right treatment at the right time, assess health equity, understand treatment outcomes, and more – while also navigating their own healthcare journey.

The healthcare continuum is a massive engine that doesn’t stop. At Inovalon, we believe data is the fuel powering the engine. This blog highlights ways data is driving innovation across the industry.

Emerging healthcare discoveries

A life-changing surgery. Personalized medicine to treat a rare genetic condition. An outreach program targeting underserved communities. Data analytics contribute to each of these outstanding healthcare insights in some way, constantly working in the background of healthcare to advance patient care.

At Stanford Medicine, a team recently turned gene sequencing on its head by using a sequencing machine at a faster speed than usual, accompanied with cloud-computed data processing. What traditionally takes a few weeks took a few hours instead, and for one young boy, the test results delivered the information his care team needed to address a dangerous cardiac condition. At scale, rapid gene sequencing means more patients can receive this level of care, without waiting weeks to get life-saving answers. This information also means less tests to order and keeping patients in the hospital for less time.

At Johns Hopkins, artificial intelligence is helping detect sepsis nearly six hours sooner than traditional methods. For 1.7 million U.S. adults who develop sepsis each year, six hours means they are 20% less likely to die from this rapidly spreading, dangerous condition.

Artificial intelligence and machine learning will continue to advance life-saving treatment and rapid disease detection. These data analytics solutions are innovating rapidly and are no longer novel or rare – they are at the center of the next era of healthcare insights.

How Inovalon empowers healthcare insights across the industry

Inovalon is proud to be part of this exciting time in healthcare. Our extensive industry connectivity and subject matter expertise are supporting research, analytics, and innovation across the industry every day.

Data-driven research

Whether for clinical trial optimization, health economics and outcomes research, or commercial analytics, our Real-World Data informs groundbreaking healthcare insights throughout the care continuum. It represents the largest primary source healthcare dataset in the industry, which spans millions of unique patients and billions of medical events and can be curated to fit unique research needs.

Paired with our team of in-house experts who have over 350 years¹ of combined analytics experience, we help turn massive amounts of data into meaningful action.

Our Data Solutions team is partnering with Harvard Medical School on a first-of-its-kind study to understand the characteristic differences between Medicare Advantage and Medicare Fee-for-Service beneficiaries, both before age 65 and after they transition into Medicare. For health plans and policymakers, these healthcare insights have revealed a new level of detail as they consider resource allocation and recruitment efforts to best serve these populations.

For additional examples of real-world evidence powered by Inovalon data and experts, visit our publications page.

Advancing health equity

The new CMS Health Equity Index brings an added layer of complexity for Medicare Advantage plans as they strive to advance health equity for their members. Our Health Equity Index Dashboard delivers the on-demand data access they need to understand their performance on the new index, improve member access, and enhance resource allocation.

This data visualization software supports plans in delivering positive impact in the ways their members need most. Plans can target their reporting down to individual characteristics and compare their performance to other plans that serve similar populations.

Addressing gaps in care

For all types of payers, our cloud-based solutions deliver healthcare insights so they can better understand their quality measurement, risk score accuracy, reporting, and improvement initiatives.

Combined into one platform, Converged Quality and Converged Risk empower health plans to meet all their reporting requirements. Our solutions analyze healthcare performance on 80%+ of all NCQA-covered lives each year², delivering deeper member insights, enhanced program flexibility, and more effective program management.

With data processing performed nearly 3-5 times faster³ than other solutions, health plans can trust they’re leveraging the most recent healthcare insights available to make program adjustments as needed.

Improving treatment delivery

In the pharmacy space, our software improves operational efficiency while reducing time to fill and costs to serve. ScriptMed® Specialty delivers real-time access to the industry’s largest primary source dataset, empowering specialty and infusion pharmacists to understand the full patient picture and avoid common workflow delays such as prior authorizations and limited system connectivity.

This single solution makes it easy to create customized reports, track patient prescriptions, and deploy persona-based workflows for different patient types – all with the highest possible level of software security and data accuracy.

The next era of healthcare data analytics

Data insights support every corner of healthcare. From confirming critical patient details to understanding population-level needs, healthcare insights are the driving force behind better patient-provider interactions, better treatment outcomes, and better resource utilization.

At Inovalon, we’re proud to be the partner of choice for organizations across the industry, empowering them to achieve more for their business and the patients they serve with the right data, at the right time. Whether you’re a health plan, a physician’s office, a pharmacy, or in the life sciences sector, our solutions are here to help you harness the power of data to transform what the next era of healthcare can be.

Discover all that the Inovalon ONE® Platform can do.

To see our solutions in action and learn more about our analytic capabilities, join us at Customer Congress 2023!

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Sources:

¹ Inovalon internal reporting, January 2023.

² Inovalon calculation based on HEDIS® MY2021 data. June 2022

³ Based on Inovalon’s analysis of Converged data analytics processing speeds compared to the industry average.

Inovalon and design^®, Inovalon^®, ScriptMed^®, and the Inovalon ONE^® Platform are trademarks of Inovalon, Inc.