BOWIE, Md. – June 23, 2014 – Inovalon, Inc., a leading technology company providing advanced analytics and data-driven solutions to the health care industry, announces that it has entered into a multi-year relationship with Assurant Health, a leading provider of major medical and supplemental health plans for individuals, families and small employers nationwide. Under the engagement, Inovalon will provide a suite of data-driven solutions focused on data accuracy, insight, and reporting capabilities to support Assurant Health’s success in major medical health plan delivery.
Inovalon’s solutions leverage advanced data-driven analytics to address key challenges facing health plans in the areas of retrospective and prospective patient insight and data accuracy, Edge Server data submission technologies, business intelligence, financial reporting and medical record data audit support. Inovalon applies these capabilities in a highly integrated fashion to deliver value to its health plan partners.
“For more than 120 years, Assurant Health has been serving the health care coverage needs of consumers through access to high quality and convenient health care delivery and innovative product and service offerings,” said Adam Lamnin, President and Chief Executive Officer of Assurant Health. “Our partnership with Inovalon furthers our commitment to helping our customers receive the best value from their Assurant Health plan and improve health outcomes and quality of life.”
By coordinating analytics and health consultations for customers enrolled in major medical plans, Inovalon will help Assurant Health optimize its offerings through data-driven technology platforms. Assurant Health customers will benefit from informed physician encounters and gain convenient access to data-driven care through strategic relationships such as Inovalon’s integrated ePASS® platform at nationwide retail pharmacy clinics. Further, physicians will benefit from member-specific analytics and insight available in Inovalon’s web-enabled platforms and directly integrated into their Electronic Health Record (EHR) technologies through Inovalon’s interoperable solutions.
“Inovalon is very pleased to be working closely with Assurant Health,” said Keith Dunleavy, M.D. Chief Executive Officer of Inovalon. “We have been impressed by Assurant Health’s commitment to its customers through quality health plans and service.”
About Assurant Health
Assurant Health is the brand name for a family of health insurance products focused on providing a variety of affordable plan choices to consumers. The portfolio of health care products includes major medical and supplemental plans for individuals, families and small employers. Assurant Health is committed to providing access to convenient health care delivery, easy-to-understand products and value-added services that help customers better manage their health care dollars and get the most out of their coverage, ultimately seeking to protect not only financial security but also the health and well being of its customers. Assurant Health’s products are underwritten and issued by John Alden Life Insurance Company, Union Security Life Insurance Company and Time Insurance Company, which has been in business since 1892. Assurant Health is headquartered in Milwaukee, Wis., More information can be found on the company’s website at www.assuranthealth.com.
Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $30 billion in assets and $9 billion in annual revenue. Assurant has approximately 16,600 employees worldwide and is headquartered in New York’s financial district. www.assurant.com.
About Inovalon, Inc.
Inovalon is a leading technology company that combines advanced cloud-based data analytics with highly targeted interventions to achieve meaningful impact in clinical and quality outcomes, utilization, and financial performance across the healthcare landscape. Inovalon’s unique achievement of value is delivered through the effective progression of Turning Data into Insight, and Insight into Action®. Large proprietary datasets, advanced integration technologies, sophisticated predictive analytics, and deep subject matter expertise deliver a seamless, end-to-end platform of technology and nationwide operations that bring the benefits of big data and large-scale analytics to the point of care. Driven by data, Inovalon uniquely identifies gaps in care, quality, data integrity, and financial performance – while also bringing to bear the unique capabilities to resolve them. Touching more than 540,000 physicians, 220,000 clinical facilities, and more than 140 million Americans, this differentiating combination provides a powerful solution suite that drives high-value impact, improving quality and economics for health plans, ACOs, hospitals, physicians, patients, and researchers. For more information visit www.inovalon.com.
Kim E. Collins
4321 Collington Road
Bowie, Maryland 20716
Phone: 301-809-4000 x1473
Greenough, on behalf of Inovalon, Inc.