MADISON, N.J., – June 8, 2017 – Quest Diagnostics (NYSE: DGX) and Inovalon (NASDAQ: INOV) announced that their point-of-care health analytics technology Data Diagnostics® won a MedTech Breakthrough Award for Best Overall Healthcare Data Analytics Platform. The MedTech Breakthrough Awards recognize the top companies, people, platforms and products in the health, fitness and medical technology industries. Data Diagnostics® is part of the Quest Diagnostics Quanum™ suite of healthcare information and technology solutions.
Data Diagnostics®, offered jointly by Quest Diagnostics and Inovalon, is a healthcare analytics technology that can be accessed in the workflow to close gaps in patient care in real time. By combining patient information from electronic health records (EHRs) with lab and claims data, Data Diagnostics® reports alert physicians to patient issues such as quality and risk score accuracy that directly affect care quality, patient outcomes and reimbursement.
“Providers and health plans are eager for solutions to help them harness the power of data to drive better care and value,” said David Freeman, general manager, Information Ventures, Quest Diagnostics. “We designed Data Diagnostics® to meet this need with capabilities that include real time access to quality metrics, risk score information and other insights specific to the individual patient. And it does it in a way that extends the capabilities of the physician practice’s established EHR, maximizing the value of existing technology investments.”
“With Data Diagnostics®, we are bringing the power of patient-specific insights into a physician’s workflow in real time, enabling them to identify and close gaps at the point of care.” said Kris Volrath, associate vice president and general manager, Data Diagnostics®, Inovalon. “Inovalon’s platform leverages the industry’s most comprehensive dataset and advanced analytics to enable value-based healthcare across the healthcare ecosystem.”
The mission of the MedTech Breakthrough Awards is to honor excellence and recognize the creativity, hard work and success of MedTech companies, technologies and products. The 2017 MedTech Breakthrough Awards received more than 2,000 nominations.
About Data Diagnostics®
Data Diagnostics®, a joint solution offered by Quest Diagnostics and Inovalon, is a point-of-care health analytics technology that produces patient-specific reports in real time to help physicians easily identify and address gaps in quality, risk, utilization and medical history. Reports draw from information in the physician’s EHR, as well as data from Quest’s 20 billion clinical laboratory test results and Inovalon’s clinical datasets on more than 158 million Americans. Physicians can order Data Diagnostics® reports within their existing workflow and EHR, receiving an easy-to-read actionable report, often within seconds. Data Diagnostics® is designed to be used with the practice’s existing technology and workflows with minimal training.
Data Diagnostics® has won several industry awards, including the MedTech Breakthrough Award for Best Overall Healthcare Data Analytics Platform, Best in Biz Most Innovative Product of the Year for Healthcare and a Gold Edison Award for Health and Wellness—Patient Care. Data Diagnostics® is part of the Quest Diagnostics Quanum™ suite of healthcare information and technology solutions. www.QuestDiagnostics.com/DataDiagnostics
About Quest Diagnostics
Quest Diagnostics empowers people to take action to improve health outcomes. Derived from the world’s largest database of clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve health care management. Quest annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our 43,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives. www.QuestDiagnostics.com
50th Anniversary: In 2017, Quest Diagnostics celebrates 50 years of life-changing results. To learn about our legacy of accomplishments and quest to improve healthcare in the future, visit www.QuestDiagnostics.com/50Years.
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. Leveraging large-scale data interconnectivity capabilities, unparalleled proprietary data sets, advanced analytics, data-driven intervention systems, 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 856,000 physicians, 375,000 clinical facilities, and more than 158 million Americans. Data Diagnostics® is a trademark of Inovalon, and the system and processes generally described herein are proprietary to Inovalon as the sole owner of the intellectual property. For more information, visit www.inovalon.com or www.datadiagnostics.com.
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