BOWIE, Md. – October 14, 2014 – Inovalon, Inc., a leading technology company providing advanced cloud-based data analytics and data-driven intervention platforms to the healthcare industry, announced that it has expanded its relationship and entered into a multi-year relationship with Elderplan, Inc., a not-for-profit health plan that is tailored to meet the needs of Medicare, Medicaid and Dual-Eligible individuals at every stage of health. Elderplan, an affiliated agency of MJHS, will implement Inovalon’s quality improvement, predictive analytics, risk score accuracy and business intelligence solutions to provide an integrated suite for identifying and closing gaps in care, quality, assessment, and documentation for its membership population.
“For nearly 30 years, Elderplan has been at the forefront of offering a wide range of innovative health plans that are designed to deliver positive health outcomes and member satisfaction,” said Vincent Marchello, MD, Chief Medical Officer of Elderplan. “We selected Inovalon and their industry-leading solutions to help enhance our existing quality initiatives through predictive analytics and insight, as well as to improve member care coordination and health outcomes.”Elderplan is a participant in New York State’s Duals Demonstration Project: Fully Integrated Dual Advantage or, “FIDA”, offering new managed care plans for certain “dual eligibles” – people who have both Medicare and Medicaid. New York State is one of 15 states to receive a multi-year federal grant to develop a demonstration program to coordinate care for “dual eligibles.” The program will include a focus on providing technology and care support to Elderplan’s FIDA membership in preparation for the upcoming New York demonstration program.
“Today, health plans are under increased pressure to not only measure quality of care, but to improve it in a meaningful way. It is essential to leverage healthcare data to analytically drive higher levels of quality improvement performance,” said Jason Rose, Inovalon’s Chief Strategic Development Officer. “We are pleased to expand our partnership with Elderplan to improve quality and financial outcomes through advanced data-driven solutions.”
Elderplan, Inc. is a health plan with Medicare and Medicaid contracts that has served New York Medicare Beneficiaries for nearly 30 years. Tailored to fit the needs of Medicare, Medicaid and Dual-Eligible individuals at every level of health, Elderplan, Inc. offers a wide range of affordable, high-quality plans, including HomeFirst, one of the original MLTCPs in New York. Elderplan is an affiliated agency of MJHS. For more information, visit www.elderplan.org.
About Inovalon, Inc.
Inovalon is a leading technology company that combines advanced cloud-based data analytics and data-driven intervention platforms 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. Supporting hundreds of healthcare organizations in 97.8% of U.S. counties and Puerto Rico, Inovalon’s analytical and data-driven intervention platforms are informed by data pertaining to more than 720,000 physicians, 229,000 clinical facilities, and more than 140 million Americans, providing 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
Audrey O Waters
6323 Seventh Ave
Brooklyn, NY 11220