BOWIE, Md. – Feb. 24, 2015 – Inovalon (Nasdaq: INOV), a leading technology company providing advanced cloud-based data analytics and data-driven intervention platforms to the healthcare industry, has announced a multi-year expansion of its relationship with Walgreens, (Nasdaq: WBA), the nation’s largest retail pharmacy chain. This expansion builds upon a unique offering within the health plan and retail clinic industry that leverages Inovalon’s analysis of more than 9.2 billion medical events that empowers unparalleled analytic insights at the point of care, driving improved clinical and quality outcomes and financial performance.
“Over the past year, working together we have demonstrated the important role Healthcare Clinics can play in offering a convenient healthcare setting for member assessments,” said Jeffrey Kang, M.D., Walgreens senior vice president of health and wellness services and solutions. “We have found that our nurse practitioners are more than three times more effective in their assessments and quality scores when utilizing Inovalon analytics. We’re pleased to expand our relationship with Inovalon, and to continue driving the ongoing transformation of healthcare in the U.S.”
As part of Inovalon’s data-driven approach to improving healthcare, Healthcare Clinic at select Walgreens provides quality medical care including prevention and wellness services, treatment, and monitoring and management services. Inovalon’s advanced analytics and data-driven intervention platforms improve Healthcare Clinic’s comprehensive service offerings by providing a convenient, community-based access point for member assessments that improve clinical quality measure outcomes and risk score accuracy. The expanded strategic partnership provides an industry-leading patient assessment channel within Inovalon’s data-driven solution platform to health plans, Accountable Care Organizations (ACOs), and integrated care delivery organizations seeking to achieve goals in improving clinical and quality outcomes as well as financial performance.
“We have been extremely impressed with Walgreens commitment to innovation and partnership, leading the expanding role of the retail clinic business model in utilizing technology to improve the way the healthcare system operates,” said Keith Dunleavy, M.D., Inovalon’s chief executive officer. “The expansion of our relationship builds on our shared commitment to drive meaningful impact across the healthcare landscape. We are proud to be working with such an industry leader.”
Since early 2014, Walgreens and Inovalon have collaborated to offer two versions of member assessments at Healthcare Clinic locations. Both utilized Inovalon’s cloud-based Electronic Patient Assessment Solution Suite (ePASS®) intervention support platform. While one version was fully integrated into Inovalon’s advanced analytics platform, the other version allowed encounters to be performed within the platform unaided by analytics. With this expansion of the relationship, Walgreens will provide only analytically-driven patient assessments supported by ePASS®. These analytics support the identification and resolution of patient-specific gaps in care, quality, diseases co-morbidity and compliance that impact quality outcomes and financial performance for the healthcare community.
Walgreens (www.walgreens.com), the nation’s largest drugstore chain, constitutes the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), the first global pharmacy-led, health and wellbeing enterprise. More than 8 million customers interact with Walgreens each day in communities across America, using the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice. Walgreens operates 8,229 drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Walgreens digital business includes Walgreens.com, drugstore.com, Beauty.com, SkinStore.com and VisionDirect.com. Walgreens also manages more than 400 Healthcare Clinic and provider practice locations around the country.
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 bringing to bear the unique capabilities to resolve them. Supporting hundreds of healthcare organizations in 98.2% of U.S. counties and Puerto Rico, Inovalon’s analytical and data-driven intervention platforms are informed by data pertaining to more than 754,000 physicians, 248,000 clinical facilities, and more than 120 million Americans providing a powerful solution suite that drives high-value impact, improving quality and economics for health plans, Accountable Care Organizations (ACOs), hospitals, physicians, patients and researchers. For more information, visit: www.inovalon.com.
Kim E. Collins
4321 Collington Road
Bowie, Maryland 20716
Greenough, on behalf of Inovalon