BOWIE, Md. – November 12, 2014 – Inovalon, Inc., a leading technology company providing advanced cloud-based data analytics and data-driven intervention platforms to the healthcare industry, announced that clients invested and committed to quality improvement, while utilizing Inovalon’s quality outcomes improvement solution, Star Advantage®, realized a material positive increase in their Star Quality Ratings. Specifically, the average two year cumulative Star Ratings increase for clients utilizing Inovalon’s data-driven quality improvement platform was three times the national average of all Medicare Advantage health plans, as released by the Centers for Medicare & Medicaid Services (CMS) Star Quality Ratings data on October 9, 2014.
The national Star Ratings performance program, instituted by CMS, measures and reports on a wide range of clinical and quality outcomes pertaining to members and health plans across the United States. An analysis of the data released by CMS on October 9 reveals that, on a two year cumulative period, Star Ratings scores increased by 4.6% for the average Medicare Advantage health plan on an enrollment weighted basis, while health plans engaged with Inovalon’s Star Advantage clinical and quality outcomes improvement platform realized a Star Ratings performance increase of 14.1%, or more than three times the national average.
Inovalon’s Star Advantage solution provides health plans with the ability to better understand and meaningfully improve their Health and Human Services/CMS Star Quality Ratings by leveraging the nation’s most widely used healthcare quality analytics and data-driven intervention platforms. Star Advantage leverages advanced predictive analytics informed by Inovalon’s Medical Outcomes for Research on Economics and Effectiveness registry (MORE2 Registry®), a dynamically updated, de-identified dataset of more than 9.1 billion medical events, which empowers current understandings and improvements in healthcare trends pertaining to both care management and quality outcomes. Armed with these data insights, Star Advantage brings to bear the right intervention with the right content, at the right time and in the right venue, for the right patient, utilizing data-driven advanced analytics to achieve highly resource-efficient improvements in quality across large and small populations. Inovalon deploys its quality improvement solutions in a flexible, adaptable manner with its client partners, tailoring the solution to work together with, or enhance pre-existing quality improvement strategies.
“Quality improvement is an extremely complex and multi-faceted challenge for all health plans. Plans that are investing in advanced analytics extended to the point of care are enhancing their quality score performance,” said Keith R. Dunleavy, M.D., CEO and Chairman of Inovalon. “Quality improvement builds on momentum, and it takes ongoing and continuous effort to reach the ultimate Star Rating objective. Health plans that prioritize quality improvement as a corporate initiative, and maintain persistent and relentless focus on quality will be benefitting the most in the long run. We are extremely proud of these results and the positive impact the collaboration between Inovalon and our partners has had on their quality performance.”
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 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 744,000 physicians, 245,000 clinical facilities, and more than 119 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
Greenough, on behalf of Inovalon, Inc.