BOWIE, Md. – May 13, 2014 – Inovalon, Inc., a leading technology company providing advanced cloud-based analytics and data-driven solutions to the healthcare industry, today announced the Company has been chosen as the Business of the Year for the City of Bowie, Maryland.
The Business of the Year Award was created seven years ago by Bowie’s Economic Development Committee and is presented each year to a selected Bowie based business. The award is given to a company that has demonstrated high‐level accomplishments that are a benchmark for other businesses. These high‐level accomplishments include financial success, visible community involvement, a professional employee work environment, and excellence in customer satisfaction, strategic planning, and business development. The City of Bowie, in partnership with the Greater Bowie Chamber of Commerce, solicits nominations for Bowie’s Annual Business Recognition Event where Inovalon will be recognized at the 2014 Business of the Year.
Inovalon’s technology innovations in the healthcare industry are driving increased value and materially reducing solution delivery costs for managed care. Driven by data, Inovalon improves health insurance plan quality and financial performance through the delivery of high performance data analytics addressing risk score accuracy, quality, and care—while also bringing to bear the unique intervention capabilities to resolve them. These technology innovations focus on big data analytics processing, electronic health record interoperability, and retail health clinic integration. Inovalon’s data-driven, cloud-based solutions touch more than 540,000 physicians, 220,000 clinical facilities, and more than 140 million Americans, approximately half of the insured population. Since 1998, Inovalon has successfully used data analytics to improve the quality and economics of healthcare for health plans, hospitals, physicians, patients, and researchers. Inovalon employs more than 2,500 employees, 600 of whom are situated in the company’s Bowie offices which include Inovalon’s Bowie based Corporate Headquarters located on Collington Road.
Inovalon is committed to supporting its local community through its charitable giving agenda. The company and its employees have made contributions to Bowie Health Center, Anne Arundel Medical Center Foundation, Annapolis Wellness House, Girl Scouts of Central Maryland, and YWCA of Annapolis and continue to support various other local and national charities.
“Corporate responsibility and citizenship is a key priority within Inovalon,” said Keith Dunleavy, M.D., President and Chief Executive Officer of Inovalon. “We are grateful for the opportunity to support our local Bowie community.”
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
Feinstein Kean Healthcare, on behalf of Inovalon, Inc.