What You Should Know:
Strategies employed by payers, provider-sponsored health plans, and provider organizations are starting to become more proactive, and the need for solutions with prospective, predictive capabilities is rising. Additionally, amid rising healthcare costs and economic uncertainty, organizations are looking for solutions that deliver more for less.A new KLAS report examines risk adjustment vendors’ abilities to drive outcomes and value, their prospective capabilities,
Read More
Inovalon
Healthcare Data Lake: The Key to Operating a Data Informed Organization
Two decades ago, business priorities within a healthcare organization were largely driven by a select few executive visionaries. Today, the most successful healthcare organizations are using data to validate ideas and further refine them through advanced studies and predictive models.
The data-informed healthcare organization has come of age through recent advances in data technologies, a surge in artificial intelligence and machine learning capabilities,
Read More
Inovalon Launches Race & Ethnicity Data Enrichment Offering for Health Plans
- What You Should Know:
Inovalon, a provider of cloud-based software solutions empowering data-driven healthcare unveils a new data enrichment offering that allows health plans to improve the completeness and accuracy of race and ethnicity data for their members.
- By using algorithms uniquely available through the Inovalon ONE® Platform, the new offering fills in information gaps that can lead to care disparities across member populations and helps
Read More
Walmart Expands Partnership with Inovalon for Complete View of Patient Journey
What You Should Know:
- Inovalon, a provider of cloud-based platforms empowering data-driven healthcare today announces an expansion of their partnership with Walmart Inc.
- This new multi-year agreement will provide the retailer access to Inovalon’s industry-leading Data Insights solution enabling acceleration to a more patient-centric healthcare model through the application of large-scale analyses of aggregated, de-identified data.
- Walmart has been working with Inovalon since
Read More
Nordic Capital and Insights Partners Acquires Inovalon for $7.3B
What You Should Know:
- Inovalon, a provider of cloud-based platforms empowering data-driven healthcare, today announced that it has entered into a definitive agreement to be acquired by an equity consortium led by Nordic Capital, and joined by Insight Partners, as lead co-investor, 22C Capital for $7.3 billion in cash.
- Under the terms of the agreement, Inovalon stockholders will receive $41.00 per share in cash for each share of Class A Common Stock or Class B Common Stock, representing
Read More
CommonWell Enables Payer Access to Nationwide Interoperability Network
What You Should Know:
- CommonWell Health Alliance enables payer access with the addition of a new service provider, DataFile Exchange to support the operational services specific to the Payment and Health Care Operations use case.
CommonWell
Health Alliance today announced it is extending its interoperability
services to enable additional use cases beyond treatment and patient access,
starting with Payment and Health Care Operations data requests.
Data File Exchange
Read More
Inovalon Launches FHIR-Based Solution for Health Plan Compliance
What You Should Know:
- Inovalon announced the availability of its Cloud-Based “Consumer Health Gateway” Module, alleviating the need for health plans to build their own Patient Access API to comply with the new requirement of the 21st Century Cures Act.
- The Consumer Health Gateway is a consumer portal allowing the FHIR®-based exchange of a patient’s claims and clinical data securely with authorized third-party applications. It consists of a robust patient consent and authentication
Read More
Inovalon to Acquire ABILITY Network for $1.2B to Create Vertically Integrated Cloud-Based Platform
Inovalon, a technology company providing advanced, cloud-based platforms empowering a data-driven transformation from volume-based to value-based models has acquired ABILITY Network (“ABILITY”) for $1.2 billion. The combination of Inovalon and ABILITY creates a vertically integrated cloud-based platform empowering the achievement of real-time, value-based care from payers, manufacturers, and diagnostics all the way to the patient’s point of care.ABILITY is a leading cloud-based
Read More
Inovalon Extends Multi-Year Partnership with Anthem to Maximize Value-Based Care
Inovalon, a technology company providing advanced, cloud-based platforms empowering a data-driven transformation from volume-based to value-based models across the healthcare ecosystem has announced a multi-year extension of its partnership with health benefits provider Anthem, Inc. The collaboration enables Inovalon and Anthem to leverage the strengths of the two organizations and years of data from working together to maximize value and impact to consumers. Applying an integrated set of
Read More
Healthcare Analytics Market to Reach $18.7B by 2020
The global healthcare analytics market is expected to reach $18.7 Billion by 2020 from $5.8 Billion in 2015, according to a new market research report by MarketsandMarkets. Among end users, the healthcare providers segment is expected to grow at the highest CAGR during this forecast period. The demand in this market is highly driven by federal mandates such as the implementation of EHRs and ICD-10 code sets, shift towards value-based medicine, and the increased focus on quality care and reduced
Read More
