Inovalon

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Inovalon, Inc.
Formerly called MedAssurant
Industry Technology
Founded Michigan, U.S. (1998 (1998))
Founders Keith Dunleavy, M.D.
Headquarters Bowie, Maryland
Key people
  • Keith Dunleavy (CEO)
  • Robert Wychulis (President)
  • Daniel Rizzo (CIO)
  • Jason Rose (CSO)
  • Joe Rostock (CTO)
  • Christopher Greiner (CPO) (COO)
  • Thomas Kloster (CFO)
  • Shauna Vernal, Esq.(CLO)
Employees 2,500
Website www.inovalon.com

Inovalon, Inc. is a data analytics technology company based in Bowie, Maryland. It combines advanced cloud-based data analytics with targeted interventions to improve clinical and quality outcomes, utilization, and financial performance in the field of healthcare.[1]

The company was originally founded as MedAssurant in Michigan in 1998.[1] MedAssurant later moved first to Annapolis and then to Bowie, Maryland, in 2008.[1]

In 2008 the company continued to grow with 1,900 clinicians and statisticians. Its process of reviewing claims data, lab data, and other figures to see what kind of care patients were given and how much it cost, was used to advise health plans how to cut expenses. The company gained new investors during this period because of its established business model and the importance of data in the field of healthcare.[2]

In early 2012, MedAssurant expanded its reach by entering into the research arena. Medassurant researchers partnered with other industry researchers to conduct a study on Hospital Readmission Rates in Medicare Advantage Plans. The objective was to compute a benchmark for tracking readmission rates among patients enrolled in Medicare’s private comprehensive Medicare Advantage (MA) plans and to develop preliminary comparisons with the fee-for-service (FFS) readmission rates. The study was published by The American Journal of Managed Care.[3]

MedAssurant changed its name to Inovalon in June 2012.[4]

In 2013, national deals integrating analytics into the point of care were announced with retail-based clinical platforms such as Walgreens’ Healthcare Clinics and electronic health record (EHR) companies such as Allscripts,[5][6] Greenway,[7][8] and NeoDeck. In addition, Inovalon released a research study titled “The Impact of Dual Eligible Populations on CMS Five-Star Quality Measures and Member Outcomes in Medicare Advantage Health Plans".[9][10]

In 2014 Inovalon expanded its partnership with Walgreens to implement its patient assessment tool and technology platform, Electronic Patient Assessment Solution Suite (ePASS®), to support improvements in care, quality and risk score accuracy programs across more than 400 Healthcare Clinic at select Walgreens locations. With the implementation, Inovalon’s analysis of more than 8.3 billion medical events brings analytic insights to Healthcare Clinic programs.[11][12]

In Q2 of 2014, Inovalon added Robert Wychulis as President. Mr. Wychulis formerly served as President of the WellPoint, Inc. health plan, HealthPlus.[13]

Health plans operate under market forces to deliver high quality care with accuracy in their risk score and utilization and compliance. The financial performance for medical practitioners and Medicare Advantage, managed Medicaid, commercial health insurance exchanges, and accountable care organizations is tied to quality and outcomes performance. Inovalon brings big data analytics to the point of care, leveraging interconnectivity capabilities and enabling providers to change healthcare outcomes.[14]

References[edit]

  1. ^ a b c Huslin, Anita (13 October 2008). "Health-Care Data Firm Moves to Bowie". The Washington Post. Retrieved July 15, 2013. 
  2. ^ Whalen, Jeanne (17 September 2008). "Hoffmann-LaRoche Scion Boosts Stake in MedAssurant". The Wall Street Journal Health Blog. Retrieved 13 February 2014. 
  3. ^ Jeff Lemieux, MA; Cary Sennett, MD; Ray Wang, MS; Teresa Mulligan, MHSA; and Jon Bumbaugh, MA (27 February 2012). "Hospital Readmission Rates in Medicare Advantage Plans". The American Journal of Managed Care. Retrieved 13 February 2014. 
  4. ^ Selby, Shawn (June 10, 2012). "Washington area business diary for the week of June 11:Name Changes". The Washington Post. Retrieved July 15, 2013. 
  5. ^ Ravindranath, Mohana (18 September 2013). "Health records company Allscripts partners with data analytics firm". The Washington Post. Retrieved 8 January 2014. 
  6. ^ Terry, Ken (19 September 2013). "Allscripts Enables EHR Customers To Send Data To Payers". InformationWeek. Retrieved 8 January 2014. 
  7. ^ Murphy, Kyle (3 December 2013). "Greenway becomes latest to form EHR-analytics partnership". EHR Intelligence. Retrieved 8 January 2014. 
  8. ^ Bresnick, Jennifer (9 December 2013). "Analytics, EHR vendors partner to bring data to point of care". HealthIT Analytics. Retrieved 8 January 2014. 
  9. ^ Gutman, James (5 December 2013). "D-SNP Group Says New Studies Show CMS Stars System Discriminates Against Them". AISHealth. Retrieved 10 January 2014. 
  10. ^ Rosenthal, Marie (1 December 2013). "Star Ratings Must Account for Dual Eligibles". Managed Healthcare Executive. Retrieved 27 January 2014. 
  11. ^ "Walgreens Brings Big Data Analytics to Healthcare Clinics Through Expanded Relationship with Inovalon". Walgreens. 30 January 2014. Retrieved 30 January 2014. 
  12. ^ "Walgreens to use software to help clinicians assess patients". The Washington Post. 31 January 2014. Retrieved 31 January 2014. 
  13. ^ "Robert Wychulis Recognition Plaque". Washington Business Journal. 20 May 2014. Retrieved May 21, 2014. 
  14. ^ "Inovalon Provides Reason For Optimism For the Future Of Healthcare". Forbes. 15 April 2014. Retrieved 21 April 2014. 

External links[edit]