Inovalon

Cloud-based software for healthcare analytics

Bowie, Maryland, United States

About Inovalon

Inovalon provides cloud-based software solutions that focus on improving data-driven healthcare. The company offers a platform that integrates real-time data access and advanced analytics, supporting over 100 solutions for healthcare organizations. These solutions help clients enhance patient care, streamline operations, and improve financial performance. Inovalon's platform is designed to be user-friendly and integrates easily with existing healthcare systems, allowing clients to access tools for revenue cycle management, care quality management, and workforce management. Unlike many competitors, Inovalon emphasizes national-scale connectivity and automated processing, making it easier for healthcare providers, payers, and pharmaceutical companies to utilize their data effectively. The goal of Inovalon is to empower healthcare organizations to achieve better clinical outcomes and operational efficiencies through the effective use of data.

Bowie, MarylandHeadquarters
1997Year Founded
IPOCompany Stage
Consulting, HealthcareIndustries
1,001-5,000Employees

Benefits

Health Insurance
Life Insurance
401(k) Company Match
Paid Vacation
Hybrid Work Options

Risks

$50 million fraud lawsuit could cause financial and reputational damage.
Partnership with MEDITECH may pose integration and data security challenges.
AI-powered Converged Record Review faces data privacy and compliance challenges.

Differentiation

Inovalon integrates national-scale connectivity with real-time data access and advanced analytics.
The company offers over 100 solutions for optimizing healthcare operations.
Inovalon's platform supports revenue cycle management, care quality, and workforce management.

Upsides

Partnership with MEDITECH could increase adoption of revenue cycle management solutions.
AI-powered Converged Record Review may attract clients seeking advanced analytics.
Recognition as top vendor for RCM and analytics boosts reputation and client base.

Funding

Total raised$600
StageIPO
IPO
1/31/2015
$600