BOWIE, Md., June 4, 2015 (GLOBE NEWSWIRE) -- Inovalon (Nasdaq:INOV), a leading technology company providing advanced, cloud-based analytics and data-driven intervention platforms to the healthcare industry, announced that it has entered into a new multi-year agreement with Gateway HealthSM, a nationally ranked managed-care organization headquartered in Pittsburgh, Pennsylvania, to implement Inovalon's Star Advantage® quality improvement analytics platform for its Medicare Advantage membership. This engagement expands on the relationship between Inovalon and Gateway announced on March 2, 2015.
"We are focused on providing the highest-quality, most cost-effective care possible for our members, and Inovalon's solutions are an important part of that effort," said Patricia Darnley, president and chief executive officer at Gateway Health. "Building upon Inovalon's data integration and intervention platform which is in place between our organizations, expanding our relationship to leverage Inovalon's advanced capabilities in quality improvement analytics was a logical decision for us."
Inovalon's Star Advantage® leverages advanced predictive and comparative analytics for insight into current and projected star quality ratings, quality baselines and gaps, industry benchmarks and intra-year cut point predictions, informed by the Inovalon Medical Outcomes for Research on Economics and Effectiveness registry (MORE2 Registry®), a dynamically updated, de-identified dataset of more than 9.6 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® helps to inform 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 Gateway Health's CMS Medicare Advantage Five Star Quality Rating.
Highly differentiated within the marketplace, Inovalon's platform has the ability to analyze and drive quality score intervention insight from both a specific health plan's member data and the broader healthcare landscape data. As CMS increasingly defines quality scores and incentive payments by dynamic, relative cut points (as opposed to pre-set absolute cut points), Inovalon's capabilities become increasingly critical to healthcare organizations seeking to achieve important quality ratings.
"Gateway's dedication to the achievement of strong star quality measure ratings reflects their passion for providing high-quality care to its members," said Keith Dunleavy, M.D., Inovalon chief executive officer and chairman of the board. "We continue to be impressed by their commitment to excellence, and strategy of leveraging leading technologies to deliver data-driven insights that benefit their diverse member populations. We look forward to working with them in this expanded partnership."
Through this expanded relationship which includes the addition of Inovalon's Star Advantage cloud-based analytics and intervention platform, Gateway Health is able to achieve multiple goals and gain significant synergies. By leveraging integrated data flows that have been put in place between the organizations and the healthcare ecosystem that comprises their provider network and membership base, Gateway Health achieves a deeper understanding with Inovalon's data-driven insights of disease, risk scores, utilization, quality and compliance, while simultaneously improving healthcare and financial performance – all in a highly holistic and efficient fashion.
About Gateway HealthSM
Gateway Health is a nationally ranked managed care organization, offering a variety of health plans for Medical Assistance (Medicaid) and Medicare eligible individuals. Gateway has expertise in serving the needs of special segments, including older adults with chronic diseases and lower income individuals. With more than 20 years of experience, Gateway Health is committed to its innovative care models, quality clinical outcomes and responsive and consultative customer service. "A Better Way" is more than a tag line, it's how Gateway conducts business and what they want for plan members, providers and community partners and policy makers. For more information, please visit Gateway Health at www.gatewayhealthplan.com
Inovalon is a leading technology company that combines advanced cloud-based data analytics and data-driven intervention platforms to achieve meaningful insight and 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, data-driven intervention platforms, and deep subject matter expertise deliver a seamless, end-to-end capability that brings 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 bringing to bear the unique capabilities to resolve them. Providing technology that supports hundreds of healthcare organizations in 98.2% of U.S. counties and Puerto Rico, Inovalon's cloud-based analytical and data-driven intervention platforms are informed by data pertaining to more than 763,000 physicians, 257,000 clinical facilities, and more than 121 million Americans providing a powerful solution suite that drives high-value impact, improving quality and economics for health plans, ACOs, hospitals, physicians, consumers and pharma/life-sciences researchers. For more information, visit www.inovalon.com
CONTACT: Inovalon Kim E. Collins 4321 Collington Road Bowie, Maryland 20716 Phone: 301-809-4000 email@example.com Greenough, on behalf of Inovalon Andrea LePain Phone: 617-275-6526 firstname.lastname@example.org
Source:Inovalon Holdings, Inc.