BOWIE, Md., July 29, 2015 (GLOBE NEWSWIRE) -- Inovalon (Nasdaq:INOV), a leading technology company providing advanced, cloud-based analytics and data-driven intervention platforms to the healthcare industry, today announced a new, multi-year agreement with HP (NYSE:HPQ) to provide an industry-leading solution for healthcare quality analytics for the State of Georgia Department of Community Health's (DCH) Medicaid and PeachCare for Kids® programs.
With the increasing importance of clinical and quality outcomes in Medicare Advantage, managed Medicaid, Commercial, accountable care organizations (ACOs) and other value-based programs, sophisticated analytical platforms have become critical within the healthcare landscape. While advanced quality analytics are necessary tools for the myriad of payer and provider organizations, so too are they increasingly needed by the federal, state and local government programs responsible for awarding, overseeing and regulating their constituent healthcare initiatives. As a result, these government programs are increasingly in need of advanced capabilities to monitor quality performance and determine areas of success and challenge within populations of very large scale. Applying Inovalon's advanced data aggregation and analysis capabilities allows government organizations to not only measure and monitor accurately on quality performance, but also to proactively and predictably help improve quality outcomes with a strong eye on performance and intervention effectiveness, accountability and efficacy.
"As government programs seeking to monitor and improve quality, the sophistication of the technologies needed to support them has increased dramatically. Together with Inovalon, we are pleased about the potential to further enhance our data aggregation, analytics and reporting capabilities," said Jeff Jacobs, account executive, HP Enterprise Services. "This technology is important to our support of the State of Georgia in its commitment to strong healthcare quality outcomes for the millions of Medicaid and PeachCare for Kids® members through innovative care."
The relationship with the State of Georgia will be supported through the combination of Inovalon's proprietary cloud-based data integration platform, iPORT®, and healthcare data quality analytics platform, Quality Spectrum Insight (QSI®). QSI® is offered in a standard cloud-based version and a cloud-based big data version, referred to as QSI®-XL, for organizations of significant size and processing power requirements, providing unparalleled, accelerated processing speeds able to handle the nation's largest patient populations at speeds ranging all the way up to real-time processing. The Inovalon platform for healthcare data integration, analytics, intervention, and reporting enables HP to not only support the State of Georgia's quality performance measurement and reporting needs, but also positions HP for expansion into a wide array of capability provisioning within the industry.
"As the healthcare industry transitions from a consumption-based to a value-based model, healthcare organizations have been under increasing pressure to achieve higher quality outcomes ratings and meet accelerating regulatory reporting deadlines," said Mike Burgin, vice president of clinical and quality outcomes at Inovalon. "We are proud to partner with HP to support the growing need for continuous healthcare improvement and the innovations that drive efficiency and accuracy for greater clinical and quality outcomes and financial performance."
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.