Inovalon Recognized as #1 Ranked Cloud-Based Data Platform Provider for Healthcare by Black Book Research

Leader in Data-Driven Healthcare Earns Top Ranking for Third Consecutive Year

BOWIE, Md., Sept. 06, 2023 (GLOBE NEWSWIRE) — Inovalon, a leading provider of cloud-based software solutions empowering data-driven healthcare, announced that following an assessment of 143 solution providers, Black Book Research has once again recognized Inovalon as the Top-Ranked Cloud-Based Data Platform for its robust data integration and predictive analytics that are part of its Converged SaaS suite of products. Inovalon earned the top ranking in nine of eighteen qualitative key performance indicators, judged by managed care, health plans, and payer IT professionals, in categories such as Innovation & Optimization, Strategic Alignment of Client Goals, Best of Breed Technology & Process Improvement, Deployment & Implementation, and many more. Overall, Inovalon was ranked #1, surpassing technology providers including ClearDATA, Amazon, Optum, Accenture, Salesforce, Redox, Microsoft, VMware, and IBM.

The Inovalon Payer Cloud is powered by the Inovalon ONE^® Platform to transform traditional, siloed payer workflows into data-driven, converged workflows to support health plans in improving clinical quality metrics, risk score accuracy, value-based care performance, member and provider engagement, vaccine adherence, data intelligence, and many other use cases. Inovalon’s Payer Cloud software solutions are used by more than 100 U.S. health insurance plans, including 23 of the top 25 health plans, supporting more than 207 million patients, to help optimize their economic and quality performance with sophisticated analytics and dynamic business intelligence.

“Inovalon is honored to receive this award for the third consecutive year, demonstrating our unwavering commitment to serving the needs of our health plan customers and the millions of patients they serve,” said Eron Kelly, President of Inovalon. “This is a testament to how our industry-leading Converged suite of SaaS solutions is empowering health plans to make meaningful clinical, quality, and financial improvements with patient-centric and actionable insights resulting in truly positive impact.”

Black Book Research investigated 143 vendors utilized by 7,606 validated IT users nationwide for final satisfaction rankings between Q3 2022 and Q2 2023. Black Book Research collected survey results on 18 key performance areas of operational excellence to rank vendors by electronic medical and health record product lines, with the data immediately subject to an internal and external audit to verify completeness and accuracy. Areas of assessment by Black Book included: Strategic Alignment; Innovation & Optimization; Trust, Accountability, Transparency, and Ethics; Deployment and Implementation; Reliability; Marginal value Adds and Modules; Account Management Support and Customer Care; and Best of Breed Technology and Process Improvement, amongst others.

To learn more or to download the full report, please visit: https://www.inovalon.com/inovalon-ranked-number-1-payer-technology-solution/

About Inovalon

Inovalon is a leading provider of cloud-based software solutions empowering data-driven healthcare. The Inovalon ONE^® Platform brings together national-scale connectivity, real-time primary source data access, and advanced analytics into a sophisticated cloud-based platform empowering improved outcomes and economics across the healthcare ecosystem. The company’s analytics and capabilities are used by more than 20,000 customers and are informed by the primary source data of more than 78 billion medical events across one million physicians, 640,000 clinical settings, and 372 million unique patients. For more information, visit www.inovalon.com.

About Black Book Research

Black Book Market Research LLC provides healthcare IT users, media, investors, analysts, quality minded vendors, prospective software system buyers, and pharmaceutical manufacturers with client experience competitive analysis and purchasing trends.

Since 2000, Black Book™ has polled vendor satisfaction across over thirty industries in the software/technology and managed services sectors around the globe. In 2009, Black Book began polling the client experience of over 2,000,000 healthcare software and services users. Black Book expanded its survey prowess and reputation of independent, unbiased crowd-sourced surveying to IT and health records professionals, physician practice administrators, nurses, financial leaders, executives, and hospital information technology managers. Users participated in the 2023 polls of payer IT client experience in a sweeping seven-month set of multiple research events.

For methodology, auditing, resources, comprehensive research, and ranking data contact Black Book at research@blackbookmarketresearch.com or www.blackbookmarketresearch.com.

Contact:

Glen Brandow
Sr. Director, Communications, Inovalon
Glen.Brandow@inovalon.com