Molina Healthcare Selects Inovalon to Provide Data-Driven Insights to Improve Member Care
December 10 2018 - 7:55AM
Inovalon (Nasdaq: INOV), a leading technology company providing
advanced, cloud-based platforms empowering data-driven healthcare,
and Molina Healthcare (NYSE: MOH), a FORTUNE 500 company providing
managed healthcare services through government programs, today
announced an agreement to support Molina’s widespread efforts to
improve member care and documentation within its Medicaid, Medicare
and Marketplace member populations across the country.
Molina entered into an agreement with Inovalon
for similar work for its Marketplace plans in Florida and Texas in
2017. The new agreement will expand the existing relationship to
include additional Molina states and all lines of business across
the enterprise. This will enhance Molina Healthcare’s data
analytics, member interventions, and reporting. Improved
efficiencies between providers, members, and Molina support staff
are expected to be realized immediately.
“The Inovalon ONE® Platform will enable
infrastructure efficiencies to help us identify members’ clinical
gaps while ensuring we are documenting patient diagnoses accurately
and completely,” said Jim Woys, executive vice president of health
plan services for Molina Healthcare. “Ensuring that our risk and
quality operations are operating as efficiently as possible is an
important aspect of Molina’s multifaceted margin recovery and
sustainability plan, and we are pleased to expand our relationship
with Inovalon to realize results quickly in this area.”
“We have been impressed by the degree to which
Molina Healthcare is committed to providing its members with the
highest level of service and quality care while also focusing on
the efficiency and effectiveness of its programs,” said Jason
Capitel, chief operating officer of Inovalon. “We are pleased to
expand our partnership with this innovative and value-oriented
company to provide advanced analytic capabilities of the Inovalon
ONE® Platform supporting data-driven, patient-specific, and
provider-specific point-of-care solutions and engagement strategies
to drive positive outcomes.”
The Inovalon agreement is part of a broader
strategy to improve Molina’s ability to manage clinical risk and
needs assessment, which includes expanding its CareConnections
program, hiring additional nurse practitioners for direct member
outreach, and improving care coordination.
About the Inovalon ONE®
Platform
The Inovalon ONE® Platform is an integrated
cloud-based platform of more than 80 individual proprietary
technology toolsets and deep data assets able to be rapidly
configured to empower the operationalization of large-scale,
data-driven healthcare initiatives. Each proprietary technology
toolset is referred to as a Component, which are grouped into
Modules, and informed by the data of billions of medical events
within Inovalon’s proprietary datasets. Combinations of Components
and Modules are configured to empower highly differentiated
solutions for client needs quickly and in a highly scalable
fashion. The flexibility of the modular design of the Platform
enables clients to integrate the capabilities of the Platform with
their own internal capabilities or other third-party solutions. The
Platform brings to the marketplace a highly extensible,
national-scale capability to interconnect with the healthcare
ecosystem on a massive scale, aggregate and analyze data in
petabyte volumes, arrive at sophisticated insights in real-time,
and drive meaningful impact wherever it is analytically identified
best to intervene and intuitively visualize data and information to
inform business strategy and execution.
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company,
provides managed healthcare services under the Medicaid and
Medicare programs and through the state insurance marketplaces.
Through its locally operated health plans, Molina Healthcare served
approximately 4 million members as of September 30, 2018. For more
information about Molina Healthcare, please visit
molinahealthcare.com.
About Inovalon
Inovalon is a leading technology company
providing cloud-based platforms empowering data-driven healthcare.
Through the Inovalon ONE® Platform, Inovalon brings to the
marketplace a national-scale capability to interconnect with the
healthcare ecosystem, aggregate and analyze data in real-time, and
empower the application of resulting insights to drive meaningful
impact at the point of care. Leveraging its platform, unparalleled
proprietary data sets, and industry-leading subject matter
expertise, Inovalon enables better care, efficiency, and financial
performance across the healthcare ecosystem. From health plans and
provider organizations, to pharmaceutical, medical device, and
diagnostics companies, Inovalon's unique achievement of value is
delivered through the effective progression of “Turning Data into
Insight, and Insight into Action®.” Supporting thousands of
clients, including 19 of the top 25 U.S. health plans and 22 of the
top 25 global pharma companies, Inovalon's technology platforms and
analytics are informed by data pertaining to more than 955,000
physicians, 499,000 clinical facilities, 261 million Americans, and
40 billion medical events. For more information, visit
www.inovalon.com.
Contacts:
Inovalon: Kim CollinsPhone: 301-809-4000
x1473
kcollins@inovalon.com
George Price (Investors)Phone: 301-809-4000
x1190gprice@inovalon.com
Molina Healthcare: Laura MurrayPhone:
562-506-9208Laura.murray@molinahealthcare.com
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