Inovalon

Inovalon

Cloud-based software for healthcare analytics

About

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. The company generates revenue through subscription fees for its software and offers consulting services to help clients maximize their data capabilities. Inovalon's goal is to empower healthcare organizations to use data effectively to achieve better clinical outcomes and operational efficiencies.

Company Stage

IPO

Employees

1,001-5,000

Industries

Consulting, Healthcare

Total Funding

N/A

Headquarters

Bowie, Maryland

Founded

1997


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Simplify's Take

What believers are saying

  • 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.

What critics are saying

  • $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.

What makes Inovalon unique

  • 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.

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Growth & Insights
Headcount

6 month growth

11%

1 year growth

14%

2 year growth

14%

Benefits

Health Insurance

Life Insurance

401(k) Company Match

Paid Vacation

Hybrid Work Options

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