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Full-Time

Corporate Counsel

Commercial

Posted on 6/12/2024

Inovalon

Inovalon

1,001-5,000 employees

Cloud-based software for healthcare analytics

Data & Analytics
Consulting
Hardware
Enterprise Software
Healthcare

Compensation Overview

$128.6k - $160kAnnually

Senior

Bowie, MD, USA

Category
Contract Management
Legal & Compliance
Required Skills
Sales
Communications
Requirements
  • A minimum of five (5) years’ experience as a practicing attorney with at least two (2) years of experience working at a law firm, corporate legal department or similar organization.
  • Demonstrated experience in commercial contracting or general corporate transactions, including drafting, reviewing, negotiating and advising business partners on complex agreements.
  • Experience with healthcare law, SaaS and/or technology contracts is a plus.
  • Strong written and oral communication skills and the ability to effectively communicate at all levels.
  • Must have ability to handle multiple projects in fast-paced environment and exercise sound commercial and legal judgment.
  • Must have strong analytical, business judgment, and collaboration skills and the ability to effectively communicate with senior management.
  • A self-starter who is detail oriented and able to work independently in a fast-paced and dynamic work environment with minimal supervision.
  • J.D. from an accredited law school and licensed to practice law in any US state or the District of Columbia.
Responsibilities
  • Draft and negotiate a significant volume of sales/revenue contracts for the Company and its affiliated entities;
  • Structure, draft, and negotiate commercial agreements with customers and partners, including technology agreements, professional services agreements, supplier agreements, nondisclosure agreements, and data sharing agreements;
  • Respond to contract related inquiries and provide guidance as a subject matter expert;
  • Identify and evaluate contractual and legal risks of business opportunities and suggest alternatives that lead to optimal solutions;
  • Work cross-functionally with Sales, Finance, and Product teams to ensure that contractual terms are compliant with legal, regulatory, and Company policies and risk preferences;
  • Maintain compliance with Inovalon’s policies, procedures and mission statement;
  • Adhere to all confidentiality and HIPAA requirements as outlined within Inovalon’s Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position; and
  • Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the company.

Inovalon provides cloud-based software solutions that focus on improving data-driven healthcare. Their platform offers advanced analytics and business intelligence tools that assist healthcare organizations, including providers, payers, and pharmaceutical companies, in enhancing patient care and operational efficiency. The platform integrates national-scale connectivity and real-time data access, supporting over 100 solutions for various healthcare operations like revenue cycle management and care quality management. Inovalon generates revenue through subscription fees for its user-friendly software and also offers consulting services to help clients optimize their data usage. The company's goal is to empower healthcare organizations to utilize data effectively to achieve better clinical outcomes and operational efficiencies.

Company Stage

N/A

Total Funding

N/A

Headquarters

Bowie, Maryland

Founded

1997

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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Simplify's Take

What believers are saying

  • Strategic partnerships, such as with MEDITECH, enhance Inovalon's capabilities in revenue cycle management and expand its market reach.
  • Recognition as a Great Place to Work for two consecutive years highlights a positive and supportive work environment.
  • The launch of innovative solutions like InfectionWatch and SDOH Market Insights demonstrates Inovalon's commitment to addressing critical healthcare challenges and improving patient outcomes.

What critics are saying

  • The $50 million fraud lawsuit filed by the AIDS Healthcare Foundation could damage Inovalon's reputation and financial stability.
  • The competitive healthcare technology market requires continuous innovation to maintain a leading position, posing a risk if Inovalon fails to keep pace.

What makes Inovalon unique

  • Inovalon's cloud-based platform integrates national-scale connectivity and real-time data access, setting it apart from competitors with less comprehensive data solutions.
  • The company's focus on data-driven healthcare and advanced analytics provides a competitive edge in optimizing patient care and operational efficiency.
  • Inovalon's extensive range of over 100 solutions tailored for various healthcare operations distinguishes it from more narrowly focused competitors.
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