Inovalon Holdings, Inc.
Inovalon Holdings, Inc. is an American technology company that provides cloud-based platforms and solutions for data-driven healthcare. Its core mission is to empower healthcare organizations to improve clinical outcomes and economics across the healthcare ecosystem. The company's headquarters are located in Bowie, Maryland, U.S..
Inovalon offers a suite of software tools and data-driven solutions, primarily through its Inovalon ONE® Platform. This platform leverages national-scale connectivity, real-time primary source data access, and advanced analytics. Key offerings include solutions for risk score accuracy, data management, medical record audit support, care management, quality measurement, and revenue cycle management. Inovalon serves a broad range of healthcare stakeholders, including payers (health plans), providers (hospitals, clinics), pharmacies, and life sciences companies. The company's data registry, the MORE2 Registry®, contains information from billions of medical events and millions of physicians and patients, enabling comprehensive healthcare analytics.
Inovalon was taken private in November 2021 by an equity consortium led by Nordic Capital, with Insight Partners and 22C Capital as co-investors, in a transaction valued at approximately $7.3 billion. Adam Kansler serves as the Chief Executive Officer. The company continues to focus on advancing healthcare innovation through data and AI-driven solutions, as evidenced by recent announcements such as partnering with eMedicalPractice for revenue performance, earning top rankings for its quality measurement solution, and joining the World Economic Forum to advance global healthcare innovation. Inovalon also launched new AI-powered solutions, including a Clinical Trial Eligibility Screener and Converged Patient Assessment.
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