Inovalon

Minneapolis, Minnesota, United States

Healthcare Infrastructure Payer InnovationsGrowth/Private Equity

A pharmacy benefit manager (PBM) and integrated pharmacy solutions organization.

Shareable draft

Check out Inovalon on @MedStartr Today A pharmacy benefit manager (PBM) and integrated pharmacy solutions organization. #HealthcareInfrastructure #PayerInnovations #MedMo #MedStartrVentures

https://www.medstartr.ai/s/3NCM1_RGKHI

Get Involved in Inovalon

How We Help

Problem Statement

Inovalon aims to solve the challenges of improving clinical outcomes, enhancing economic efficiency, and addressing gaps in care, quality outcomes, utilization, and financial performance across the healthcare industry.

Core Technology

Inovalon ONE® Platform, which integrates national-scale connectivity, real-time primary source data access, and advanced analytics. Key components include MORE² Registry®, Advanced Analytics and AI, Data Integration and Normalization, SaaS and DaaS Solutions, API Capabilities, and Clinical Data Extraction as a Service (CDEaaS™).

Key Differentiators

National-Scale Data and Connectivity, The Inovalon ONE® Platform, Focus on Outcomes and Economics, Comprehensive Client Base, Real-time Insights and Action, Commitment to Innovation, Data Security.

Clinical Focus

Broadly applicable across the healthcare spectrum to improve outcomes and economics, addressing gaps in care, quality outcomes, and utilization.

Target Customers

Payers (health plans), Providers (hospitals, clinics), Pharmacies, Life sciences companies (pharmaceutical firms, medical device companies).

Product Stage

Mature

Company Info

Business Model: B2B, SaaS, DaaS (Data-as-a-Service). They operate as a leading provider of cloud-based data analytics and data-driven intervention platforms, generating revenue through sales and service contracts with healthcare organizations.
Founded: 2000
Total Funding: Only accessible to MedStartr community members. Join now
Only accessible to MedStartr community members.
Join now
Website: www.inovalon.com/

Technologies

Analytics & BISaaSDaaSAPIData IntegrationCloud-Based SoftwareAI & Machine Learning

🌐Website

MedStartr Engagement Score

Too Big!

The MedStartr Index is a reflection of how the crowds that come to MedStartr everyday to find healthcare innovations reacted. Calculated by our AI agent Fyggy based on algorithms we have been building since 2012 and over 100 different factors, the math is proprietary and complex. Suffice to say, it has been found to be highly correlative with early stage company growth. What you see here is the public version. To learn more or to get deeper access to our predictive data on startup success for your fund or company, click here.

Comments

Comments from new members are shown once the company's team has approved them. Please follow the community rules.

Be the first to comment.

What do you think of Inovalon?

A HUGE part of what early stage companies, and even late stage ones, need and get on MedStartr is honest feedback from actual patients, clinicians, hospital leaders and industry insiders. It is very easy to get tunnel vision as a founder. Please tell the team that runs this company what you think.

Clinical Benefit Potential

The potential for a project to have a large and significant impact on medical care, treatment, or prevention.

Feasibility

The likelihood that this will provide benefit for patients / care givers and that the founders can execute on their vision and plan.

Innovativeness

The distinguishing features, concept, or technology that differentiates the entry compared to others that already exist and are in widespread use.

Fundability

The reviewers' beliefs that the idea is fundable or can make it to sustainability without outside investment.

Scalability

Some great ideas are destined to failure because they are too complex or too expensive. The reviewer should consider the likelihood that a project as explained, or perhaps with some tweaks, could possibly become a worldwide solution within a reasonable time frame.

Presentation Quality

How well the team presented the idea.

Submit anonymously — my name won't be shown to the team or on this profile

Your scores and comments are shown with your review on this company's profile.