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Inovalon Holdings, Inc.

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Inovalon Holdings, Inc. provides cloud-based platforms for data-driven healthcare. It operates Inovalon ONE Platform, a cloud-based platform that interconnect with the healthcare ecosystem to aggregate and analyze data in real-time, as well as empowers the application in resulting insights. The company also operates myABILITY software platform, an integrated set of cloud-based applications for providers that offers connectivity, administrative, clinical and quality analysis, management, and performance improvement capabilities to acute, post-acute, and ambulatory point-of-care provider facilities. In addition, it offers advisory, implementation, and support services. The company serves health plans and provider organizations, as well as pharmaceutical, medical device, and diagnostics companies. Its platforms include information of data pertaining to approximately 988,000 physicians; 522,000 clinical facilities; and approximately 314 million individuals and 53 billion medical events.

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3.1

Overall Excellence Rating

Industry

Healthcare

Category

Health Information Technology

ESG/Ethical Impact

Inovalon’s environmental impact is channeled through its commitment to sustainable practices and operational efficiency. By optimizing energy consumption, reducing waste generation, and adopting eco-friendly technologies, the company underscores its dedication to minimizing its carbon footprint. Through responsible resource management and environmentally conscious decision-making, Inovalon aligns its operations with environmental sustainability and contributes to a more eco-friendly future.Inovalon’s social impact revolves around its mission to improve healthcare outcomes and patient experiences. By leveraging technology to enhance healthcare data analytics and insights, the company empowers healthcare professionals to make informed decisions that positively impact patient care. Additionally, Inovalon’s efforts to promote equitable access to healthcare solutions and support underserved communities reflect its commitment to addressing societal disparities and fostering positive social change.Strong governance and ethical practices underpin Inovalon’s operations. The company’s adherence to regulatory compliance, patient data security, and ethical data handling is paramount. Transparent communication with stakeholders about data privacy, regulatory adherence, and ethical conduct demonstrates Inovalon’s commitment to responsible governance, ensuring trust and maintaining ethical standards.Inovalon’s financial sustainability is interwoven with its strategic financial management practices. The company’s judicious allocation of resources to research and development, innovative solutions, and expansion initiatives ensures long-term value creation. By embracing strategic financial planning, Inovalon maintains financial resilience while continuing to drive innovation and growth. Inovalon’s impact is bolstered by its commitment to innovative healthcare technology solutions. The company invests in research and development initiatives that drive advancements in data analytics, insights, and patient care. By developing cutting-edge solutions that enhance healthcare efficiency and effectiveness, Inovalon contributes to improved healthcare outcomes on a broad scale.Inovalon’s commitment to ethical conduct extends to its handling of sensitive patient data. The company places patient data privacy and security as its top priority, ensuring that its technology solutions adhere to stringent data protection standards. By upholding ethical data practices, Inovalon contributes to a responsible and secure healthcare technology ecosystem.

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Awards Received

2023

Revenues

$740,000,000.00

Website Traffic

Employee Rating

3.1

Customer Rating

3.1

Company Size

1000-5000

ESG Risk Rating

3

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