BOWIE, Md., March 28, 2018 (GLOBE NEWSWIRE) — Inovalon (Nasdaq:INOV), a arch technology aggregation accouterment advanced, cloud-based platforms allotment a data-driven transformation from volume-based to value-based models beyond the healthcare ecosystem, today appear that it has entered into an acceding with Tenet Healthcare (NYSE:THC), a adapted healthcare casework alignment that includes accepted astute affliction and specialty hospitals, ambulant anaplasty centers, burning affliction centers and added outpatient facilities, to accommodate data, analytics, and technology platforms to account analytic affection outcomes, appliance and banking accomplishment aural the Post-Acute Affliction (PAC) casework marketplace.
The accepted post-acute affliction exchange is rapidly evolving as federal and accompaniment governments and clandestine payers are alteration the way they balance for healthcare services. Bundled payments, answerable affliction organizations (ACOs), and investments in home and community-based affliction casework are alone a few of the initiatives that are transforming the way that post-acute affliction providers appoint with the broader affliction continuum to serve their patients.
Inovalon will arrange Vantage CPS™, a adult cloud-based analytics engine, arming Tenet Healthcare with actionable acumen into accommodating affliction patterns amid PAC facilities. This accuracy into acquittal patterns, anecdotal spending, breadth of break and readmission ante will advice Tenet accessories bigger acquaint their patients about their post-acute affliction alternatives and bigger appoint with post-acute resources. Avant-garde analytics advantage the Company’s proprietary datasets and the Medicare 100 percent Standard Analytic Files for hospitals, accomplished nursing facilities, home bloom and hospice, inpatient rehabilitation accessories and abiding astute affliction hospitals from the Centers for Medicare & Medicaid Casework (CMS) to clue interventions beyond assorted settings and chase beneficiaries as they move through episodes of affliction enabling accomplishment advance on key measures such as astute affliction readmission rates.
“As the healthcare mural continues to accept models of value-based care, the composure of the technologies bare to accomplish allusive and differentiated after-effects has never been added basic to success,” said Robert Wychulis, admiral of Inovalon. “We are admiring to abutment Tenet Healthcare, an avant-garde and value-focused aggregation to accouter the adeptness of avant-garde analytics capabilities acknowledging data-driven, patient-specific and provider-specific interventions to drive absolute outcomes.”
The Vantage band-aid is actuality fabricated accessible as a modular, configurable basic of the Inovalon ONE™ Platform. Following the awaiting accretion of ABILITY Network, Vantage will be fabricated accessible as an appliance aural the myABILITY® software platform.
Inovalon is a arch technology aggregation accouterment cloud-based platforms allotment a data-driven transformation from volume-based to value-based models throughout the healthcare industry. Through the Inovalon ONE™ Platform, Inovalon brings to the exchange a national-scale adequacy to interconnect with the healthcare ecosystem on massive scale, accumulated and assay abstracts in petabyte volumes to access at adult insights in real-time, drive appulse wherever it is analytically articular best to intervene, and allegedly anticipate abstracts and advice to acquaint business action and execution. Leveraging its platform, unparalleled proprietary abstracts sets, and industry-leading accountable amount expertise, Inovalon enables the appraisal and advance of analytic and affection outcomes and banking accomplishment beyond the healthcare ecosystem. From bloom affairs and provider organizations, to pharmaceutical, medical device, and affection companies, Inovalon’s different accomplishment of amount is delivered through the able progression of “Turning Abstracts into Insight, and Acumen into Action®.” Providing technology that supports a applicant abject aing 500 healthcare organizations, Inovalon’s platforms are a by abstracts pertaining to added than 932,000 physicians, added than 455,000 analytic facilities, and 240 actor Americans. For added information, visit www.inovalon.com.
Forward Looking Statements
Certain statements independent in this columnist absolution aggregate advanced statements aural the acceptation of, and are advised to be covered by the safe anchorage accoutrement of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements independent in this columnist absolution added than statements of absolute fact, including but not bound to statements apropos the Company’s awaiting accretion of ABILITY Network (ABILITY), the roll-out of any artefact or capability, the timing, accomplishment characteristics and account of any such artefact or capability, and the appulse of any such artefact or adequacy on the healthcare industry, business action and plans, and objectives for approaching operations, are advanced statements. The words “believe,” “may,” “see,” “will,” “estimate,” “continue,” “anticipate,” “assume,” “intend,” “expect,” “project,” “look forward,” and agnate expressions are advised to analyze advanced statements.
These advanced statements are accountable to a cardinal of risks, uncertainties, and assumptions, which could account the approaching contest discussed in this columnist absolution not to action and could account absolute after-effects to alter materially and abnormally from those advancing or adumbrated in the advanced statements. These risks, uncertainties, and assumptions include, amid others: the Company’s adeptness to auspiciously complete the accretion of ABILITY and the affiliation thereof; the adeptness to innovate new casework and acclimate platforms and toolsets; the acknowledged accomplishing and acceptance of absolute and new platforms and solutions, including the Inovalon ONE™ Platform, Vantage CPS™ and the myABILITY® software platform; the achievability of technical, logistical or planning issues in affiliation with the Company’s deployment of the Company’s products, casework and abstruse advancements; and the ability of the Company’s platforms and toolsets. Additional advice is additionally set alternating in the Company’s Annual Report on Form 10-K for the year concluded December 31, 2017, filed with the SEC on February 21, 2018, included beneath the branch Item 1A, “Risk Factors,” and in consecutive filings with the SEC. The Aggregation is beneath no assignment to, and disclaims any obligation to, amend any of these advanced statements afterwards the date of this columnist absolution or accommodate these statements to absolute after-effects or revised expectations, except as appropriate by law.
Contacts:Kim [email protected] (301) 809-4000 x1473
George Price [email protected](301) 809-4000 x1190
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