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SOURCE Inovalon, Inc.
Technology Innovation Joins Health Plan and Physician Initiatives through the Electronic Health Record Platform to Improve Quality, Outcomes and Financial Performance in the Clinical Environment
BOWIE, Md., Jan. 17, 2014 /PRNewswire/ -- Inovalon, Inc., a leading technology company providing advanced analytics and data-driven solutions to the healthcare industry, today announced that NextGen Healthcare Information Systems, LLC, a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII) and a leading provider of healthcare information systems and connectivity solutions, has entered into a multi-year engagement to integrate Inovalon's advanced healthcare data analytics with NextGen® Share, an interoperability platform that allows providers to safely, securely, accurately and quickly exchange clinical data and provide referrals without leaving their Electronic Health Record (EHR) system, further enabling improvements in clinical and quality outcomes, and financial performance.
Inovalon's partnership with NextGen Healthcare creates interoperability that efficiently automates medical record data extraction without burden to any onsite clinical resources. Utilizing the latest in interoperability standards and transport mechanisms, NextGen Share will provide Inovalon a mechanism whereby structured and unstructured data may be analyzed for all participating NextGen Healthcare clients. Powered by Inovalon's big data analytics leveraging 8.3 billion medical events within its Medical Outcomes Research for Efficiency and Effectiveness Registry (MORE2 Registry®), interoperability with NextGen® Share enables more rapid value creation through the resolution of care, quality, utilization, and disease status accuracy gaps.
As capitated managed care continues to expand its membership through Medicare Advantage, Accountable Care Organizations (ACOs), managed Medicaid, and now the commercial Health Insurance Exchange (HIX), health plans are seeking a more efficient physician collaboration model to advance quality and risk score accuracy initiatives. Enabled by technological innovation, clinical healthcare data can more efficiently be abstracted and analyzed, and patient-specific healthcare gaps can be integrated directly into the physician's workflow through their Electronic Health Record (EHR).
"This partnership empowers a valuable capability for NextGen Healthcare users, the health plans with which they work and the patients that they serve," said Michael Lovett, executive vice president and general manager for NextGen Healthcare. "By leveraging Inovalon's advanced quality improvement and risk score accuracy analytics, we can provide our clients with the tools necessary to deliver more efficient and effective care."
"To succeed in today's value-based healthcare environment, both payers and providers must have a highly informed understanding of their patients' needs, so they may direct attention and resources appropriately to address gaps in quality and improve performance," said Dan Rizzo, chief innovation officer at Inovalon. "The combination of our analytics with NextGen Healthcare's EHR platform allows us to better support providers and the payers. We are pleased to be working with NextGen Healthcare and provide access to the healthcare insights and capabilities needed to improve patient care and further enhance their EHR platform for clinicians across the country."
About NextGen Healthcare and NextGen Share
NextGen Healthcare Information Systems, LLC, a wholly owned subsidiary of Quality Systems Inc. (NASDAQ: QSII) provides integrated clinical, financial and interoperability solutions for delivering accountable, coordinated care, managing population health and making evidence-based clinical decisions; all important elements of healthcare reform initiatives. NextGen Share is the interoperability platform built upon the integration of solutions from NextGen Healthcare and Mirth Corporation, a leader in health information technology, acquired by Quality Systems in September 2013. For more information, please visit www.nextgen.com and www.qsii.com. Follow NextGen on Twitter at www.twitter.com/nextgen, Facebook at www.facebook.com/NextGenHealthcare or LinkedIn at www.linkedin.com/company/nextgen-healthcare-information-systems.
About Inovalon, Inc.
Inovalon is a leading technology company that combines advanced data analytics with highly targeted interventions to achieve meaningful impact in clinical and quality outcomes, utilization, and financial performance across the healthcare landscape. Inovalon's unique achievement of value is delivered through the effective progression of Turning Data into Insight, and Insight into Action®. Large proprietary datasets, advanced integration technologies, sophisticated predictive analytics, and deep subject matter expertise deliver a seamless, end-to-end platform of technology and nationwide operations that bring the benefits of big data and large-scale analytics to the point of care. Driven by data, Inovalon uniquely identifies gaps in care, quality, data integrity, and financial performance – while also bringing to bear the unique capabilities to resolve them. Touching more than 540,000 physicians, 220,000 clinical facilities, and more than 140 million Americans, this differentiating combination provides a powerful solution suite that drives high-value impact, improving quality and economics for health plans, ACOs, hospitals, physicians, patients, and researchers. Please visit www.inovalon.com for more information.
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