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Alterwood Advantage Selects Inovalon's Converged Solution Suite to Drive Superior Quality Measurement and Risk Adjustment Accuracy

1. Inovalon partners with Alterwood Advantage to enhance Medicare Advantage care. 2. Alterwood serves 9,000 members, improving care through data-driven solutions. 3. The Converged solution suite accelerates data analysis and care gap closure. 4. Over 100 health plans use Inovalon's integrated SaaS solutions for efficiency. 5. Inovalon's platform optimizes engagement and outcomes for Medicare beneficiaries.

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Why Bullish?

The partnership could enhance INOV's market position, reflecting past successful collaborations.

How important is it?

The partnership signifies growth potential and reinforces Inovalon's value in healthcare.

Why Long Term?

Sustained use of Inovalon's solutions by health plans can drive continuous growth.

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ALTERWOODCMS
BOWIE, Md.--(BUSINESS WIRE)--Inovalon, a leading provider of cloud-based software solutions empowering data-driven healthcare, today announced that Alterwood Advantage, a Maryland-based Medicare Advantage health plan, has selected Inovalon’s Converged solution suite for payers to address member gaps in care for both quality measurement and risk adjustment. Alterwood Advantage serves approximately 9,000 Medicare Advantage members across Maryland and aims to deliver high-quality, efficient healthcare tailored to its members' needs. By adopting Inovalon’s Converged integrated SaaS solutions, including Converged Quality, Converged Risk, and Electronic Record On Demand, Alterwood Advantage is transforming its approach to care gap identification and closure. With Inovalon’s Converged Risk and Quality solutions, Alterwood Advantage gains a comprehensive view of its member population for personalized engagement and interventions that maximize clinical and financial impact. The seamless integration of quality and risk initiatives eliminates manual processes, reduces abrasion, enhances member engagement, and positions Alterwood to meet the evolving demands of its member population today and into the future. “At Alterwood Advantage, our mission is to optimize member health and well-being,” said Jill Bavis, Chief Health and Quality Officer at Alterwood Advantage. “By partnering with Inovalon we are realizing the potential of data-driven healthcare to close quality and risk gaps across our member population in order to help them live healthier lives." The Converged solution suite will provide comprehensive analysis, process coordination, real-time data analytics, 3-5x faster data processing compared to the industry average, and streamlined reporting, providing Alterwood Advantage with the insights needed to drive more impactful interventions and outcomes – more quickly, holistically, and more efficiently than ever before. “Our partnership with Alterwood Advantage exemplifies the value of having an integrated quality and risk strategy to address the advanced care needs of today's Medicare beneficiaries,” said Mike Jones, President and General Manager of Payer at Inovalon. “Having Inovalon's cloud-based platform helps health plans like Alterwood Advantage deliver superior outcomes while improving efficiency and reducing cost." Inovalon’s Converged solution suite of pure SaaS solutions is used by over 100 health plans, including 23 of the top 25 in the United States, to simplify implementation, accelerate program impact, and eliminate the need for costly disparate integrations and vendor management. Learn more at www.inovalon.com/products/payer-cloud. About Inovalon Inovalon is a leading provider of cloud-based SaaS solutions empowering data-driven healthcare. The Inovalon ONE® Platform brings together national-scale connectivity, real-time primary source data access, and advanced analytics into a sophisticated cloud-based platform empowering improved outcomes and economics across the healthcare ecosystem. The company’s analytics and capabilities are used by over 50,000 active, licensed customers, and are informed by the primary source data of more than 87 billion medical events across 1.1 million physicians, 686,000 clinical settings, and 398 million unique lives. For more information, visit www.inovalon.com.

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