| Market Capitalization (Millions $) |
5,496 |
| Shares
Outstanding (Millions) |
151 |
| Employees |
3,000 |
| Revenues (TTM) (Millions $) |
750 |
| Net Income (TTM) (Millions $) |
50 |
| Cash Flow (TTM) (Millions $) |
-11 |
| Capital Exp. (TTM) (Millions $) |
40 |
Business Description
Inovalon Holdings Inc. is a healthcare technology company that specializes in cloud-based data analytics and workflow automation solutions. The company was founded in 1998 and is headquartered in Bowie, Maryland.
Inovalon's main mission is to help healthcare organizations improve patient outcomes, reduce costs, and increase efficiency. Their technology solutions are used by over 25,000 partners, including health plans, hospitals, clinics, and government agencies.
The company's main product offerings include:
1. Inovalon ONE Platform: a cloud-based platform that integrates data from various sources, such as claims, clinical, and pharmacy data, to provide a comprehensive view of patient population health.
2. Inovalon Data Diagnostics: an analytics tool that provides real-time insights into healthcare data to identify gaps in care, improve quality measures, and address clinical risk factors.
3. Inovalon Clinical Data Extraction: a data extraction and abstraction tool that enables healthcare organizations to accurately and efficiently extract clinical data from medical records.
4. Inovalon Compliance: a tool that helps healthcare organizations comply with regulatory requirements, such as the Affordable Care Act (ACA) and Meaningful Use.
The company has experienced significant growth in recent years, and currently employs over 3,000 people. In 2020, Inovalon reported a revenue of $684 million, which represented a 10% increase from the previous year.
Inovalon Holdings Inc. is publicly traded on the NASDAQ stock exchange under the ticker symbol "INOV." The company's leadership team is led by Keith Dunleavy, MD, who serves as the company's founder, chairman, and CEO.
Company Address: 4321 Collington Road, Bowie, 20716 MD
Company Phone Number: 809-4000 Stock Exchange / Ticker: NASDAQ INOV
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