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Press release from PR Newswire

Walgreens and Inovalon Enter Into Strategic Agreement

Thursday, September 19, 2013

Walgreens and Inovalon Enter Into Strategic Agreement

07:00 EDT Thursday, September 19, 2013

Inovalon's Data-Driven Encounter Support Platform to be used in Healthcare Clinic at select Walgreens to Support Improvements in Managed Care Quality and Performance

BOWIE, Md., Sept. 19, 2013 /PRNewswire/ -- Inovalon, Inc., a leading provider of data-driven healthcare solutions, and Walgreens (NYSE: WAG), (Nasdaq: WAG), the nation's largest drugstore chain, today announced that they have entered into a multi-year agreement to provide Inovalon's data-driven encounter support platform, Electronic Patient Assessment Solution Suite (ePASS®) within Healthcare Clinic at select Walgreens to support improvements in managed care quality and performance.

(Logo: http://photos.prnewswire.com/prnh/20120605/MM17779LOGO )

Inovalon's ePASS® platform delivers advanced analytics in healthcare to the point of care, supporting the identification and resolution of gaps in quality, care, assessment, documentation, and risk score accuracy. This results in improved patient outcomes, provider insight, and health plan performance. Leveraging analytical insights derived from the ongoing analysis of more than 7 billion medical events within Inovalon's Medical Outcomes Research for Effectiveness and Economics Registry (MORE2 Registry®), ePASS enables a highly focused, patient-specific encounter to achieve superior benefit and impact for the patient, provider, and health plan.

In partnership with Healthcare Clinics' board-certified family nurse practitioners, laboratory, and immunization resources, health plans working with Inovalon will gain a new level of capability to provide excellent care for their members. Together, the integration of ePASS with Healthcare Clinic at select Walgreens brings an industry-leading capability to achieve data-driven improvements in healthcare to the more than 400 clinic locations across the nation.

"This agreement represents another step in Walgreens ongoing commitment to improving access and bringing innovative solutions to the healthcare marketplace," said Heather Helle, divisional vice president, Healthcare Clinic. "Through this partnership, we'll be able to utilize the power of analytics to provide a higher level of individualized care to our patients, which will ultimately improve the patient experience and outcomes.  We are pleased to be able to leverage Inovalon's data-driven capabilities to help the millions of members get, stay and live well."

"The healthcare landscape is rapidly evolving through the material growth in membership within Medicare Advantage and managed Medicaid health plans in addition to the launch of the Health Insurance Exchange Marketplaces," said Keith Dunleavy, M.D., president and chief executive officer of Inovalon. "Bringing advanced analytics directly to the point-of-care environment is a critical element in achieving meaningful healthcare goals. We are proud to partner with Walgreens to improve healthcare outcomes and promote healthier lifestyles for our client health plan membership populations."

About Walgreens

As the nation's largest drugstore chain with fiscal 2012 sales of $72 billion, Walgreens (www.walgreens.com) vision is to be the first choice in health and daily living for everyone in America, and beyond. Each day, Walgreens provides more than 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. The company operates 8,117 drugstores in all 50 states, the District of Columbia and Puerto Rico. Take Care Health Systems is a Walgreens subsidiary that is the largest and most comprehensive manager of worksite health and wellness centers, medical practices, and in-store convenient care clinics, with more than 700 locations throughout the country.

About Inovalon, Inc.

Inovalon, Inc. is a leading technology-enabled healthcare solutions provider focused on the importance of healthcare data and its ability to drive dramatic, objective improvement in clinical and quality outcomes, care management and financial performance throughout the healthcare community. Proprietary healthcare datasets, aggregation and analysis capabilities, combined with a national infrastructure of leading-edge technology, clinical prowess and deep human resources, empower Inovalon's advanced generation of healthcare assessment and improvement through highly informed solutions. Driven by data, Inovalon uniquely identifies gaps in care, quality, data integrity, and financial performance ­-- while also bringing to bear the resources to resolve them. This differentiating combination provides a powerful capability suite, touching more than 540,000 physicians, 220,000 clinical facilities, and more than 120 million Americans, driving high?value impact, improving the quality and economics for health plans, hospitals, physicians, patients, and researchers. Please visit www.inovalon.com for more information.

 

SOURCE Inovalon, Inc.

For further information: Inovalon, Inc., Jason Z. Rose, 4321 Collington Road, Bowie, Maryland 20716, Phone: 301-809-4000, jrose@inovalon.com; Feinstein Kean Healthcare, on behalf of Inovalon, Inc., Jennifer Cosenza, Phone: 202-729-4074, jennifer.cosenza@fkhealth.com; Walgreens, Jim Cohn, 847-315-2950, Jim.Cohn@walgreens.com

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