Inovalon introduces new analysis, merchandise and options to deal with healthcare's most complicated challenges
BOWIE, Md., Nov. four, 2024 (GLOBE NEWSWIRE) — Inovalon, a number one supplier of cloud-based software program options that energy data-driven healthcare, welcomed industry pioneers to the stage at Empower 2024 and visionary executives, sparking significant conversations with leaders from all corners of healthcare. The annual summit, targeted on the intersection of healthcare and expertise, welcomed attendees to Washington, DC, to showcase modern methods to enhance scientific, monetary and operational efficiency.
Kicking off the summit, Keith Dunleavy, MD, CEO and founding father of Inovalon, took attendees on a journey of expertise innovation to spotlight synthetic intelligence, machine studying, and the affect of information in healthcare. Dunleavy shared, “We’ve the chance to enhance healthcare, however we should totally embrace the fast development of expertise and software program sophistication. “We have to be prepared to embrace innovation at a sooner and extra uncomfortable tempo.”
Utility of AI in healthcare, at the moment and tomorrow
Innovation in AI took heart stage at Empower, with many classes illustrating its transformative potential throughout the healthcare ecosystem. Trade leaders Rajesh Viswanathan, CTO at Inovalon, Rahul Pathak, VP of Gen AI and AI/ML GTM at AWS (NASDAQ: AMZN), Vinod Mamtani, VP of AI and Knowledge Science Companies at Oracle Cloud Infrastructure (NYSE: ORCL) and Murali Gandhirajan, CTO of International Healthcare at Snowflake (NYSE: SNOW), shared their views on the place the most important alternatives exist in expertise and their imaginative and prescient for a way AI will develop in the way forward for healthcare . The panel agreed that AI is a robust pressure multiplier poised to personalize care interactions, automate workflows, and speed up drug improvement. However they had been clear: organizations should construct on these advances or threat being left behind, and because the industry embraces rising expertise to assist, enhance and speed up outcomes, those that commit will cleared the path in delivering extra environment friendly care. and stunning.
Modernizing the well being system
Former CDC Director Rochelle Walensky, MD, MPH, joined Inovalon Chief Medical Officer Dr. Paige Killian, MD, on stage at Empower to advocate for knowledge modernization in healthcare techniques and of public well being. Dr. Walensky offered a first-hand perspective on the information challenges the US public well being infrastructure confronted throughout the pandemic and different outbreaks whereas working on the CDC and the difficulties in amassing and integrating massive quantities of information from numerous sources and codecs in a well timed method. He emphasised that to get actionable knowledge earlier than we surpass the height of an outbreak and even the subsequent pandemic, we should educate and upskill the healthcare workforce in knowledge analytics and synthetic intelligence. This emphasis on the position of the healthcare and public well being workforce in knowledge modernization was a recurring theme all through the convention, with all individuals and audio system agreeing fashionable knowledge technique serves as a basis for any profitable public well being, synthetic intelligence or expertise technique.
Maximize real-world proof and use SDOH knowledge to enhance outcomes
An extra theme at Empower was the advantage of unlocking real-world proof (RWE) and social drivers of well being (SDOH) knowledge to create a extra equitable healthcare ecosystem. Whereas scientific trials are important to figuring out the security and effectiveness of medicines, they’re vulnerable to gaps in understanding the affected person expertise and real-world outcomes. Trade consultants together with Christie Teigland, Ph.D., vice chairman of scientific analysis and superior analytics at Inovalon, Todd Sharp, chief technique and transformation officer for healthcare and life sciences at AWS (NASDAQ: AMZN), and Brett Kay, director of medical care. High quality Technique at Johnson & Johnson (NYSE: JNJ), shared methods to activate RWE and SDOH knowledge to help weak and underrepresented populations. With SDOH contributing as much as 80% of well being outcomes, these classes highlighted alternatives to leverage knowledge to shut care gaps and enhance cross-industry collaboration. However first, it was clear that there wanted to be a push to cut back disparate knowledge sources, enhance well being literacy, and actively battle well being disparities to enhance illustration and care throughout the healthcare continuum.
The way forward for patient-centered cell and gene therapies
Cell and gene therapies have reworked the way in which the healthcare industry treats and probably cures widespread and uncommon illnesses. Kim Tedesco, RPh, Chief Working Officer of Walgreens (NASDAQ: WBA) Gene and Cell Remedy Pharmacy, welcomed the primary affected person to obtain a CRISPR cell-based gene remedy remedy for sickle cell anemia to the Empower stage. The affected person advocate defined to attendees her journey of care and remedy whereas residing with this crippling illness all through her childhood and maturity. The session highlighted the miracles of those therapies and the important relationships between pharmacies, suppliers and well being plans wanted to make sure sufferers obtain life-saving therapies.
Advances in Knowledge-Pushed Healthcare: Seven New Software program Options and Function Set Expansions Introduced
In a continued effort to drive growing affect throughout the healthcare continuum, Inovalon launched seven new merchandise and options to assist suppliers, payers, pharmacies and life sciences prioritize data-driven healthcare.
The Eligibility Verification Professional resolution improves income cycle administration by simplifying suppliers' potential to precisely confirm sufferers' insurance coverage protection, cut back declare denials, and enhance money circulation. For well being plans, Inovalon introduced Converged Supplier Enablement to show value and utilization knowledge into actionable insights, Converged Document Evaluation to automate guide medical file critiques and enhance threat scoring accuracy, and Converged Outreach Connectors to supply Safe and seamless member knowledge sharing capabilities. Moreover, the corporate additionally launched a Analysis Community to assist well being techniques and life sciences organizations speed up entry to scientific trials and life-saving therapies. Lastly, Inovalon is increasing ScriptMed's function set and launched the brand new Inovalon Utility Portal to supply prospects with a centralized hub to search out and launch all purposes on the Inovalon ONE® platform.
Extra particulars on the product information will be discovered on the Inovalon web site right here: https://www.inovalon.com/information/inovalon-launches-seven-new-software-solutions-and-feature-set-expansions- to-drive-increasing-impact-across-the-entire-health-care-continuum/.
“Empower 2024 confirmed us that the technological revolution poised to remodel healthcare isn’t many lifetimes away – it’s simply across the nook,” mentioned Eron Kelly, president of Inovalon. “Inovalon is main the transformation of data-driven healthcare. Collectively, with our shoppers and companions, we’re transferring from a reactive and episodic industry to a extra predictive and preventive system the place knowledge, synthetic intelligence and personalization are giving shapes the way forward for healthcare.”
Expertise highlights from Empower 2024 right here: https://www.inovalon.com/empower/.
About Inovalón
Inovalon is a number one supplier of cloud-based SaaS options that energy data-driven healthcare. The Inovalon ONE® platform brings collectively nationwide connectivity, real-time major supply knowledge entry and superior analytics into a complicated cloud-based platform that allows improved outcomes and economics throughout the healthcare ecosystem. The corporate's analytics and capabilities are utilized by practically 20,000 prospects supporting greater than 53,000 care websites and are based mostly on major supply knowledge from greater than 85 billion medical occasions throughout 1.1 million physicians. , 677,000 scientific settings and 395 million distinctive lives. For extra info, go to www.inovalon.com.
Contact: Tom Paolella Senior Director of Press and Analyst Relations, Inovalon Tomás.Paolella@inovalon.com
