Inovalon Ranked #1 for Provider Revenue Cycle Management and Performance Analytics Software by Black Book Research

BOWIE, Md.- September 26, 2024 - Inovalon, a leading provider of cloud-based software solutions empowering data-driven healthcare, announced today that it earned the #1 rank in the 2024 Black Book Provider Enterprise RCM Analytics Solutions survey. The company proudly earned top ratings across 12 key performance indicators, including innovation, breadth of offerings, trust, and best of breed technology and process improvement. Nearly 1,000 provider organizations were involved with the survey that placed Inovalon ahead of all other data analytics providers including Change Healthcare, MedeAnalytics, Arcadia, Epic Cognito, Health Catalyst, and FinThrive.

Inovalon's Provider Cloud solutions, powered by the Inovalon ONE® Platform, provide data-driven workflows and analytics that more than 53,000 provider sites of care rely on to improve healthcare outcomes, achieve greater operational efficiencies, and receive more accurate, timely reimbursements.

As part of its Revenue Cycle Management software suite, Inovalon's RCM Intelligence solution stands out for enabling revenue cycle managers and other decision-makers to seamlessly discover, predict, and benchmark claims, remittance, and workflow data in one end-to-end application. The solution's actionable insights pinpoint the root causes of reimbursement delays and claims denials, ultimately helping healthcare organizations reduce days in accounts receivable and boost cash flow.

"Having action-oriented intelligence and analytics about your revenue cycle performance provides the key insights behind claims and remittance data necessary to sustain financial stability and growth while delivering excellent patient care," said Julie Lambert, President and General Manager of Inovalon's Provider Business Unit. "Achieving this recognition from Black Book underscores our commitment to helping healthcare organizations across the care continuum improve economic performance and patient outcomes."

The 2024 Black Book Revenue Cycle Management Analytics Survey gathered insights from 2,115 users across 977 provider organizations from Q3 2023 to Q3 2024 to evaluate nearly 50 analytics solutions, technology, managed services, and SaaS suppliers as individual offerings or bundled arrangements.

"Inovalon continues to demonstrate its ability to deliver enterprise-wide analytics solutions across the provider and payer markets that provide efficiency and financial gains for their customers," said Doug Brown, managing partner of Black Book. "Inovalon's RCM Intelligence product, part of their RCM solution suite, can empower providers to turn insights into action to help them identify solutions, rather than problems, to maximize efficiency."

To download the full report, please visit: https://www.inovalon.com/rcm-rank. To learn more about Inovalon's RCM Intelligence solution, please visit: https://www.inovalon.com/rcm-analytics.

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 nearly 20,000 customers supporting over 53,000 sites of care, and are informed by the primary source data of more than 85 billion medical events across 1.1 million physicians, 675,000 clinical settings, and 394 million unique lives. For more information, visit www.inovalon.com.

About Black Book
Black Book™, along with its founders, management, and staff, maintains no financial interest in any vendors included in its surveys, such as Inovalon. The organization publishes the results of satisfaction and client experience rankings and shares them with the media before notifying vendors. It does not solicit participation fees, review fees, inclusion or briefing charges, or vendor collaboration during its polls. Since 2000, Black Book™ has surveyed vendor satisfaction across over 30 industries globally in the software, technology, and managed services sectors. In 2009, Black Book began polling over two million healthcare software and services users to gauge client experience. It has built a reputation for independent, unbiased, crowd-sourced surveys among IT and health records professionals, CFOs, medical officers, physician practice administrators, nurses, financial leaders, executives, and hospital IT managers. The 2024 payer IT client experience polls were conducted over seven months through multiple research events.

Tom Paolella
Sr. Director, Press and Analyst Relations, Inovalon
[email protected]