Inovalon Holdings Inc.

11/12/2024 | Press release | Distributed by Public on 11/12/2024 17:47

Unlocking Innovation at Empower 2024: The Future of Healthcare Awaits

What happens when the brightest minds in healthcare, technology, data analytics, and innovation gather to shape the future of patient care? The result is Inovalon Empower 2024 - a conference that delivered powerful insights, inspired collaboration, and unveiled groundbreaking software solutions to drive healthcare's transformation. Held October 27-29 in the heart of Washington, D.C., this year's annual data-driven summit brought together over 400 attendees from across the care continuum to share knowledge, explore the latest technologies, and celebrate healthcare pioneers making a real-world impact.

In this recap, we highlight the transformative keynote presentations, the inaugural Inovalon Impact Awards ceremony, and exciting new product announcements. Plus, we share some memorable moments that made this year's conference truly unforgettable.

Powerful keynotes and inspiring insights: Embracing innovation and collaboration across the ecosystem

Day 1 Highlights:

Inovalon CEO and Founder, Dr. Keith Dunleavy, set the tone with a compelling keynote on AI's potential in healthcare. Tracing technological advancements from the first computer to AI models like GPT-4, Dr. Dunleavy challenged attendees to embrace innovation, saying, "We have an opportunity to make healthcare better, but we need to fully embrace the rapid progression of software sophistication and technology. As the shepherds of healthcare, we need to be willing to take on innovation at a faster, more uncomfortable pace."

Watch the full keynote address from Keith Dunleavy, M.D., CEO & Founder, Inovalon.

Former CDC Director Rochelle Walensky, M.D., MPH, joined Inovalon's Chief Medical Officer, Paige Kilian, M.D., to advocate for data modernization in healthcare and public health. She emphasized that educating and upskilling the healthcare workforce in data analysis and AI is essential to obtaining actionable data during critical times like outbreaks or pandemics, as she experienced first-hand during the COVID-19 pandemic. This focus on workforce readiness and data was a key theme throughout the conference.

Adding a powerful personal story, retired U.S. Army Staff Sergeant Travis Mills shared his journey of resilience after surviving a quadruple amputation. His talk reminded attendees that, just as in healthcare, overcoming obstacles requires determination, adaptability, and the belief that every setback can be an opportunity for growth.

Day 2 Highlights:

AI innovation took center stage on the second day, with sessions showcasing its transformative potential across the healthcare ecosystem. Inovalon's CTO, Rajesh Viswanathan, provided an "under the hood" look at the Inovalon ONE® Platform, which unifies fragmented patient data to deliver a comprehensive view of the patient journey. Attendees saw firsthand how Inovalon's newest AI tools are helping organizations streamline operations, improve accuracy, and enhance patient care.

Watch the full keynote address from Rajesh Viswanathan, CTO, Inovalon.

Following his keynote, Viswanathan joined a panel with industry leaders, including Rahul Pathak of AWS (NASDAQ: AMZN), Vinod Mamtani of Oracle Cloud Infrastructure (NYSE: ORCL), and Murali Gandhirajan of Snowflake (NYSE: SNOW). The panel discussed the future of AI in healthcare, agreeing that AI is poised to personalize care interactions, automate workflows, and accelerate drug development. Their message was clear: healthcare organizations must embrace these advancements or risk being left behind.

Inovalon's President Eron Kelly concluded Empower's keynote lineup with a vision of data-driven healthcare over the next five years, where expanded data lakes, AI, and personalization will drive more patient-centric care and better outcomes. His message further underscored that data and AI are essential to the future of healthcare.

Watch the full keynote address from Eron Kelly, President, Inovalon.

Engaging, informative thought leadership with real-world impact

Beyond the keynotes, Empower 2024 featured four session tracks focused on healthcare transformation. Attendees explored sessions on data-driven insights, interconnected systems, scalable innovation, and patient-centered care. Highlights included:

  • The role of advanced analytics, real-world data, and AI in reshaping provider and life sciences collaboration to improve patient outcomes and operational efficiency
  • Enhancing patient access through seamless data sharing between providers, payers, and pharmacies, while bolstering cybersecurity
  • Addressing healthcare modernization challenges and showcasing technology's support for regulatory decisions, market intelligence, and financial sustainability
  • Practical solutions to improve patient satisfaction and safety through personalized care, workforce support, and inclusive clinical practices

Together, these sessions provided a comprehensive view of how data, technology, and collaboration across the care continuum are essential for navigating healthcare's evolving landscape.

Celebrating excellence: The Inovalon Impact Awards

On the final day of Empower, Inovalon celebrated its 2024 Impact Awards winners, recognizing outstanding achievements in data-driven healthcare. The awards honored leaders in three categories:

  • Data Dream Team: Awarded to Health Care Service Corporation (HCSC) for transforming data processes to support Medicare Advantage care
  • Collective Excellence: Awarded to Walgreens for advancing gene and cell therapies, and Inspira Health's Network Opioid Stewardship Committee for optimizing opioid prescribing practices
  • Innovator of the Year: Awarded to Karen Knight of Face Rock Enterprises for empowering Tribal health organizations with innovative financial strategies

Each award included a charitable donation, amplifying the positive impact on healthcare transformation.

New Inovalon products announced during Empower 2024

Inovalon unveiled seven new software solutions and feature expansions to enhance data-driven healthcare for providers, payers, pharmacies, and life sciences organizations. Key innovations include:

Inovalon also launched a Research Network to simplify clinical trial recruitment and expanded ScriptMed® capabilities to optimize pharmacy operations. The Inovalon Application Portal was introduced as a unified hub for accessing all Inovalon solutions with enhanced security. These solutions reflect Inovalon's commitment to advancing affordable, high-quality care through technology and data connectivity.

Unique opportunities to network with peers and give back

The conference program offered attendees eight unique networking opportunities to engage with peers and industry leaders while enjoying fun activities and giving back to the local community. During the Welcome Reception on Sunday evening, attendees took turns stuffing backpacks to be distributed by the Light House Homeless Prevention Support Center, in recognition of National Homelessness Awareness Month. Attendees also had a chance between sessions to meet adorable pets during a 'Puppy Break' sponsored by Snowflake, in partnership with the Wolf Trap Animal Rescue; and enjoy an Espresso Bar each morning of the conference, sponsored by AWS.

Relive this year's top moments

Empower 2024 wasn't just another conference - it was a milestone event uniting leaders across the continuum of care at the intersection of healthcare and technology.

If you missed this year's conference, visit the Empower 2024 website to view select session recordings and explore the photo gallery.

Inovalon and design®, Inovalon®, and the Inovalon ONE® Platform are trademarks of Inovalon, Inc.