Inovalon

OverviewSuggest Edit

Inovalon is a technology company which provides cloud-based platforms to the healthcare industry. Leveraging large-scale data interconnectivity capabilities, large proprietary data sets, advanced analytics, data-driven intervention systems, and deep subject matter expertise, the Company enables the assessment and improvement of clinical and quality outcomes and financial performance across the healthcare ecosystem.

TypePublic
Founded1998
HQBowie, MD, US
Websiteinovalon.com
Employee Ratings2.9
Overall CultureB+

Latest Updates

Employees (est.) (Dec 2019)2,371(+13%)
Job Openings93
Revenue (FY, 2020)$667.5 M(+4%)
Share Price (Nov 2021)$40.8
Cybersecurity ratingCMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Inovalon

Keith R. Dunleavy

Keith R. Dunleavy

Chief Executive Officer
Robert A. Wychulis

Robert A. Wychulis

President
Eron S. Kelly

Eron S. Kelly

President
Beverly Allen

Beverly Allen

General Counsel, Chief Compliance and Privacy Officer
Jonathan Boldt

Jonathan Boldt

Chief Financial Officer
Matt Brow

Matt Brow

President and General Manager, Pharmacy, Life Sciences, and Advisory
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Inovalon Office Locations

Inovalon has offices in Bowie, Boston, Canonsburg, Minneapolis and in 4 other locations
Bowie, MD, US (HQ)
4321 Collington Rd
Boston, MA, US
399 Boylston St #350
Canonsburg, PA, US
275 Technology Dr #200
Minneapolis, MN, US
100 N 6th St #900A
Nashville, TN, US
443 Donelson Pike #200
Phoenix, AZ, US
4645 E Cotton Center Blvd #105
Show all (8)

Inovalon Financials and Metrics

Inovalon Revenue

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Inovalon's revenue was reported to be $667.52 m in FY, 2020
USD

Revenue (FY, 2020)

667.5m

Gross profit (FY, 2020)

499.7m

Gross profit margin (FY, 2020), %

74.9%

Net income (FY, 2020)

22.6m

EBIT (FY, 2020)

71.7m

Market capitalization (12-Nov-2021)

3.1b

Closing stock price (12-Nov-2021)

40.8

Cash (31-Dec-2020)

123.9m

EV

4.0b
Inovalon's current market capitalization is $3.1 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

361.5m437.3m427.6m449.4m527.7m642.4m667.5m

Revenue growth, %

21%(2%)

Cost of goods sold

112.8m146.1m159.2m151.0m144.8m167.8m167.8m

Gross profit

248.8m291.1m268.4m298.3m382.9m474.6m499.7m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

114.0m127.7m208.9m115.6m93.1m123.9m

Accounts Receivable

81.3m85.6m90.1m104.4m139.5m148.0m

Prepaid Expenses

10.4m34.8m20.1m26.5m

Current Assets

844.0m685.9m588.7m272.1m257.2m323.1m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

65.4m66.1m27.1m34.8m(39.2m)7.8m22.6m

Depreciation and Amortization

37.3m52.7m114.9m

Accounts Payable

(3.5m)8.3m(6.0m)10.6m14.7m

Cash From Operating Activities

85.5m67.6m92.8m97.7m90.4m106.5m146.4m
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Inovalon Operating Metrics

Inovalon's Enterprise Customers was reported to be 500 in FY, 2016.
FY, 2016

Clinical Facilities in Database

371 k

Enterprise Customers

500

Individuals in Database

150 m

Physicians in Database

848 k

Inovalon Acquisitions / Subsidiaries

Company NameDateDeal Size
ABILITY NetworkMarch 07, 2018$1.2 b
Amphenol FCI Besancon SA

Inovalon Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Inovalon Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Inovalon Online and Social Media Presence

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Inovalon Company Culture

  • Overall Culture

    B+

    76/100

  • CEO Rating

    B

    73/100

  • Compensation

    C+

    66/100

  • Diversity

    C+

    68/100

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Inovalon News and Updates

CorEvitas, LLC and Inovalon Highlight Data Linkage Efficiencies at ISPOR

Panelists explore how connecting claims and clinical registry data lead to a better understanding of the patient journey WALTHAM, Mass. and BOWIE, Md., May 12, 2022 /PRNewswire/ -- CorEvitas, LLC, the built-for-purpose provider of real-world evidence, and Inovalon, a leading provider of...

American Oncology Network Taps Inovalon to Support Efficient, Reliable Delivery of Oral Oncology Medications

ScriptMed® Cloud will Support Specialty Pharmacy Services and Monitoring of Oral Oncology Medications to Help Improve Clinical and Quality Outcomes for Patients ScriptMed® Cloud will Support Specialty Pharmacy Services and Monitoring of Oral Oncology Medications to Help Improve Clinical and Quality …

Pharmacare Hawaii Selects Inovalon to Ensure Best Clinical Outcomes for Specialty and Infusion Pharmacy Patients

ScriptMed® Cloud Provides Access to Data and Tools to Ease Referral Management and Guide Patient Insight and Intervention to Ensure Safety, Adherence, and Improved Outcomes

Inovalon Launches Registration Assurance Solution for Healthcare Providers

Newest Provider Offering Improves Patient Experience, Registration Speed, and Coverage Accuracy, Reducing Coverage-Related Revenue Losses Newest Provider Offering Improves Patient Experience, Registration Speed, and Coverage Accuracy, Reducing Coverage-Related Revenue Losses

Inovalon Launches Industry’s First Converged Risk Adjustment and Quality Measurement Analytics SaaS Solution

With The Inovalon Converged Solution, Health Plans Can More Efficiently and Effectively Predict and Resolve Comprehensive Care Needs for Members at an Individual, Cohort, or Plan Level With The Inovalon Converged Solution, Health Plans Can More Efficiently and Effectively Predict and Resolve Compreh…

Value Specialty Pharmacy Selects The Inovalon ONE® Platform’s Leading SaaS Capabilities

Innovative Specialty Pharmacy Leader to Implement ScriptMed® Cloud to Improve Clinical Outcomes for Patients
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Inovalon Blogs

Bright Health Selects the Inovalon ONE® Platform

Innovative Health Plan Implements Comprehensive Program Leveraging Data-Driven Insights to Improve Quality and Economic Performance Bowie, Md. – October 31, 2018 – Inovalon (Nasdaq: INOV), a leading technology company providing advanced, cloud-based platforms empowering data-driven healthcare, toda…

Inovalon Clients Realize Significant Increases in CMS Star Ratings Compared to National Average For 5th Year In a Row

Advanced Analytics and Data-Driven Capabilities Powered by the Inovalon ONE® Platform Support Meaningful Quality Outcomes Improvements Bowie, Md. – October 23, 2018 – Inovalon (Nasdaq: INOV), a leading technology company providing advanced, cloud-based platforms empowering data-driven healthcare, t…

How Health Plans Can Ensure a Successful Quality Season in 2019

Inovalon Nearly 75% of Medicare Advantage (MA) enrollees were enrolled in plans rated at 4-Stars or higher in 2018, but the percentage of health plans that received a quality bonus for reaching four or five stars dropped from 49% to 44% — a decrease that may be cause for concern in light of the indu…

Keith R. Dunleavy, M.D.

Chief Executive Officer and Chairman of the Board Dr. Dunleavy has served as Inovalon’s Chief Executive Officer since his organization of the company's predecessor companies in 1998, as Chairman of the board of directors since the creation of the board in 2006, and as President from the Company's fo…

Inovalon Achieves Significant Advancement In Cloud Computing Capabilities

Company Develops and Deploys Highly Elastic Cloud Container Orchestration Engine Bowie, Md. – July 26, 2018 – Inovalon (Nasdaq: INOV), a leading technology company providing advanced, cloud-based platforms empowering data-driven healthcare, today announced that it has successfully developed and dep…

Home

http://www.inovalon.com/sites/default/files/press-releases/2018/alliancerx-walgreens-prime-selects-inovalon-one-platform-specialty-pharmacy.pdf/alliancerx-walgreens-prime-selects-inovalon-one-platform-specialty-pharmacy.pdf https://abilitynetwork.com/…

Inovalon Frequently Asked Questions

  • When was Inovalon founded?

    Inovalon was founded in 1998.

  • Who are Inovalon key executives?

    Inovalon's key executives are Keith R. Dunleavy, Robert A. Wychulis and Eron S. Kelly.

  • How many employees does Inovalon have?

    Inovalon has 2,371 employees.

  • What is Inovalon revenue?

    Latest Inovalon annual revenue is $667.5 m.

  • What is Inovalon revenue per employee?

    Latest Inovalon revenue per employee is $281.5 k.

  • Who are Inovalon competitors?

    Competitors of Inovalon include Springbuk, Trellis Rx and Orion Health.

  • Where is Inovalon headquarters?

    Inovalon headquarters is located at 4321 Collington Rd, Bowie.

  • Where are Inovalon offices?

    Inovalon has offices in Bowie, Boston, Canonsburg, Minneapolis and in 4 other locations.

  • How many offices does Inovalon have?

    Inovalon has 8 offices.