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, USMap
Websiteinovalon.com
Employee Ratings2.8More
Overall CultureBMore
View Jobs (82)

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Latest Updates

Employees (est.) (Dec 2019)2,371(+13%)
Job Openings82
Revenue (FY, 2020)$667.5 M(+4%)
Share Price (May 2021)$30.4
Cybersecurity ratingBMore

Key People/Management at Inovalon

Keith R. Dunleavy

Keith R. Dunleavy

Chief Executive Officer and Chairman of the Board
Robert A. Wychulis

Robert A. Wychulis

President
Peter de Bock

Peter de Bock

Chief Administrative Officer
Beverly Allen

Beverly Allen

General Counsel, Chief Compliance and Privacy Officer
Jonathan Boldt

Jonathan Boldt

Chief Financial Officer
Matt Brow

Matt Brow

President & 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
4217 E Cotton Center Blvd #175
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 (3-May-2021)

4.7b

Closing stock price (3-May-2021)

30.4

Cash (31-Dec-2020)

123.9m

EV

5.6b
Inovalon's current market capitalization is $4.7 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
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

117.6m105.5m102.7m123.8m105.0m108.3m110.6m115.9m92.8m152.8m145.8m145.5m157.0m166.5m154.2m162.2m161.4m

Cost of goods sold

33.6m38.4m41.9m43.2m35.4m38.3m37.2m38.4m33.5m39.0m36.4m37.2m41.1m42.9m41.0m36.8m39.6m

Gross profit

84.0m67.1m60.7m80.6m69.6m70.0m73.4m77.4m59.3m113.8m109.4m108.3m115.9m123.5m113.1m125.5m121.8m

Gross profit Margin, %

71%64%59%65%66%65%66%67%64%74%75%74%74%74%73%77%75%
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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
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

793.1m194.4m166.5m126.9m159.8m214.4m147.9m192.0m232.6m410.0m68.0m103.5m119.9m129.9m133.6m182.9m95.6m120.1m

Accounts Receivable

65.6m87.0m93.5m73.2m94.8m79.9m101.6m95.7m83.8m78.4m114.1m110.0m117.4m115.4m127.4m129.1m132.3m130.6m

Prepaid Expenses

5.7m7.5m16.7m21.2m17.1m8.8m13.0m10.9m11.7m14.2m18.0m21.4m20.4m21.3m20.6m24.6m23.0m23.2m

Current Assets

865.0m891.9m848.6m850.1m865.7m813.8m660.6m645.9m625.3m554.7m228.7m257.3m267.1m272.3m287.0m344.6m257.9m287.8m
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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
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

13.8m39.9m50.0m2.4m18.6m26.4m3.6m9.1m17.4m(16.8m)(27.3m)(28.1m)(8.3m)(3.8m)3.1m(1.7m)342.0k1.2m

Depreciation and Amortization

4.9m9.7m15.3m8.4m16.9m25.8m12.5m25.0m38.5m16.4m43.3m69.9m27.0m54.5m81.4m27.9m58.6m86.7m

Accounts Payable

(1.7m)(139.0k)4.9m(2.2m)(7.7m)(5.9m)69.0k5.7m5.7m(1.7m)(10.7m)(5.4m)182.0k2.4m1.5m(2.8m)3.6m4.3m

Cash From Operating Activities

817.0k19.7m44.2m14.3m32.4m68.6m2.3m41.1m80.9m6.9m20.1m63.0m14.8m39.9m72.3m14.1m63.1m109.1m
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Show all financial metrics

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
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Inovalon Acquisitions / Subsidiaries

Company NameDateDeal Size
ABILITY NetworkMarch 07, 2018$1.2 b

Inovalon Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

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Inovalon Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Inovalon Online and Social Media Presence

Inovalon's Trends

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Inovalon Company Culture

  • Overall Culture

    B

    74/100

  • CEO Rating

    B-

    71/100

  • Compensation

    C

    64/100

  • Diversity

    C+

    70/100

Learn more on Comparably

Inovalon News and Updates

May 05, 2021

Inovalon to Present at 16th Annual Needham Technology and Media Conference

BOWIE, Md., May 05, 2021 (GLOBE NEWSWIRE) -- Inovalon (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced that Keith Dunleavy, M.D., chief executive officer and chairman of the board of Inovalon, and Jonathan R. Boldt, chief financial offi…
April 29, 2021

Inovalon Announces 2021 Virtual Investor Day

BOWIE, Md., April 29, 2021 (GLOBE NEWSWIRE) -- Inovalon (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced that it will host a virtual Investor Day on Tuesday, May 18, 2021 beginning at 10 a.m. ET. The virtual Investor Day is expected to …
April 14, 2021

Inovalon Announces First Quarter 2021 Earnings Conference Call

BOWIE, Md., April 14, 2021 (GLOBE NEWSWIRE) -- Inovalon (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced that it will hold a conference call for investors on Wednesday, April 28, 2021, at 5:00 p.m. Eastern Time. During the conference ca…
April 13, 2021

Inovalon Announces Inaugural Sustainability Report

Company Augments Annual Report with Assessment of Environmental, Social, and Governance (ESG) Elements of Sustainability Company Augments Annual Report with Assessment of Environmental, Social, and Governance (ESG) Elements of Sustainability
March 22, 2021

Humana Expands Use of the Inovalon ONE® Platform

Leading National Health Plan to Implement Vaccine Adherence Program Leading National Health Plan to Implement Vaccine Adherence Program
February 08, 2021

AIDS Healthcare Foundation Selects the Inovalon ONE® Platform

World’s Largest Provider of HIV/AIDS Medical Care Will Implement ScriptMed® Cloud to Improve Clinical Outcomes for Patients World’s Largest Provider of HIV/AIDS Medical Care Will Implement ScriptMed® Cloud to Improve Clinical Outcomes for Patients
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Inovalon Blogs

October 31, 2018

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…
October 23, 2018

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…
September 10, 2018

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…
August 01, 2018

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…
July 26, 2018

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…
July 19, 2018

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 Peter de Bock.

  • 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, Taimei Technology and Abacus Insights.

  • 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.