This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Leading Health Insurer Chooses Inovalon's HIX Foundation™ Solution

BOWIE, Md., Jan. 17, 2013 /PRNewswire/ -- Inovalon, Inc., a leading provider of data-driven healthcare solutions, today announced Independence Blue Cross (IBC), southeastern Pennsylvania's leading health insurer, will use Inovalon's HIX Foundation™ solution to prepare for operation within the Health Insurance Exchange marketplace.

(Logo: )

Inovalon's HIX Foundation solution provides insight into the key drivers that influence program pricing, sub-segmentation, financial projections, marketing, and overall strategy design for health plans entering state health insurance exchanges. To provide support for health plans, Inovalon applies insights garnered from an extensive clinical dataset of more than six billion medical events, together with state-specific and national experience with disease progression, risk score data accuracy, quality outcomes, and financial performance amongst Medicare, Medicaid, commercial, and uninsured proxy populations. Through a compilation of existing data analyses, predictive analytics, targeted validation sampling, and relative comparative analytics across state and national comparative cohorts, Inovalon enables plans to arrive at a deep understanding of their true risk score and quality rates within their membership base, the relevant uninsured base, and the comparative marketplace in which their exchange offering resides.

"Independence Blue Cross is focused on improving outcomes for patients, lowering health care costs, and providing high quality, affordable health care," said Dan Rachfalski, Vice President of Actuarial Services at Independence Blue Cross. "As we approach 2014, this commitment to our members extends into the exchange marketplace. We look forward to working with Inovalon as we prepare to enter the health insurance exchange marketplace."

"The arrival of Health Insurance Exchanges introduces a new level of complexity to the commercial landscape," said Dan Rizzo, Chief Innovation Officer of Inovalon. "We are highly impressed by IBC's commitment to preparing for the Health Insurance Exchange marketplace and for delivering high-quality and cost-effective options to its members."

About Independence Blue Cross

Independence Blue Cross is a leading health insurer in southeastern Pennsylvania. Nationwide, Independence Blue Cross and its affiliates provide coverage to nearly 3.1 million people. For 74 years, Independence Blue Cross has offered high-quality health care coverage tailored to meet the changing needs of members, employers, and health care professionals. Independence Blue Cross is an independent licensee of the Blue Cross and Blue Shield Association. Visit us at

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs