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William J. Teuber Jr. Joins Inovalon Board Of Directors

Prior to becoming CFO, Mr. Teuber was Vice President and Corporate Controller. He joined EMC in 1995 from Coopers & Lybrand L.L.P. where he was a partner in the firm's Audit and Financial Advisory Services practice.

In addition to his role on the Board of Directors of Inovalon, Inc., Mr. Teuber is also a member of the Board of Directors of Popular, Inc., a diversified financial services company that includes Banco Popular as a holding. He is also a Trustee of the College of the Holy Cross. He holds an MBA degree from Babson College, a Master of Science in Taxation from Bentley College, and a Bachelor's degree from Holy Cross.

Retirement of Richard W. Lasch from the Board of Directors

William Teuber, Jr. will be taking the Board of Directors seat made available as a result of the retirement of Richard W. Lasch from Inovalon's Board. Mr. Lasch served in this role since the Board's formation, and continued to do so after his retirement from day-to-day operations in June of 2010. During his long and highly valued tenure with Inovalon and its predecessor organizations, Mr. Lasch contributed greatly to the growth and development of the organization with multiple key roles such as the founding of the medical record review division, serving as the division's president and CEO, and later in multiple executive positions involved in client services, HEDIS operations, and the Company's broader business development and strategy initiatives.

"Rick has contributed in many ways to the development, growth, and success of Inovalon," said Keith Dunleavy, M.D., President, CEO, and Chairman of Inovalon. "I am truly grateful for all that Rick has done to help make Inovalon what it is today. He has contributed his time, insights, and support as a leader, colleague, friend and Board Member. I am very fortunate to have had his help for all of these years."

About Inovalon, Inc.

Inovalon, Inc. is a leading technology-enabled healthcare solutions provider focused on the importance of healthcare data and its ability to drive dramatic, objective improvement in clinical and quality outcomes, care management and financial performance throughout the healthcare community. Proprietary healthcare datasets, aggregation and analysis capabilities, combined with a national infrastructure of leading-edge technology, clinical prowess and deep human resources, empower Inovalon's advanced generation of healthcare assessment and improvement through highly informed solutions. Driven by data, Inovalon uniquely identifies gaps in care, quality, data integrity, and financial performance ­— while also bringing to bear the resources to resolve them. This differentiating combination provides a powerful capability suite, touching more than 540,000 physicians, 220,000 clinical facilities, and more than 120 million Americans, driving high‐value impact, improving the quality and economics for health plans, hospitals, physicians, patients, and researchers. Please visit www.inovalon.com for more information.

 

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