BOWIE, Md., April 10, 2014 /PRNewswire/ -- Inovalon, Inc., a leading technology company providing advanced analytics and data-driven solutions to the healthcare industry, today announced the acceleration of big data processing empowering Healthcare Effectiveness Data and Information Set (HEDIS ® ) measurement and reporting through parallel processing, responsive scalability, and seamless data integration. As a result, Inovalon clients will see dramatically reduced cycle times allowing for complex measure calculations at speeds not seen before by the industry.
In partnership with leading health plans across the United States and Puerto Rico, Inovalon covers more than 950 National Committee for Quality Assurance (NCQA) Interactive Data Submission System (IDSS) and regulatory submissions, encompassing more than 60% of the nation's outsourced quality measurement and reporting. QSI ® -XL, Inovalon's HEDIS Advantage ™ platform, provides data loads at unparalleled speeds to support prompt project start, big data analytics to inform HEDIS measurement flowcharts, and accelerated processing power.
With the rising role of clinical and quality outcomes in Medicare Advantage, managed Medicaid, the commercial Health Insurance Exchange (HIX) Marketplace, and accountable care organizations (ACOs), sophisticated capabilities in analytical platforms have become critical within the healthcare landscape. From health plans and regulatory organizations, to provider groups and employers, the ability to efficiently and rapidly integrate and analyze large population sets of clinical and quality outcomes data has become critical. Adding predictive analytics and advanced reporting capabilities has materially increased the compute sophistication demand within these platforms. Applying these capabilities in reporting and predictive fashion in near-real time adds a level of functionality that now allows healthcare organizations to not only measure and report on quality, but proactively and predictably improve it with a strong eye on intervention effectiveness, accountability, and efficacy. The advancements in data aggregation, compute power, and reporting is changing how healthcare operates.