Cloud-Based Data Analytics Lends to Better Performance in the Healthcare Landscape

Inovalon is the latest cloud-based data company in the healthcare space to debut on the Nasdaq market.
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Inovalon is the latest cloud-based data company in the healthcare space to debut on the Nasdaq market. CEO, Dr. Keith Dunleavy, tells TheStreet's Jill Malandrino tailwinds for growth are due to people living longer and healthcare and treatment becoming more complex. Innovation and the size of data sets is what allows Inovalon to have competitive advantage and since 98% of the company's platforms are cloud based, implementation is that much quicker. Dunleavy believes it is a good time to go public because the company is already profitable and this allows Inovalon the opportunity to further invest in growth and further expand into other verticals in the U.S. and overseas.