BOWIE, Md., Dec. 10, 2013 /PRNewswire/ -- Inovalon, Inc., a leading provider of data-driven healthcare solutions, today announced that NeoDeck Holdings, a Puerto Rico based Electronic Health Record (EHR) and Health Information Exchange (HIE) provider, has entered into a multi-year engagement to integrate Inovalon's advanced healthcare data analytics with NeoDeck Holdings' EHR platform, NeoMed EHR 3.0, and HIE platform, Clinical Vault, to improve clinical and quality outcomes, and financial performance in Puerto Rico.
With this agreement, Inovalon will interconnect its advanced quality improvement and risk score accuracy analytics within NeoDeck Holdings' EHR Platform NeoMed and HIE Platform Clinical Vault, improving the speed and workflow efficiency of data exchanges within the medical record environment that exists amongst payers and providers in Puerto Rico. With the addition of this partnership, Inovalon expands its leadership in bringing data and advanced analytics to the point of care, expanding the power of leading EHR and HIE platforms, further empowering payers and providers in the improvement of clinical and quality outcomes and financial performance.
"The integration of health data and analytics across the continuum of care is essential for enabling the delivery of high-quality, patient-centered medicine," said Federico Garcia, President and Chief Executive Officer of NeoDeck Holdings Corp. "Our strategic partnership with Inovalon builds upon our electronic health record and health information exchange platforms by integrating advanced analytics capabilities seamlessly into the clinical workflow providing the essential tools and accurate data to drive quality and care improvements and reduce costs in the system."
"Data-driven platforms have become increasingly vital for all segments of the industry as complex managed-care program environments expand," said Carlos Carrero, President and Chief Executive Officer of Socios Mayores en Salud, Inc. (AHM and Triple-S Salud Medicare Advantage Products). "Our collaboration with Inovalon provides valuable insight and improvement capabilities to deliver more efficient and effective care."
"Access to data and the benefits of analytics are driving significant changes at the point of care," said Keith Dunleavy, M.D., President and Chief Executive Officer of Inovalon. "This partnership with NeoDeck Holdings gives health plans, hospitals, and providers a significant advantage towards achieving improved quality and financial efficiency to the healthcare landscape. We are pleased to be working with NeoDeck Holdings to provide advanced technologies for the entire healthcare community across Puerto Rico."
The combination of thousands of disease, diagnosis, treatment, and care considerations together with the expanding complexity of regulatory oversight, quality measurement requirements, reimbursement models, and healthcare organization structures has resulted in a significant increase in burden within the healthcare landscape. Today, providers and payers alike must maintain extensive resources and subject matter expertise in an effort to comply, let alone excel, in the current environment. Additionally, in order to substantiate performance and regulatory adherence with such programs as NCQA HEDIS® quality performance measurement, the CMS Five-Star Quality Rating program, and other federal and state-based risk score accuracy programs, providers and payers must support extensive medical record review initiatives.
About NeoDeck Holdings
NeoDeck Holdings Corp. is an HIT development company established in Ponce, Puerto Rico since 2002. The vast experience accumulated during this time has contributed favorably to the design and evolution of its proprietary Electronic Health Record (EHR) Software Package, NeoMed EHR 3.0 and a robust HIE Platform and other related services.
NeoMed EHR 3.0 was approved by Triple-S as one of the Electronic Health Record applications for incentives from Triple-S Mi Salud. NeoMed meets contractual ASES requirements with Triple-S, following the approval protocol from Triple-S Salud. This allows users of NeoMed EHR 3.0 be eligible for the incentive payments for the use and data transmission through approved EHR.
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 140 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.
SOURCE Inovalon, Inc.