Inovalon Clients Realize Significant Increases in CMS Star Ratings Compared to National Average For 5th Year In a Row
Inovalon Holdings, Inc. - Class A (INOV)
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Source: GlobeNewswire
BOWIE, Md., Oct. 23, 2018 (GLOBE NEWSWIRE) -- Inovalon (Nasdaq:INOV), a leading technology company providing advanced, cloud-based platforms empowering data-driven healthcare, today announced that clients utilizing Inovalon’s quality improvement solution suite realized a material positive increase in their Centers for Medicare & Medicaid Services (CMS) Five-Star Quality Ratings when compared to organizations not utilizing Inovalon’s capabilities. Inovalon’s clients outperformed the Medicare Advantage market for the fifth year in a row, realizing an average of a half-star increase in their 2019 Star Ratings. These results reflect data released by CMS on October 10, 2018 pertaining to all Medicare Advantage health plans, which revealed that on a year-over-year basis, Star Ratings scores decreased by 0.39% for the average Medicare Advantage health plan on an enrollment-weighted basis. Removing Inovalon’s clients from the national results reveals an average decline amongst non-Inoval
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