About Inovalon
Inovalon is a company based in Bowie (United States) founded in 1998 was acquired by Nordic Capital in August 2021. The company has 334 employees as of April 05, 2024. Inovalon has completed 4 acquisitions, including ABILITY, Avalere Health and ComplexCare Solutions. Inovalon offers products and services including Inovalon ONE® Platform, Data Cloud, Payer Cloud, and Provider Cloud. Inovalon operates in a competitive market with competitors including Change Healthcare, Innovaccer, Zelis Healthcare, HealthEdge and Alegeus, among others.
- Headquarter Bowie, United States
- Employees 334 as on 05 Apr, 2024
- Stage Public
-
Sectors
Healthcare
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Inovalon India Private Limited
- Date of Incorporation 12 Feb, 2022
- Jurisdiction Shaikpet, Telangana, India
-
Annual Revenue
$9.28 M (USD)0as on Mar 31, 2023
-
Net Profit
$894.61 K (USD)0as on Mar 31, 2023
-
EBITDA
$1.21 M (USD)0as on Mar 31, 2023
-
Latest Funding Round
$1.08 B (USD), Debt – Conventional
Apr 19, 2018
-
Investors
Insight Partners
& 2 more
-
Employee Count
334
as on Apr 05, 2024
-
Investments & Acquisitions
ABILITY
& 3 more
-
Acquired by
Nordic Capital
(Aug 19, 2021)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Inovalon
Inovalon offers a comprehensive portfolio of products and services, including Inovalon ONE® Platform, Data Cloud, Payer Cloud, and Provider Cloud.
Cloud-based system for healthcare data integration and advanced analytics
Platform for real-time data exchange in clinical and commercial analytics
Tools for quality measurement and health equity analytics in healthcare
Solutions for claims management and workforce optimization services
People of Inovalon
Unlock access to complete
Unlock access to complete
Sales and Marketing
21 people
Leadership Team
13 people
Software Development Team
8 people
Product Management Team
7 people
Finance and Accounting
7 people
Data Analysis and Operations Team
5 people
Legal and Compliance
4 people
Corporate Team
3 people
Unlock access to complete
Funding Insights of Inovalon
Investors in Inovalon
Inovalon has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Insight Partners, Nordic Capital and 22C Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investment firm scaling software and technology companies from early to late stages.
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked | |
|
Capital and resources are delivered to technology and data-focused companies.
|
Locked | Locked | Locked |
Investor details for Inovalon
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Inovalon
Inovalon has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include ABILITY, Avalere Health and ComplexCare Solutions.
Investment portfolio details for Inovalon
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Care management services
|
Locked | Locked | 2010 | Locked | |
|
Provider of hospital information management system for clinical facilities and life sciences
|
Locked | Locked | 2001 | Locked | |
|
Insurance claims and revenue cycle management solutions insurance industry and healthcare provider
|
Locked | Locked | 2000 | Locked |
Complete acquisition details for Inovalon
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Inovalon
Detailed financials for Inovalon
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Inovalon Comparisons
Peer comparison for Inovalon
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Inovalon
Inovalon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Change Healthcare, Innovaccer, Zelis Healthcare, HealthEdge and Alegeus, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Cloud-based solutions are delivered for healthcare payers, providers, and patients.
|
|
| Locked | Locked | Locked |
Provider of an AI-powered cloud platform for healthcare performance improvement
|
|
| Locked | Locked | Locked |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
|
|
| Locked | Locked | Locked |
Software solutions for healthcare payers are provided.
|
|
| Locked | Locked | Locked |
Healthcare benefits are administered via tax-advantaged account platforms.
|
Detailed competitors of Inovalon
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Inovalon
Complete news archive for Inovalon
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Inovalon
Inovalon was founded in 1998 and raised its 1st funding round 20 years after it was founded.
Inovalon is headquartered in Bowie, United States. It is registered at Bowie, Maryland, United States.
As of Apr 05, 2024, the latest employee count at Inovalon is 334.
Annual revenue of Inovalon is $9.28M as on Mar 31, 2023.
Inovalon was founded in 1998 and is headquartered in Bowie, United States. A cloud-based platform for data analytics is operated, focusing on the healthcare sector. Services for payers encompass quality measurement, reporting, clinical data extraction, risk analytics, and patient assessments. Solutions are also extended to providers, pharmacies, and life sciences, supporting operational and compliance needs across the industry.
Inovalon's top competitors include Change Healthcare, HealthEdge and Innovaccer.
Inovalon offers Inovalon ONE® Platform, Data Cloud, Payer Cloud, and Provider Cloud.
Inovalon has made 4 acquisitions, including ABILITY, Avalere Health, and ComplexCare Solutions.
Inovalon has 3 investors. Key investors include Insight Partners, Nordic Capital, and 22C Capital.