Inovalon’s continued partnership with Snowflake brings primary source data and analytics to the AI Data Cloud
Inovalon, a leading provider of data and solutions empowering data-driven healthcare, announced it is now making its advanced analytics and real-world data (RWD) capabilities available on Snowflake’s AI Data Cloud for Healthcare & Life Sciences. By delivering its industry-leading primary source data to the Snowflake ecosystem, Inovalon gives payers and life sciences organizations using the platform secure access to the data they need to empower more precise, impactful decisions across healthcare.
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Inovalon’s Converged Quality and Converged Risk advanced payer analytics solutions are supported through Snowflake Secure Data Sharing. This gives payers faster, more secure transmission and access to the data they need to improve care quality, manage risk, reduce costs, and boost operational performance. Seamless, near real-time transmission and access to data analytics allows payers to reduce IT overhead, improve collaboration across teams, and accelerate strategies that improve financial performance and patient outcomes. By leveraging Inovalon’s solutions through Snowflake, payers can save four to nine days per data refresh by replacing slow, file-based integrations and transfers with a modernized approach.
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“Making Inovalon’s datasets and analytics available directly through Snowflake means payers no longer have to wait for insights or value,” said Mike Jones, President of Inovalon’s Payer Business Unit. “Our collaboration eliminates the friction of traditional data exchange and allows payers to act immediately on quality, risk, and cost intelligence so they can serve their populations better.”
Life sciences organizations also stand to benefit from secure access to Inovalon’s longitudinal datasets through Snowflake. Customers can easily access large-scale, high-quality RWD that has traditionally been obscured by fragmented systems and complex manual data ingestion processes. Timely access to RWD speeds up clinical trial planning, enables precise patient cohort identification, and supports large-scale health economics and outcomes research (HEOR) studies without the delays of traditional workflows.
“Inovalon and Snowflake share a commitment to breaking down data siloes and making high-quality healthcare data accessible at scale,” said Ed Chidsey, President of Inovalon’s Insights Business Unit. “The availability of Inovalon’s comprehensive primary source dataset on Snowflake’s platform will unlock immense potential for companies across the healthcare and life sciences ecosystem to use Inovalon data to more rapidly advance research activities and achieve better patient outcomes.”
“Healthcare and life sciences organizations are under pressure to act on data faster than ever,” said Jesse Cugliotta, Global Head of Healthcare and Life Sciences at Snowflake. “Our collaboration with Inovalon allows our customers to tap into the largest primary source datasets and sophisticated analytics engines purpose-built for healthcare natively in Snowflake to reduce friction and promote innovation across the industry.”
For more information, visit Inovalon’s Payer or Life Sciences website. Register for Empower, Inovalon’s annual data-driven healthcare summit coming up on November 2-4 in Washington DC, to meet with the Inovalon and Snowflake teams and discuss this new offering.
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Source – businesswire
