Inovalon ONE Platform Selected by Cardinal Health

Leading Integrated Healthcare Services and Products Company Implements Configuration of ScriptMed Cloud to Apply Data-Driven Advantages to Durable Medical Equipment Pharmacy Market

BOWIE, Md., June 16, 2020 (GLOBE NEWSWIRE) -- Inovalon (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, today announced a five-year engagement with Cardinal Health, Inc. (NYSE: CAH), a global integrated healthcare services and products company, to provide a configuration of Inovalon’s ScriptMed Cloud. The platform will be used to support Cardinal Health’s durable medical equipment (DME) and medical supplies business, which works to provide superior care in the home.

DME, a sub-segment within the pharmacy marketplace, is a uniquely high-value segment of the health care ecosystem that is of increasing importance to payers, pharmaceutical companies, and patients alike. As the number of elderly, chronically ill, and patients with complex care conditions continues to rise in the United States, the DME marketplace is projected to grow from $49 billion in 2019 to more than $79 billion by 2027. The need to support increasingly complex and patient-specific care protocols while focusing on cost efficiency is a meaningful pressure for this rapidly growing market segment. Through the implementation of ScriptMed Cloud, a software-as-a-service (SaaS) cloud offering configured to optimize the unique servicing needs of DME products through the pharmacy benefit, the Inovalon ONE Platform’s connectivity, supplemental clinical data, and process-specific analytics automate otherwise labor-intensive processes, pre-populate relevant clinical data, seamlessly apply appropriate care protocol analytics, and streamline operational process flows – ultimately enabling improvements both in quality of care and operating expense efficiency in large scale.

“As the cost of medication, services and devices required for patient treatment plans in the pharmacy segment continues to expand, the sophistication of the technologies needed to achieve meaningful and differentiated results for patients is also increasing,” said Matt Brow, president and general manager of the pharmacy, life sciences and advisory business units at Inovalon. “We are very pleased to bring the capabilities of ScriptMed Cloud to bear with an industry leader such as Cardinal Health to empower better patient outcomes and economics.”