Inovalon, a leading provider of cloud-based platforms empowering data-driven healthcare, recently announced a multi-year agreement with Value Specialty Pharmacy, an innovative leader in the pharmaceutical industry, providing a continuum of care and specialty medications across 50 states for thousands of patients.
This engagement will provide cloud-based capabilities delivered through the Inovalon ONE® Platform and will support Value Specialty’s data-driven strategy to improve clinical and quality outcomes and economics for its patients.
Through the Inovalon ONE® Platform, Inovalon brings to the marketplace a national-scale capability to interconnect with the healthcare ecosystem, aggregate and analyze data in real time, and empower the application of resulting insights to drive meaningful impact at the point of care.
Value Specialty Pharmacy was established in 2011 in Duncansville, PA and also operates Restore Rx as a second location in Brunswick, TN. In addition to providing a robust patient experience, Value Specialty facilitates services for hundreds of independent community pharmacies that recognize the importance of becoming a part of the growth of specialty pharmacy.
Inovalon recently announced an expansion of their partnership with Walmart. This new multi-year agreement will provide the retailer access to Inovalon’s industry-leading Data Insights solution enabling an acceleration to a more patient-centric healthcare model through the application of large-scale analyses of aggregated, de-identified data.
Inovalon announced in November 2021 the completion of its acquisition by an equity consortium led by Nordic Capital, and joined by Insight Partners, as lead co-investor, 22C Capital, and Inovalon founder and chief executive officer Keith Dunleavy, M.D. and certain Class B stockholders of Inovalon.
ScriptMed® Cloud is a configuration of the Inovalon ONE® Platform for pharmacy organizations that leverages Inovalon’s deep data, connectivity, analytics, intervention toolsets, business process reporting, and data visualization capabilities optimized for the pharmacy marketplace.
The Platform’s leading capabilities provide a SaaS solution to empower meaningful impact for pharmacy organization clients and the patients they serve by enabling greater operational flexibility, scalability, significant cost efficiencies, improved clinical and quality outcomes, and reduced cost-to-fill and time-to-therapy performance.
Takeaway: Inovalon’s ScriptMed Cloud accelerates speed-to-value to specialty pharmacies working to provide the best treatment solutions possible