Inovalon Announces Inaugural Sustainability Report
13 Abril 2021 - 6:55AM
Inovalon (Nasdaq: INOV), a leading provider of cloud-based
platforms empowering data-driven healthcare, today announced that
it has augmented its 2020 Annual Report with the provision of its
inaugural Sustainability Report for the period which includes the
Company’s environmental, social and governance (ESG) priorities.
The report highlights the Company’s mission to enable a more
efficient healthcare ecosystem that benefits individuals, society
as a whole, and the environment.
“At the very core of our mission is the
provision of capabilities that empower greater efficiency and
impact across the healthcare ecosystem,” said Keith Dunleavy, M.D.,
chief executive officer of Inovalon. “Not only is our work
dedicated to the improvement of care and its sustainability for
hundreds of millions of individuals, but we also believe that
meeting our responsibilities to our stakeholders means taking care
of our clients, associates, the communities we operate in, the
environment, and the deeply interconnected world we all call
home.”
As Inovalon continues its path of significant
growth, the Company aims to be proactive in developing and
executing best practices in all areas of significant importance
across the Company. Examples include the building of an
increasingly modern workplace that encourages and celebrates
diversity, equity, and inclusion; the presence of strong governance
and oversight bodies, such as Inovalon’s strong Board of Directors
and associated oversight governance Committees, a Lead Independent
Board Member structure, the Corporate Security Council, and the
Executive Promotion Committee; the Company’s proactive stance on
environmental responsibility; and its long history of supporting
many worthy community programs though financial support and
associate volunteer hours.
Inovalon’s Sustainability Report highlights the
following elements of its focus on achieving and supporting the
goals of a sustainable enterprise:
- Commitment to
Associates: Recognition that success depends in large part
on the ability to recruit, develop and retain a qualified,
productive, and engaged workforce
- Diversity, Equity and
Inclusion: Development and mentoring opportunities to
ensure everyone can be their authentic selves and their voices be
heard
- Rewards and Associate
Engagement: Competitive compensation and benefits package
including incentive compensation tied to both company and
individual performance, parental leave, tuition reimbursement,
professional development reimbursement, retirement benefits, and an
associate discounted stock purchase plan
- Ethical Behavior:
Strict accordance with a Code of Conduct and Ethics that
establishes the way customers, associates, partners, and other
community members are to be treated
- Data Stewardship and
Security: Assurance that all data is secure; there is
transparency into how the data is used, processed, managed and
maintained; and that it is compliant with applicable agreements,
regulations, and laws
- Governance and
Oversight: Implementation of best-practices standards,
charters, and processes to ensure adherence to laws, regulatory
requirements, industry oversight body standards, and the Company’s
Code of Conduct and Ethics
- Commitment to the
Environment: Commitment to the enablement of more
meaningful healthcare interactions to reduce inefficiency,
unnecessary use, waste and associated environmental impact of the
healthcare ecosystem, as well as the Company’s operating and
technology infrastructure impact
The report follows the release of the Company’s
Annual Report earlier this week. To learn more and download the
full report, please visit
www.inovalon.com/about/sustainability.
About Inovalon
Inovalon is a leading provider of cloud-based
platforms empowering data-driven healthcare. 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.
Leveraging its Platform, unparalleled proprietary datasets, and
industry-leading subject matter expertise, Inovalon enables better
care, efficiency, and financial performance across the healthcare
ecosystem. From health plans and provider organizations, to
pharmaceutical, medical device, and diagnostics companies,
Inovalon’s unique achievement of value is delivered through the
effective progression of “Turning Data into Insight, and Insight
into Action®.” Supporting thousands of clients, including all 25 of
the top 25 U.S. health plans, 22 of the top 25 global pharma
companies, 19 of the top 25 U.S. healthcare provider systems, and
many of the leading pharmacy organizations, device manufacturers,
and other healthcare industry constituents, Inovalon’s technology
platforms and analytics are informed by data pertaining to more
than one million physicians, 574,000 clinical facilities, 332
million Americans, and 61 billion medical events. For more
information, visit www.inovalon.com.
Contact:
Kim E. CollinsSenior Vice President, Corporate
Communications kcollins@inovalon.com 301-809-4000 x1473
Hulus AlpayVice President, Investor
Relationshalpay@inovalon.com301-809-4000 x1237
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