LOUISVILLE, Ky.--(BUSINESS WIRE)--Feb. 18, 2016--
Kindred Healthcare, Inc. (“Kindred” or the “Company”) (NYSE:KND) today
announced a strategic partnership with Inovalon (NASDAQ:INOV), a leading
technology company providing advanced analytics and data-driven insights
to the healthcare industry, and its subsidiary Avalere Health, to create
a unique set of post-acute care benefits management tools and solutions.
The purpose of the partnership is to meet the growing demand among
hospital systems, Accountable Care Organizations and managed care payors
for care management and population health solutions as value and
risk-based payment reforms begin to take hold. The strong relationship
between the organizations will leverage Kindred’s continuum of
post-acute care and growing care management capabilities with Inovalon’s
cloud-based data analytics and Avalere’s expertise in healthcare
strategy to manage the care and costs of patients from hospital to home.
Specifically, Kindred, Inovalon and Avalere will create a unique set of
data-based care management tools designed to risk stratify patients,
help determine the most appropriate post-acute sites of service, develop
evidence-based care pathways and outcomes, and establish cost-effective
pricing models in order to position Kindred as a post-acute care
benefits management partner with payors and hospital systems.
“Over the past several years Kindred has created a robust platform for
integrated care and population health management by expanding our
capacity to deliver the full continuum of post-acute care in local
health care markets throughout the country,” said
Benjamin A. Breier
,
Kindred’s President and Chief Executive Officer. “Kindred’s growing
capabilities in care management further position us as a valuable
partner to manage the care and costs of patients across an episode of
care. Our partnership with Inovalon and Avalere will significantly
advance our efforts to become a post-acute benefits management company
by combining our continuum with the power of Inovalon’s data, analytics
and technology platforms to improve clinical outcomes and patient
satisfaction as we reduce costs on behalf of payors and health systems
alike.”
“Post-acute care is the fastest growing segment of healthcare in the
United States and Kindred is the largest provider of these services,”
said
Keith Dunleavy
, M.D., Chief Executive Officer of Inovalon. “As the
trend toward quality and value-based care models increases, the
importance of data-driven insights has never been more critical to
success. We are excited to be working with Kindred, a leader in the
post-acute care space, to support their goals within this important
healthcare segment.”
About Kindred Healthcare
Kindred Healthcare, Inc., a top-95 private employer in the United
States, is a FORTUNE 500 healthcare services company based in
Louisville, Kentucky with annual revenues of approximately $7.2 billion(1).
At September 30, 2015, Kindred through its subsidiaries had
approximately 102,200 employees providing healthcare services in 2,723
locations in 47 states, including 95 transitional care hospitals, 18
inpatient rehabilitation hospitals, 90 nursing centers, 20 sub-acute
units, 626 Kindred at Home home health, hospice and non-medical home
care sites of service, 101 inpatient rehabilitation units
(hospital-based) and a contract rehabilitation services business,
RehabCare, which served 1,773 non-affiliated sites of service. Ranked as
one of Fortune magazine’s Most Admired Healthcare Companies for six
years, Kindred’s mission is to promote healing, provide hope, preserve
dignity and produce value for each patient, resident, family member,
customer, employee and shareholder we serve. For more information, go to www.kindredhealthcare.com. You can also follow us on Twitter and Facebook.
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(1) Revenues were computed by combining the
twelve months ended December 31, 2014 data for Kindred, Gentiva Health
Services, Inc., which was acquired by the Company on February 2, 2015,
and Centerre Healthcare Corporation, which was acquired by the Company
on January 1, 2015.
About Inovalon
Inovalon is a leading technology company that
combines advanced, cloud-based data analytics, and data-driven
intervention platforms to achieve meaningful insight and impact in
clinical and quality outcomes, utilization, and financial performance
across the healthcare landscape. Inovalon’s unique achievement of value
is delivered through the effective progression of Turning Data into
Insight, and Insight into Action®. Large proprietary
datasets, advanced integration technologies, sophisticated predictive
analytics, data-driven intervention platforms, and deep subject matter
expertise deliver a seamless, end-to-end capability that brings the
benefits of big data and large-scale analytics to the point of care.
Driven by data, Inovalon uniquely identifies gaps in care, quality, data
integrity, and financial performance – while bringing to bear the unique
capabilities to resolve them. Providing technology that supports
hundreds of healthcare organizations in 98.2% of U.S. counties and
Puerto Rico, Inovalon’s cloud-based analytical and data-driven
intervention platforms are informed by data pertaining to more than
777,000 physicians, 266,000 clinical facilities, and more than 127
million Americans. Through these capabilities, and those of its
subsidiary Avalere Health, Inc., which offers data-driven advisory
services and business intelligence to more than 200 pharmaceutical and
life sciences enterprises, Inovalon is able to drive high-value impact,
improving quality and economics for health plans, ACOs, hospitals,
physicians, consumers and pharma/life-sciences researchers. For more
information, visit www.inovalon.com.
Source: Kindred Healthcare, Inc.
Kindred Healthcare, Inc.
Susan E. Moss, 502-596-7296
Senior
Vice President, Marketing and Communications