Inovalon Holdings, Inc. (INOV, Financial) is a health care data and analytics company that did a public offering in the first quarter. We added to shares after visiting the company at their headquarters. The company has built a proprietary data set of 9.2 billion medical events collected from 120 million unique patients. The data is used to power Inovalon’s suite of advanced analytics, which help insurers identify gaps in care, quality, data integrity and financial performance. Clients can act on these analytical insights by leveraging Inovalon’s platforms to improve clinical and quality outcomes, as well as financial performance. Inovalon’s growth is being driven by powerful secular drivers, most notably the urgent national need to reduce health care cost inflation and the evolution of our health care system to value-based delivery from consumption-based delivery.
From Baron Funds’ second quarter 2015 commentary.
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