LOUISVILLE, Ky.--(BUSINESS WIRE)--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.
(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.
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.