Inovalon Announces Availability of ScriptMed® Cloud Infusion Management | News
BOWIE, Md., March 10, 2022 (GLOBE NEWSWIRE) — Inovalon, a leading provider of cloud-based platforms enabling data-driven healthcare, today announced the launch of ScriptMed Cloud Infusion Management. Powered by the Inovalon ONE® platform, this specialty pharmacy module brings to market the industry’s most advanced infusion management functionality, dramatically improving cost effectiveness, patient experience and clinical outcomes associated with infusion operations in pharmacy.
Currently estimated at around $25 billion per year and expected to reach $45 billion by 2028, the global home infusion therapy market is quite unique in its requirements for complex qualification, management, administration and clinical care of patients. Leveraging ScriptMed Cloud data, connectivity, analytics, and purpose-built features, the infusion management module provides a customizable workflow that simplifies the many time-consuming steps that pharmacies must complete today, including including referral management, coverage verification, patient onboarding, point of care transitions, personalized medication compounding, dispensing, clinical management, reporting, etc.
Combined with Inovalon’s DataStream™ API and broader ScriptMed Cloud offering, the Infusion Management Module unlocks a new era of cost effectiveness and care outcomes for infusion medicine operators. The infusion clinician is now able to access and utilize real-time patient-specific longitudinal data that would not otherwise be available to them, dramatically improving dispensing speed, reducing refill costs, and enabling decisions more holistic and informed care, which leads to a better cost. effectiveness, patient experience and clinical outcomes.
“The demand for home infusion is growing as more biologics become available and infusion drug delivery moves to lower-cost settings,” said Matt Brow, president and CEO of the Inovalon’s pharmacy business. “Our new module extends the already proven value of ScriptMed Cloud to providers and specialty pharmacies that offer or will soon offer infusion services, giving them a proven workflow that supports more efficient operation while ensuring clinical care. of the highest possible quality for their patients.
“As one of Hawaii’s leading providers of specialty and infusion therapies for home patients and our outpatient infusion suites, we need a pharmaceutical platform that can support infusion, enteral nutrition and specialized workflow,” said Byron Yoshino, owner and CEO of Pharmacare Hawaii. . “With Inovalon’s infusion management and ScriptMed Cloud, we can now scale efficiently and deliver on our commitment to providing high-quality, patient-centered care.”
To learn more about infusion management and ScriptMed Cloud and its capabilities designed specifically for specialty business, infusion, and other complex pharmacy business applications, check out ScriptMed Cloud.
About ScriptMed® Cloud
ScriptMed® Cloud is the industry’s most advanced cloud solution, delivering superior patient care and operational efficiency in specialty pharmacies. Powered by the Inovalon ONE® platform, ScriptMed® Cloud delivers enterprise-scale, high-speed cloud-based computing, multi-party workflows, real-time healthcare ecosystem connectivity health, advanced analytics and enhanced data visualization capabilities – all uniquely informed by Inovalon of huge primary source datasets. ScriptMed® Cloud delivers highly differentiated value and cost savings by dramatically reducing refill time, costs, and error rates, while delivering advanced user features, greater modular flexibility, operational efficiency, putting emphasis on clinical and quality outcomes. ScriptMed® Cloud is a cloud-native architecture delivered to customers in a pure software-as-a-service (SaaS) delivery model.
Inovalon is a leading provider of cloud-based platforms that empower data-driven healthcare. Through the Inovalon ONE® platform, Inovalon brings to market a nation-wide capability to interconnect with the healthcare ecosystem, aggregate and analyze data in real time, and enable the application of information that result in having a significant impact at the point of service. Leveraging its platform, unparalleled proprietary datasets, and industry-leading subject matter expertise, Inovalon enables improved care, efficiency, and financial performance across the healthcare ecosystem. From health plans and provider organizations to pharmaceutical, medical device and diagnostic companies, Inovalon’s unique added value is delivered through the effective progression of “Transforming Data into Insights and Analytics into Action®”. Supporting thousands of customers, including 25 of the top 25 US health plans, 25 of the top 25 global pharmaceutical companies, 24 of the top 25 healthcare provider systems in the US, and numerous pharmaceutical organizations, manufacturers of devices and other industry-leading healthcare components, Inovalon’s technology platforms and analytics are informed by data from more than one million physicians, 594,000 clinical settings, 348 million ‘Americans and 68 billion medical events. For more information, visit www.inovalon.com.
Whitney Swistock Senior Director, Communications, Inovalon Whitney.Swistock@inovalon.com