Inovalon, Inc. announced Independence Blue Cross (IBC) will use Inovalon's HIX Foundation(TM) solution to prepare for operation within the Health Insurance Exchange marketplace. Inovalon's HIX Foundation solution provides insight into the key drivers that influence program pricing, sub-segmentation, financial projections, marketing, and overall strategy design for health plans entering state health insurance exchanges. To provide support for health plans, Inovalon applies insights garnered from an extensive clinical dataset of more than six billion medical events, together with state-specific and national experience with disease progression, risk score data accuracy, quality outcomes, and financial performance amongst Medicare, Medicaid, commercial, and uninsured proxy populations.

Through a compilation of existing data analyses, predictive analytics, targeted validation sampling, and relative comparative analytics across state and national comparative cohorts, Inovalon enables plans to arrive at a deep understanding of their true risk score and quality rates within their membership base, the relevant uninsured base, and the comparative marketplace in which their exchange offering resides.