Inovalon announced that Blue Cross Blue Shield health plans has joined the rapidly growing ranks of health plans implementing Inovalon’s Clinical Data Extraction as a Service (CDEaaS™) and Natural Language Processing as a Service (NLPaaS™) capabilities. Inovalon is seeing strong demand for the cloud-based SaaS capabilities, with 14 health plan engagements executed for the solutions over the past 10 weeks, adding to the multiple top 10 national and regional health plans already in the process of initiating use of the solutions. Inovalon’s Clinical Data Extraction as a Service (CDEaaS™) solution facilitates data exchange directly and autonomously through Electronic Health Record (EHR) systems and Health Information Exchange (HIE) systems with nearly 200,000 providers connected to the Inovalon ONE® Platform, and delivers digital patient records 10 times faster, with greater data accuracy and completeness, and at a cost of up to 70% less than traditional, manual clinical data and records retrieval. Data retrieved through the CDEaaS™ solution plays an integral role in supporting healthcare organizations’ clinical quality measurement, reporting and improvement and risk score accuracy performance initiatives by streamlining and enabling greater flexibility within the medical record data retrieval process and delivering more comprehensive results through a leveraging of advanced data targeting algorithms. Inovalon’s Natural Language Processing as a Service (NLPaaS™) solution applies highly adaptive Natural Language Processing (NLP) and Machine Learning (ML) capabilities to identify and convert structured and unstructured data within clinical medical records into meaningful clinical insights within seconds, enabling significant improvements in clinical quality, risk score accuracy, and financial performance. As one of the only NLP vendors in the market that supports all medical record formats, Inovalon’s solution delivers substantial value to its clients at a cost up to 25% less than manual methods. By combining Inovalon’s CDEaaS™ and NLPaaS™ solutions, clients can utilize analytics to identify necessary medical record data, locate and aggregate the data, and then convert the resulting structured and unstructured clinical data for analysis and application in clinical quality and financial performance improvement initiatives, all without human involvement, in massive scale, and within minutes instead of weeks. The power of Inovalon’s NLPaaS™ solution leverages adaptive Natural Language Processing and Machine Learning that is informed by the analysis of hundreds of millions of pages of clinical medical record data maintained within Inovalon’s real-world clinical data repositories. Additionally, the data targeting algorithms utilized within the CDEaaS™ solution are powered by analysis of Inovalon’s massive propriety dataset, the MORE2 Registry®, which includes more than 40 billion medical events. The leveraging of Inovalon’s datasets to train advanced machine learning capabilities within the CDEaaS™ and NLPaaS™ solutions is an example of the growing application of Inovalon’s data assets to develop and empower highly differentiated cloud-based capabilities, which are receiving strong demand in the marketplace.