Innovaccer

In 2011, Abhinav Shashank and Kanav Hasija started on a data analytics project at Wharton and Harvard University that focused on bringing distributed datasets together and leveraging data through analytical technologies.{{cn|date=March 2024}} The project was a basic research on how big data can be studied, crunched, analysed and the insights that can be derived from the same. This was the basic idea that led to the formation of Innovaccer by Abhinav, Kanav, and Sandeep in Silicon Valley in 2012.{{cite web|title=2 Mn Patients, $15.6 Mn Funding: How InnovAccer Looks To Leverage Big Data Analytics To Change The Healthcare Game - Inc42 Media|url=https://inc42.com/startups/innovaccer-growth-story/|website=inc42.com|date=16 December 2016 |accessdate=25 April 2017}}

In February 2021, Innovaccer confirmed a $105 million Series D that values the company at $1.3 billion, bringing its total funding to $225 million.{{cite web|title=Healthcare's Latest Unicorn: Big Data Startup Innovaccer Raises $105 Million At $1.3 Billion Valuation|url=https://www.forbes.com/sites/alexandrawilson1/2021/02/24/healthcares-latest-unicorn-big-data-startup-innovaccer-raises-105-million-at-13-billion-valuation/?sh=7a70a0dc2241|website=forbes.com|accessdate=24 February 2021}}

In January 2025, Kaiser Permanente led the series F investment in Innovaccer that also included Microsoft's venture capital arm, M12.{{Cite web |date=January 9, 2025 |title=Innovaccer Secures $275M in Series F to Scale its Healthcare Intelligence Cloud |url=https://www.businesswire.com/news/home/20250109241872/en/Innovaccer-Secures-275M-in-Series-F-to-Scale-its-Healthcare-Intelligence-Cloud |access-date=January 10, 2025 |website=Business Wire}}

Innovaccer provides digital products in the areas of Population Health Management and Pay-for-performance. It also offers products for care management, referral management, and patient engagement.

Innovaccer's proprietary product, Datashop helps healthcare organizations provide better care by integrating complex data across multiple distributed sources to give insights. Innovaccer Datashop's proprietary modeling algorithms normalize the data and links data across multiple disparate data sources.{{cite web|title=Big Data Startup Innovaccer Lands $15.6M for Integrated Care Framework|url=http://hitconsultant.net/2016/08/15/35151/|accessdate=25 April 2017|date=15 August 2016}} With a micro-services architecture, Datashop brings Lego-like modularity to help providers and networks pick and choose what they need.{{Cite news|url=http://www.healthcareitnews.com/news/innovaccer-launch-big-data-platform-population-health-himss17|title=Innovaccer to launch big data platform for population health at HIMSS17|date=2017-01-24|work=Healthcare IT News|access-date=2017-05-02|language=en}} Applications within the platform include an integrated data lake,{{Cite web|url=http://hitconsultant.net/2016/08/15/35151/|title=Big Data Startup Innovaccer Lands $15.6M for Integrated Care Framework|date=2016-08-15|access-date=2017-05-02}} population health management,{{Cite news|url=http://finance.yahoo.com/news/innovaccer-launched-comprehensive-platform-optimise-190000259.html|title=Innovaccer Launched Comprehensive Platform to Optimise the 7 Stages of Value-Based Reimbursement at HIMSS 2017 - Datashop|access-date=2017-05-02|language=en-US}} care management,{{citation needed|date=September 2023}} referral management,{{citation needed|date=September 2023}} and quality reporting.{{citation needed|date=September 2023}}

Apart from the abovementioned product offerings, Innovaccer has also launched several free tools offering comparisons and insights for providers and payers. Some of the tools launched by Innovaccer are ACO Compare,{{Cite web|url=http://www.beckershospitalreview.com/healthcare-information-technology/innovaccer-launches-data-tool-to-help-providers-compare-aco-performance.html|title=Innovaccer launches data tool to help providers compare ACO performance|last=Cohen|first=Jessica Kim|website=www.beckershospitalreview.com|date=12 January 2017 |language=en-gb|access-date=2017-05-02}} Hospital Compare,{{Cite news|url=http://www.healthcareitnews.com/news/innovaccer-launches-tool-compare-hospital-performance|title=Innovaccer launches tool to compare hospital performance|date=2016-11-17|work=Healthcare IT News|access-date=2017-05-02|language=en}} Payer Compare,{{Cite web|url=http://hitconsultant.net/2017/03/15/innovaccer-payor-compare-tool/|title=Innovaccer Launches Free Tool to Help Care Teams Track, Monitor Medicare Advantage Plans|date=2017-03-15|access-date=2017-05-02}} MIPS Calculator,{{Cite web|url=http://www.beckershospitalreview.com/healthcare-information-technology/innovaccer-unveils-mips-calculator-to-help-providers-estimate-payments.html|title=Innovaccer unveils MIPS calculator to help providers estimate payments|last=Cohen|first=Jessica Kim|website=www.beckershospitalreview.com|date=30 November 2016 |language=en-gb|access-date=2017-05-02}} and MACRA Toolkit.{{Cite news|url=http://www.healthcareitnews.com/news/innovaccer-launches-mips-reporting-and-performance-optimization-platform|title=Innovaccer launches MIPS reporting and performance optimization platform|date=2017-02-08|work=Healthcare IT News|access-date=2017-05-02|language=en}}

Category:Health care companies based in California

Category:500 Startups companies

Category:2012 establishments in California