A leading company, Innovu was founded on the belief that by bringing together vast silos of data in the human capital continuum world, it can unlock powerful knowledge to solve complex challenges.Innovu pours through claims information from payers in order to help the self-funded advisors and employers gain better insights about why those costs have been escalating at double-digit rates over the last 10 years.
It also enables the advisors that work with self-funded employers to put in the appropriate solutions to then reduce that cost.
Innovu focuses on three major continuums which includes healthcare spend, workers’ compensation risk, and retirement sectors.
Its vision is to continually add different data sets and provide unique solutions using analytics to allow the advisors to help their employers while lowering their cost.Delivering Appropriate SolutionsInnovu securely, accurately, and seamlessly integrates data across all programs to create a consolidated “single truth” of information.
The part of its core functionality is to use machine learning to match members into the platform so that individuals can do analysis across the different sectors such as healthcare, workers’ compensation, and retirement.
And so, it’s really about the comparative analytics and the ROI, the prospective looking analytics that we apply to the data to bring that value out.” “29 and a half percent of the time, the data that we collect is incomplete, missing, or wrong, and so we’re enhancing the data in our platform by filling in those critical elements, so that employers can gain better insight into their healthcare spend, and advisors can implement the appropriate solutions, to realize actual savings and RIO” he adds.An Industry VeteranInnovu is led by veteran entrepreneurs, benefits and risk experts, and technologists who provide agile solutions that empower clients to integrate their data to gain valuable insight to make more strategic business decisions.