Hugh O'Toole
CEO
Innovu
Innovu provides a data analytics platform that integrates disparate data sources to enhance transparency and accountability in benefits and risk management. By utilizing proprietary benchmarking and reporting tools, the platform identifies significant cost-saving opportunities, averaging over $262,000 per organization annually.
- Data & Analytics
- Enterprise Software
- Software Only
Updated 6 months ago
Funding
Raised to date
$4.6MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Organizations often struggle with fragmented data and a lack of transparency in their benefits and risk management programs, hindering their ability to identify cost-saving opportunities and improve employee health outcomes. Siloed data prevents a holistic view of human capital risk across benefits, workers' compensation, and retirement programs.
Solution
Innovu provides a data analytics platform that integrates disparate data sources to deliver transparency and accountability in benefits and risk management. The platform uses proprietary benchmarking and reporting tools to identify significant cost-saving opportunities and improve employee health. By consolidating data silos, Innovu offers a comprehensive view of human capital risk, enabling organizations to make data-driven decisions to optimize their benefits programs, mitigate risks, and improve employee well-being. The platform's analytics capabilities help organizations implement targeted solutions and measure their impact, ensuring accountability and continuous improvement.
Target Audience
Innovu serves advisors and employers seeking to optimize their benefit and risk programs, control costs, mitigate risks, and improve employee health.
Features
- Proprietary benchmarking technology for comparing against industry peers
- Data collection, cleansing, and secure storage of claims data
- Standardized reporting packages and flexible business intelligence tools
- Partner analyst support applying clinical and industry-specific methodologies
- Actionable ROI identification and data-driven solution implementation
- Dashboards and targeted reports for tracking outcomes and monitoring ROI
- Advanced analytics solutions including savings opportunity statements, plan design benchmarking, and pharmacy program analysis
- Targeted solutions such as COVID-19 impact analysis, mental health/substance abuse analysis, and opioid analysis