Inovalon Results Presentation Deck

Increasing Headcount Efficiency The Company's transition to higher-valued cloud-based offerings leveraging increased connectivity, software automation, SaaS- based, and subscription-based offerings has witnessed a substantial corresponding decrease in headcount while concurrently expanding revenue and profitability. Reflecting this, headcount for the period year-end 2015 through year-end 2019 decreased by over 1,400, and TTM Adjusted EBITDA per headcount increased by 73% during the period. 3,323 2015 Adjusted EBITDA Per Headcount of $45,628 Note: Acquisition of Avalere Health occurred prior to year-end 2015 Q4 2015 INOV Q4 & FY 2019 Earnings Supplement (2.19.20) v1.0.0 20% Total Headcount Decrease From Year-End 2015 to Year-End 2019 774 Headcount Acquired 1,435 Headcount Efficiency 73% Increase in 2019 Adjusted EBITDA Per Headcount of $79,140 2,662 Q4 2019 * Total net decrease in headcount includes a gross increase of 774 headcount from acquisitions during the period, and gross headcount efficiency reductions of 1,435. 18

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