Inovalon Results Presentation Deck

2018 Adjusted EBITDA Margin Bridge Inovalon continues to expect operating leverage, driven by further improvement in mix and pricing, benefit from technology-enabled efficiency initiatives, and contribution from ABILITY. The Company sees these factors driving -520 basis points of Adjusted EBITDA margin expansion in 2018, an increase of 50 basis points from the prior forecast. The graphic to the right is for illustrative purposes only. INOV Q2 2018 Earnings Supplement (8.1.18) v1.0.0 The full gross margin benefit of an increasing mix of higher margin Platform offerings, coupled with continued technology-enabled efficiencies and the ABILITY acquisition, is seen to be partially offset by one-time client ACA withdrawals Efficiencies achieved in overhead are expected to fully offset continued investments in strategic areas for the Company -520 Basis Point Year-to-Year Improvement FY 2017 Adj. EBITDA Margin -30 bps Investment Initiatives/ Overhead Efficiencies -20 bps -40 bps Represents 60 bps of Grosu Marg Expansion YTY Excluding ABILITY -300 bps Gross Margin Expansion m including ABILITY Platform Mx & Price Changes -330 bps Platform Efficiencies -90 bpa ABILITY ABILITY Flatform Operating Contribution Contribution 29.5% FY 2018G Adj. EBITDA Margin 24

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