Inovalon Results Presentation Deck

2019 Adjusted EBITDA Margin Bridge Inovalon continues to expect operating leverage, driven by high-value offerings driving further improvement in mix and pricing, benefit from technology-enabled efficiency initiatives, and contribution from ABILITY. As of October 30, 2019, the Company has raised its guidance for Adjusted EBITDA, and Adjusted EBITDA margin for 2019. Inovalon now sees the above-mentioned factors driving -430 basis points of Adjusted EBITDA margin expansion in 2019, and increase of 60 basis points above prior guidance. The graphic to the right is for illustrative purposes only. INOV Q3 2019 Earnings Supplement (10.30.19) v1.0.2 The full gross margin benefit of an increasing mix of higher margin Platform offerings, coupled with continued technology-enabled efficiencies and the ABILITY acquisition, are seen driving continued operating leverage improvement in 2019. 28.8% FY 2018 Adj. EBITDA Margin % -430 Basis Point Year-over-Year Improvement -90 bps Investment Initiatives / Overhead Efficiencies -110 bps Platform Mix & Price Changes -90 bps Platform Efficiencies -140 bps Inorganic ABILITY Contribution 33.1% FY 2019G Adj. EBITDA Margin % 15

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