NEW YORK and MUMBAI, India, Jan. 27, 2016 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, announced today that it has been rated as 'Leader and Star Performer' for large payer ITO Relationships by leading advisory and research firm, Everest Group, in its report, "Healthcare Payer ITO Peak Matrix 2015." Everest Group also noted that TCS has made big strides and has leapfrogged into the 'leaders' quadrant by employing a customer-centric strategy focused on national and regional health plans.
Everest Group analyzed the position of 20 service providers on the Everest Group Performance, Experience, Ability, Knowledge (PEAK) Matrix for Payer ITO Relationships. The PEAK Matrix is a framework to assess the absolute market success and overall capability of service providers, which are then divided into three categories based on market success and delivery capability. TCS' Leaders position in the report was earned by its market success, scale and strong technology capability characterized by the proprietary solutions in the payer space.
"The technology demand profile for Healthcare Payers is undergoing a radical change driven by regulation, consumerization, and disruptive digital innovation," said Jimit Arora, Vice President, Everest Group. "TCS' investments in creating a portfolio of offerings relevant to this complex demand scenario enabled its robust growth and market share expansion. That coupled with its above-average market growth, domain investments, and recent market success contributed to TCS' Leader and Star Performer designation on the 2015 Everest Group Payer ITO PEAK Matrix."
"Moving into the Leaders quadrant and being rated a Star Performer by Everest Group is a true testament to the value we bring to our customers," said Suresh Muthuswami, President of Insurance and Healthcare, TCS. "It is a powerful endorsement of TCS' commitment to customers and our unique ability to develop and deliver innovative solutions that address Healthcare industry challenges in this time of great change."
About TCS Healthcare
TCS is the partner for navigating healthcare transformation. TCS partners with leading health payers, providers and PBMs globally to enable business model transformations to address healthcare reforms, improve quality of care, increase customer engagement and reduce expenses. By streamlining and modernizing business processes and systems, TCS helps healthcare organizations realize operational efficiencies and reduce operating costs. TCS' portfolio of services covers the entire payer value chain, including Plan Definition, Eligibility and Enrollment, Policy Servicing, Billing, Claims Processing, Claims Adjudication, Benefit Management, Provider Management and Member Services. For providers, we deliver customized services for Provider Management, Claims Management, Patient Information and Financial Management, Clinical Data Management, Pharmacy Benefit Management and Revenue Cycle Management.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS,infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 344,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $15.5 billion for year ended March 31, 2015 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
SOURCE Tata Consultancy Services