Cognizant Named to Winner's Circle in HfS Research Report on Population Health and Care Management
Investments in Digital Innovation and Technology for Healthcare Highlighted as Key Strengths
TEANECK, N.J., June 23, 2015 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced that it has been named to the "Winner's Circle" of HfS Research's Blueprint Report on population health and care management business services. The report ranked Cognizant as the overall leader in innovation at scale and breadth of services.
The report looks at how established healthcare service providers are aligning, building, partnering, and acquiring capabilities to help healthcare organizations deliver consumer-centric, individualized value-based care. It identifies key differentiators between service providers in numerous aspects of innovation and execution. Companies found to be leading in those categories are placed in the "Winner's Circle."
The HfS Blueprint Report highlights Cognizant as "a flexible, adaptive risk taker; led by technology and building up the strategy and consulting layer." Among the strengths cited are Cognizant's acquisitions of healthcare software leader TriZetto and medical management company MediCall, its reputation as a trusted partner and ally, its technology solutions set, business process services and platform capabilities.
"The healthcare market needs change, and Cognizant is leading change with its balance of solutions that help reduce costs and enable innovation," said Barbra Sheridan McGann, managing director, HfS Research. "Cognizant's well-known innovation investment program shows its willingness to pilot and experiment. This approach brings to life the use of digital— social, mobile, analytics, and cloud technologies—with accompanying investments that often drive re-usable intellectual property."
"We are working closely with our clients and partners to help them digitally transform and reimagine the business of healthcare," said Krish Venkat, President, Healthcare and Life Science at Cognizant. "Our shared goal is to help clients drive higher levels of operational efficiency while innovatively enabling new ways of managing the health and wellness of population, identifying gaps in care, and delivering and improving the quality of that care."
About Cognizant's Healthcare and Life Sciences Practice
Cognizant's Healthcare and Life Sciences practice is committed to helping change millions of lives for the better by partnering with clients to build solutions to healthcare challenges, continually improve the way they do business, set the pace in clinical development, strengthen their regulatory infrastructure, and increase competitiveness. With approximately $3.5 billion in annualized revenue, Cognizant's healthcare practice is consistently ranked among the top 10 on the Healthcare Informatics Top 100, Cognizant serves 28 of the top 30 global pharmaceutical companies, 16 of the top 20 health plans in the U.S., 3 of the top 5 pharmacy benefit management companies in the U.S., 9 of the top 10 biotech companies, and 12 of the top 15 medical device companies. With a large team of dedicated professionals including doctors, pharmacologists, physicians, biomedical engineers, pharmacists, biostatisticians, medical writers, and GxP consultants, the practice provides domain-aligned consulting, IT, business process and analytics solutions globally.
About HfS Research
HfS Research is the leading independent global analyst authority and knowledge community for the business and IT services industry. HfS serves the research and strategy needs of business and IT operations leaders across finance, supply chain, human resources, marketing, customer management, and core industry functions. HfS provides detailed and thoughtful analyst coverage of the various areas that impact successful business outcomes, namely, process automation and outsourcing, global business services frameworks, mobility, analytics, and social collaboration. HfS also focuses heavily on talent acquisition, development, and motivation strategies. HfS applies its acclaimed crowdsourced Blueprint Methodology™ to evaluate the performance of service providers in terms of innovating and then executing against those business outcomes.
About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 100 development and delivery centers worldwide and approximately 217,700 employees as of March 31, 2015, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
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