NEW YORK and MUMBAI, India, Dec. 23, 2016 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has been recognized as a Leader and Star Performer for Healthcare Payer IT Services by leading advisory and research firm Everest Group, in its report, "Healthcare Payer IT Services –Service Provider Landscape with PEAK Matrix™ Assessment 2016."
TCS' was recognized for its market success, scale and strong technology capability characterized by a broad range of domain solutions in the Payer space. Everest Group also cited TCS' big strides in weaving credible integrated operations into the Payer landscape over the last year to further strengthen its position as a Leader.
Everest Group analyzed the position of 22 service providers on the Everest Group Performance, Experience, Ability, Knowledge (PEAK) Matrix in Global Healthcare Payer sector. The PEAK Matrix is a composite framework that provides an objective, data driven, and comparative assessment of Healthcare Payer IT service providers, which are then divided into three categories based on market success and delivery capability.
"Health plans' fundamental business models are under increasing pressures due to value-dilutive new/existing lines of business, evolving regulations, and a broader consumerization of healthcare," said Abhishek Singh, Practice Director, Everest Group. He further added, "In this scenario, TCS has emerged as a credible partner for buyers looking to inject operational efficiency and aid cost takeout through an integrated services approach that combines aspects of technology and business processes. This reflects in TCS' Leader and Star Performer designation on the 2016 Everest Group Healthcare Payer PEAK Matrix."
"TCS' comprehensive portfolio of offerings and expertise in Healthcare have a unique ability to develop and deliver innovative and pioneering solutions to address today's industry challenges," said Brijesh Singh, Global Head of Healthcare Business Unit, TCS. "This recognition by Everest Group is a significant testament to TCS' value and commitment delivered to clients with consistent quality and standards."
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 371,000 of the world's best-trained consultants in 45 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the BSE Limited and National Stock Exchange of India Limited. For more information, visit us at www.tcs.com.
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SOURCE Tata Consultancy Services