Teaneck, N.J.-based Cognizant, with one of the largest and fastest growing healthcare practices in the global IT consulting and services industry, has garnered a spot on the Healthcare Informatics 100 for ten years in a row, climbing from #65 when it secured its first ranking to #10 this year.
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 for the entire healthcare community-payers, providers, pharmacy benefit managers, intermediaries, and government-as well as life science and medical device firms.
“As healthcare organizations analyze industry-changing events, such as healthcare reform, the American Reinvestment and Recovery Act, and regulatory demands, they look to us to provide thought leadership and guidance on how these changes will impact their businesses, and how to build a roadmap to success,” explains Krish Venkat, senior vice president and head of Cognizant's Healthcare and Life Sciences practice.
Cognizant's Healthcare Practice has strengthened its business consulting and business process outsourcing (BPO) services. “We are actively engaged with clients across a broad range of domain consulting engagements, such as ICD-10 business assessment and compliance, reform-related impacts, business process reengineering, and business transformation, in addition to our traditional IT and BPO services,” says Venkat.
In response to industry needs, Cognizant has rolled out several new services over the past year, including ICD-10 compliance-related services, electronic medical records and meaningful use compliance services; analytics solutions for payers and providers; health reform-related impacts; and cloud-based offerings. The company plans to extend several of these into 2012 and beyond.
Venkat points to opportunities for the U.S. healthcare industry to be more cost effective and efficient in their operations in order to deliver healthier outcomes. In particular, opportunities driven by mobile technologies, cloud computing, the rise of knowledge globalization, and “Anything-as-a-Service” models all hold great potential for the healthcare industry. “Cloud computing and mobile tools enable ‘anytime, anyplace’ data management and make it possible to design and support new, virtual ways of delivering care. It will be the combination of technology, globalization, and virtualization that will shape the healthcare industry and enable deployment of effective new strategies and services,” Venkat says.
Healthcare Informatics 2011 August;28(8):37