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.
To stay up-to-date on TCS news in North America, follow @TCS_NA. For TCS
global news, follow @TCS_News.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/tcs-recognized-as-a-leader-and-star-performer-in-healthcare-payer-it-services-for-second-consecutive-year-by-everest-group-300383053.html
SOURCE Tata Consultancy Services