Wipro Recognized as a Leader by Everest Group in Healthcare Payer Operations Services PEAK Matrix® Assessment 2020
September 15 2020 - 10:22AM
Business Wire
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading
global information technology, consulting and business process
services company, today announced that it has been positioned as a
Leader in Everest Group’s PEAK Matrix® for Healthcare Payer
Operations Service Providers 2020.
The report evaluated the digital services capabilities of 29
global healthcare BPS providers and mapped them on the Everest
Group PEAK Matrix® based on several parameters including vision,
capability, and market impact. Wipro was positioned as a Leader
owing to its portfolio mix and investment in digital platforms –
such as Member 360 and Wipro HOLMESTM Artificial Intelligence and
Hyper Automation Platform. This has helped it acquire new clients,
besides expanding the scope of business with existing ones.
Nagendra P. Bandaru, President, Cloud and IT Infrastructure
Services (CIS) and Digital Operations & Platforms (DOP)
said, “Now more than ever, insurance companies need to forge
stronger relationships with customers and automation is
game-changer. Emerging technologies help significantly improve
profit margins as well as transform customer experience. Our
investment in payer business transformation framework, driven by
best-in-class domain consultants and experts, has digitized the
heath experience and enabled our customers to be ahead of the
curve.”
Mohd Ehteshamul Haque, Senior Vice President and Global Head
- Healthcare Vertical, Wipro Limited said, “The rules of
engagement and compliance are being rewritten every day and, now
more than ever, health insurance buyers expect better care and
digital engagement at lower premiums. Our strategy addresses this
by creating personalized health plans for members at competitive
costs. We achieve this through our Unified Digital Payer Platform
supported by our strong partnership ecosystem that broadens our
capability. This, coupled with our approach of Business
Transformation through Customer Journey Mapping and Rapid
Prototyping for the Payer Market is paying off.”
“For healthcare payers, one of the biggest issues is the lack of
an integrated solution approach by third-party partners,” said
Manu Aggarwal, Vice President, Everest Group. “Wipro’s
development of a payer-in-the-box solution, leveraging its
services/platforms through a partner ecosystem, has helped it offer
a unified solution in areas such as member enrolment (through its
Medicare and Affordable Care Act (ACA) platforms) and claims
management.”
According to Everest Group, the impact of COVID-19 on businesses
resulting in job losses is likely to increase the number of people
buying health insurance through individual exchanges. Given that
Wipro has a strong portfolio of offerings catering to public
exchange business, a surge in demand is likely to further drive the
revenue growth.
Download the custom version of the report here.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading
global information technology, consulting and business process
services company. We harness the power of cognitive computing,
hyper-automation, robotics, cloud, analytics and emerging
technologies to help our clients adapt to the digital world and
make them successful. A company recognized globally for its
comprehensive portfolio of services, strong commitment to
sustainability and good corporate citizenship, we have over 180,000
dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better
and a bold new future.
Forward-Looking Statements
The forward-looking statements contained herein represent
Wipro’s beliefs regarding future events, many of which are by their
nature, inherently uncertain and outside Wipro’s control. Such
statements include, but are not limited to, statements regarding
Wipro’s growth prospects, its future financial operating results,
and its plans, expectations and intentions. Wipro cautions readers
that the forward-looking statements contained herein are subject to
risks and uncertainties that could cause actual results to differ
materially from the results anticipated by such statements. Such
risks and uncertainties include, but are not limited to, risks and
uncertainties regarding fluctuations in our earnings, revenue and
profits, our ability to generate and manage growth, complete
proposed corporate actions, intense competition in IT services, our
ability to maintain our cost advantage, wage increases in India,
our ability to attract and retain highly skilled professionals,
time and cost overruns on fixed-price, fixed-time frame contracts,
client concentration, restrictions on immigration, our ability to
manage our international operations, reduced demand for technology
in our key focus areas, disruptions in telecommunication networks,
our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political
instability, war, legal restrictions on raising capital or
acquiring companies outside India, unauthorized use of our
intellectual property and general economic conditions affecting our
business and industry. The conditions caused by the COVID-19
pandemic could decrease technology spending, adversely affect
demand for our products, affect the rate of customer spending and
could adversely affect our customers’ ability or willingness to
purchase our offerings, delay prospective customers’ purchasing
decisions, adversely impact our ability to provide on-site
consulting services and our inability to deliver our customers or
delay the provisioning of our offerings, all of which could
adversely affect our future sales, operating results and overall
financial performance. Our operations may also be negatively
affected by a range of external factors related to the COVID-19
pandemic that are not within our control. Additional risks that
could affect our future operating results are more fully described
in our filings with the United States Securities and Exchange
Commission, including, but not limited to, Annual Reports on Form
20-F. These filings are available at www.sec.gov. We may, from time
to time, make additional written and oral forward-looking
statements, including statements contained in the company’s filings
with the Securities and Exchange Commission and our reports to
shareholders. We do not undertake to update any forward-looking
statement that may be made from time to time by us or on our
behalf.
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version on businesswire.com: https://www.businesswire.com/news/home/20200915005925/en/
Media Contact: Nisha Chandrasekaran Wipro Limited
nisha.chandrasekaran@wipro.com
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