Cognizant's TriZetto Solutions Highlighted in
Everest Group Report as a Leader in Domain Expertise, Advanced
Technology, and Client Acclaim
TEANECK,
N.J., April 4, 2023 /PRNewswire/ -- Cognizant
(NASDAQ: CTSH) has been named a Leader of healthcare cloud-based
core administration in a new report by Everest Group. In its review
of 14 IT healthcare service providers, Everest Group recognized
Cognizant's TriZetto practice as a Leader for its extensive
portfolio of services, strong vertical and technical capabilities,
and positive client feedback.
"The evolving regulatory landscape and innovation in the payment
sector is acting as a catalyst for the evolution of core
administration platforms for expediting claims processing,
optimizing policy administration, and enabling more efficient
management of provider networks and members. These platforms are
now enabling payer organizations to tackle challenges arising from
a fragmented technology ecosystem," said Chunky Satija, Vice
President at Everest Group. "Cognizant's healthcare expertise and
its long-standing prowess in the claims space, coupled with
modularized Facets and QNXT offerings modules, allows for a robust,
flexible, and scalable solution, spanning across plan design,
claims administration, and risk management. Continued, focused
investments towards enhancements of the core administration
platform capabilities along with an existing strong technology
partnership ecosystem have enabled Cognizant's positioning as a
Leader in Everest Group's Healthcare Cloud-based Core
Administration Platforms PEAK Matrix® Assessment 2023."
In placing Cognizant in the Leader quadrant, Everest Group's
assessment highlighted Cognizant's cutting-edge technology, domain
expertise, and end-to-end, scalable solutions, including plan
design, claims administration, and risk management. The company's
Robotic Process Automation technology was noted for its successful
approach to claims adjudication, along with TriZetto's Facets and
QNXT pre-built interfaces that support seamless vendor transitions.
In one example, Cognizant helped Signature Performance improve auto
adjudication rates from 60% to 94%, reducing claims backlogs.
"Cognizant has been a valuable partner in supporting our efforts
to ensure timeliness and accuracy of payments for healthcare
claims, enhance security leveraging a government cloud environment,
improve accuracy of reporting, and implement advanced dashboard and
analytical capabilities," said Zach
Fain, Chief Technology Officer at Signature Performance. "By
running our ClaimsXM solution on Cognizant's TriZetto Facets core
administrative platform, our government client has seen
improvements of over 30% in claims being paid on time, leading to
enhanced provider satisfaction and ultimately a better member
experience."
"We're committed to helping our clients improve consumer care by
simplifying and enhancing healthcare administration on the cloud,"
said Craig Mengert, Head of
Cognizant TriZetto Products and Services. "TriZetto healthcare
products are designed to help our clients drive administrative
efficiencies, improve costs, and enhance member and patient
experiences. Everest Group's recognition of Cognizant's leadership
in healthcare cloud-based administration highlights our steadfast
commitment to our partnerships, investments, and technology that
enable payers and providers to spend more time focused on providing
superior care for consumers."
Everest Group's assessment of Cognizant TriZetto can be accessed
here.
Learn more: Cognizant's Healthcare Technology Solutions
Learn more: Cognizant's TriZetto Healthcare
Products
About Cognizant
Cognizant (Nasdaq: CTSH)
engineers modern businesses. We help our clients modernize
technology, reimagine processes and transform experiences so they
can stay ahead in our fast-changing world. Together, we're
improving everyday life. See how at www.cognizant.com or
@cognizant.
For more information, contact:
Cognizant
U.S.
Josh
Blumenthal
joshua.blumenthal@Cognizant.com
|
|
|
|
|
|
|
|
|
|
Cognizant
India
Rashmi
Vasisht
rashmi.vasisht@Cognizant.com
|
|
|
|
|
|
|
|
|
|
Cognizant Europe /
APAC
Christina
Schneider
christina.schneider@cognizant.com
|
|
|
|
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cognizant-named-a-top-provider-of-healthcare-cloud-based-administration-301789008.html
SOURCE Cognizant