-- Shared Infrastructure and As-A-Service Capabilities Help 55 Hospitals, 8 Health Plans and Thousands of Practitioners Improve Care, Reduce Costs
TEANECK, New Jersey, Aug. 12, 2015 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced that the New England Healthcare Exchange Network (NEHEN), a consortium of regional payers and providers in the Northeast U.S., has selected Cognizant and its subsidiary TriZetto to digitally transform and manage its technology infrastructure to foster seamless collaboration across member organizations, optimize costs, and improve efficiency and patient care.
As part of a multi-year agreement, Cognizant will combine its consulting, IT and business process as-a-service capabilities with TriZetto's technology products to enable NEHEN's health information exchange to process more than 8 million transactions every month. By simplifying technology deployment and adoption and implementing Cognizant and TriZetto's innovative solutions, NEHEN will be able to accelerate its mission of helping members streamline operations and change the way healthcare is delivered and reimbursed.
With 40 member organizations comprised of over 55 hospitals, 8 health insurance plans and tens of thousands of practitioners, NEHEN offers a range of products to members, including HIPAA-compliant tools and features that simplify and speed administrative transactions between payers and providers, facilitate the sharing of clinical information, and enable ePrescribing, regulatory compliance and reporting.
TriZetto's payer solutions include benefits administration, care management, network management and portal platforms. Its provider solutions include real-time eligibility assurance, claims editing, and revenue cycle management technology services that help providers get paid quickly and accurately.
"The healthcare industry is facing many challenges. By working collaboratively with Cognizant, we are helping our members embrace the latest technologies and digital capabilities to meet them head on," said David Delano, Project Director at the Massachusetts eHealth Collaborative (MAeHC), NEHEN's Executive Director and management services partner. "Cognizant and TriZetto will enable us to deploy an infrastructure that allows our members to share costs, and improve administrative and clinical processes for the entire healthcare community."
"Healthcare payers and providers are increasingly looking at new ways to leverage technology to meet rapidly changing customer and regulatory requirements," said Krish Venkat, President, Healthcare and Life Sciences at Cognizant. "The NEHEN consortium is an excellent example of the industry utility models that are developing across healthcare. With the unique combination of our TriZetto revenue cycle management technology, business process as-a-service solutions and Cognizant's deep healthcare expertise, we are able to efficiently manage and deliver solutions that benefit all of NEHEN's members, from the solo practitioner to the largest integrated delivery networks and health insurance payers."
About New England Healthcare Exchange Network (NEHEN)
The New England Healthcare Exchange Network is a consortium of regional payers and providers that has designed and implemented a secure and innovative health information exchange with the intent of reducing administrative costs and improving the quality, safety, and efficiency of patient care. Since 1998, the NEHEN technology has changed the way healthcare is delivered and reimbursed in over 40 member organizations which consist of over 55 hospitals, 8 health insurance plans, and tens of thousands of practitioners.
About Massachusetts eHealth Collaborative (MAeHC)
The Massachusetts eHealth Collaborative is a national leader in the facilitation and management of electronic health record deployment, health information exchange and quality measure reporting. MAeHC is an independent non-profit corporation with a charitable mission to improve the delivery of health care by promoting the use of health IT. Formed in 2004 as a collaboration of non-profit health care stakeholders to demonstrate the most effective ways to deploy EHRs and HIE to improve the quality, safety, efficiency, and affordability of care in Massachusetts, MAeHC now works across the United States with a wide range of physician practices, hospitals, state governments, contracting networks, management services organizations, HIE organizations, technology vendors, and consulting firms. To learn more about the Massachusetts eHealth Collaborative, please visit www.maehc.org
About Cognizant's Healthcare and Life Sciences Practice
Cognizant's Healthcare and Life Sciences practice, which includes the TriZetto software portfolio, is committed to helping change millions of lives for the better by partnering with clients to build solutions to healthcare challenges, continually improve the way they do business, set the pace in clinical development, strengthen their regulatory infrastructure, and increase competitiveness. With over $3.5 billion in annualized revenue, Cognizant's healthcare practice is ranked among the top 5 on the Healthcare Informatics Top 100. Cognizant serves 28 of the top 30 global pharmaceutical companies, 16 of the top 20 health plans in the U.S., 3 of the top 5 pharmacy benefit management companies in the U.S., 9 of the top 10 biotech companies, and 12 of the top 15 medical device companies. With a large team of dedicated professionals including doctors, pharmacologists, physicians, biomedical engineers, pharmacists, biostatisticians, medical writers, and GxP consultants, the practice provides domain-aligned consulting, IT, business process, software and as-a-service solutions globally.
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), 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. With over 100 development and delivery centers worldwide and approximately 218,000 employees as of June 30, 2015, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.