Cognizant strengthens healthcare portfolio with TriZetto acquisition

|November 21, 2014 0

TEANECK, USA: Cognizant announced it has completed the acquisition of TriZetto Corporation.

“The combination of TriZetto’s market-leading platforms with Cognizant’s strengths in consulting, IT and business process services will put us at the forefront of creating new models for the healthcare needs of tomorrow,” said Francisco D’Souza, CEO of Cognizant. “Together, we are uniquely positioned to deliver end-to-end solutions that allow healthcare organizations to improve operational efficiency, drive innovation and embrace next generation delivery models made possible by digital technologies. As a fully integrated healthcare technology and operations provider, we look forward to enabling our clients to deliver improved quality of care and superior health outcomes.”

TriZetto software manages the health benefits of close to half the insured population of the U.S. and supports about a quarter of all U.S. care providers. The company is now a part of Cognizant’s healthcare practice whose clients include 16 of the top 20 U.S. health plans, and four of the top five pharmacy benefit management companies. The combination of the Cognizant and TriZetto platform and capabilities will enable healthcare organizations to focus on making their operations as efficient as possible, while at the same time investing to drive future growth in an increasingly competitive environment.

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“The response to Cognizant’s acquisition from the clients of the two companies has been overwhelmingly positive,” stated Jude Dieterman, Chief Executive for the TriZetto business unit within Cognizant’s healthcare practice. Dieterman, who was previously TriZetto President and COO added, “As part of Cognizant, we can address existing and new markets with new technologies and new delivery models, enabling us to capitalize on opportunities that neither company could access individually, while having a meaningful impact on the way health is managed and care is delivered.”

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