Ranking 10th Among Top Healthcare IT Providers Underscores Cognizant's Leadership in Healthcare and Life Sciences Industry
TEANECK, N.J., June 3 /PRNewswire-FirstCall/ -- Cognizant (Nasdaq: CTSH), a leading provider of global consulting, technology and business process services, today announced it has been ranked the 10th largest healthcare IT provider by Healthcare Informatics magazine in its 16th annual survey of major healthcare information technology providers. Cognizant's ranking is based on revenue from the healthcare and life sciences segment, which grew by 36 percent year-on-year.
"This prestigious ranking among the world's top healthcare IT providers is a testament to our continual investment in the client relationship and the trust we have built across the industry," said Krish Venkat, Senior Vice President and General Manager of Cognizant's Healthcare and Life Sciences Practice. "In the highly complex healthcare industry, our clients are looking for innovative solutions to meet their business challenges. Our deep domain expertise and consultative approach are helping clients not only contain costs, but also drive process improvements, spearhead innovation, and provide their customers with the best healthcare experience."
"We congratulate Cognizant for this well deserved recognition. Cognizant is an important IT partner for Emdeon, and we are delighted to see that Cognizant is highly valued as a key player in the ranks of healthcare IT firms," said Damien Creavin, CIO, Emdeon, a leading provider of revenue and payment cycle solutions that connect payers, providers and patients.
To learn more about Healthcare Informatics 100 rankings, visit www.healthcare-informatics.com.
About Cognizant's Healthcare and Life Sciences Practice
Cognizant's Healthcare and Life Sciences practice is committed to 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.
Ranked among the Healthcare Informatics Top 100 list for the past eight years, Cognizant has worked with 7 of the top 10 health plans in the U.S., 27 of the top 30 global pharmaceutical companies, 9 of the top 10 biotech companies, and 12 of the top 20 medical device companies.
With over 12,000 dedicated professionals including doctors, pharmacologists, physicians, biomedical engineers, pharmacists, biostatisticians, medical writers, GxP consultants, and software engineers, Cognizant provides domain-aligned consulting, IT, business process, and analytics solutions globally.
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services. Recognized by Fortune Magazine as one of the World's Most Admired Companies, Cognizant's single-minded passion is to dedicate our global technology and innovation know-how, our industry expertise, and worldwide resources to working together with clients to make their businesses stronger. With 50 global delivery centers and approximately 63,700 employees as of March 31, 2009, we combine a unique onsite/offshore delivery model infused by a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Hot Growth and Top 50 Performers listings. Visit us online at www.cognizant.com.
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