"The addition of Bolder Healthcare Solutions to the Cognizant portfolio enables us to offer more services to a broader range of healthcare providers and equip them with a digital foundation for outcome-based models and greater efficiency," said Kaushik Bhaumik, executive vice president and global head of healthcare at Cognizant. "Bolder Healthcare Solutions' impressive capabilities, processes and experts provide the specialized RCM approach care providers need to enhance their financial performance, ensure regulatory compliance and increase focus on quality of patient care." Excerpts:
Cognizant has sealed the deal and completed its acquisition of Kentucky-based Bolder Healthcare Solutions, a revenue cycle management solutions provider that serves hospitals, physician practices and other specialist healthcare organizations in the United States.
The acquisition of Bolder Healthcare Solutions will expand Cognizant's range of digital healthcare solutions, enabling it to better address the large provider segment of the U.S. healthcare market as hospitals and practices struggle with cuts to reimbursement and tight operating margins, doubling the need to optimize revenue cycle operations for maximum collections.
Cognizant is already a force in the digital solutions world and recently earned recognition by KLAS adaptability, an important metric for providers of solutions for an industry marked by ever-changing regulations, shifting payment models and varying health plans. Cognizant was also lauded for its staffing employees dedicated to managing and meeting state and federal regulations.
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