Cognizant (NASDAQ: CTSH), a leading provider of global consulting, technology and business process services, today announced that the Company has been ranked the 11th largest healthcare IT provider by Healthcare Informatics magazine in its 15th annual survey of major healthcare information technology providers. Cognizant's ranking is based on revenue from the Healthcare segment, which grew by 52 percent year-on-year.
"We are delighted to be in this prestigious ranking of top healthcare IT providers," said Krish Venkat, Senior Vice President & General Manager of Cognizant's Healthcare and Life Sciences Practice. "This ranking is a testament to the trust reposed in us by our clients. In the highly complex healthcare industry, firms are continuously looking for innovative solutions to meet their business challenges. We are privileged to leverage our consultative, industry-specific solutions to help our clients drive process improvements, spearhead innovation and provide their customers with the best healthcare experience."
"On behalf of Molina, I congratulate Cognizant for being ranked the 11th largest healthcare IT provider," said Amir Desai, CIO at Molina Healthcare, Inc, a multi-state managed care organization based in Long Beach, CA, and one of Cognizant's healthcare clients. "Molina continuously strives to provide better healthcare services for its customers. In partnership with Cognizant, we have implemented solutions that enhance the customer experience."
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 helping change billions of lives for the better by partnering with our customers 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.
Consistently ranked among the Healthcare Informatics Top 100 list for the past eight years, we work for 8 of the top 10 health plans in the U.S.A., 27 of the top 30 global pharmaceutical companies, 9 of the top 10 biotech companies, and 2 of the top 5 medical device companies.
With over 10,000 dedicated professionals including doctors, pharmacologists, physicians, biomedical engineers, pharmacists, biostatisticians, medical writers, and GxP consultants, we provide 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. 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 more than 40 global delivery centers and 58,000 employees as of March 31, 2008, 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 Info Tech 100, Hot Growth and Top 50 Performers listings. Visit us online at www.cognizant.com.
This press release includes statements which may constitute forward- looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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