Integrating technology and data science to develop analytics solutions for contextualized decision support to healthcare providers and payers
Las Vegas, 1 March, 2016
Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced that it will collaborate with Microsoft Corp., a global leader in platform and productivity offerings, to deploy advanced analytics solutions to support healthcare organizations in their digital transformation.
The healthcare industry is undergoing a paradigm shift largely due to consumerization and increasing costs. With the advent of advanced analytics and cloud technologies, it is now possible to process, store and analyze large volumes of structured and unstructured datasets at a lower cost, which can yield tremendous benefits to various healthcare processes. Today, these processes are managed by custom solutions or through CRM platforms like Microsoft Dynamics. Infosys has developed healthcare analytics solutions to augment the current processes and make them more efficient using Microsoft Cortana Analytics Suite.
Infosys analytics healthcare solutions will enable healthcare professionals to unlock the potential of a wide range of datasets. Insights generated from this will help track population health trends, advance clinical effectiveness and enhance patient satisfaction. They will also help providers improve operational effectiveness and financial and administrative performance. These solutions use the common healthcare reference architecture that is built on Microsoft technology.
Through the use of different Microsoft analytics offerings such as Cortana Analytics Suite and SQL Server 2016, organizations will have a compelling and economical alternative to niche analytical products, without having to change their current enterprise storage solution. These solutions will give enterprises the ability to integrate databases and publish layers with enterprise-grade security.
One of the solutions focuses on making the actuarial planning process efficient. This helps payers to forecast the utilization and cost of care for better actuarial planning. Another solution focuses on supporting healthcare contact center processes implemented in Microsoft Dynamics to provide live decision support to contact agents. This reduces costs, increases the return on investment for existing tools and brings healthcare providers closer to a fully realized cloud infrastructure.
“This relationship will provide managed care organizations with the tools to improve clinical and operational effectiveness at a reasonable cost. It will also provide health-care call centers with contextualized customer support and self-service options to both consumers and healthcare workers,” said Manish Tandon, Executive Vice President, Global Head, Healthcare, Insurance and Life Sciences.
“Cortana Analytics is a fully managed Big Data and advanced analytics suite that enables customers to transform data into intelligent action,” said Joseph Sirosh, corporate vice president of the Data Group, Microsoft. “The technology we have today at Microsoft, and the deep collaboration with Infosys, will enable novel healthcare solutions that make smarter decisions, improve customer service, and uncover new possibilities to transform patient care faster than ever before.”
Infosys is demonstrating these solutions at the annual Healthcare Information and Management Systems Society (HIMSS) conference, to be held in Las Vegas from Feb. 29 to March 4. More on Infosys healthcare work can be found at www.infosys.com/healthcare/.
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$ 9.2 billion in LTM revenues and 193,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2015. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is January 14, 2016, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
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