Cognizant completes acquisition of Bolder Health Solutions

By Catherine Sturman
Cognizanthas completed its acquisition ofBolder Healthcare Solutions, a provider of revenue cycle management (RCM) solutions to hospitals, physician pra...

Cognizant has completed its acquisition of Bolder Healthcare Solutions, a provider of revenue cycle management (RCM) solutions to hospitals, physician practices and other US specialist healthcare organisations. 

Bolder Healthcare Solutions expands Cognizant's range of digital healthcare solutions, enabling it to better address the large provider segment of the US healthcare market. Kentucky-based Bolder Healthcare Solutions provides RCM solutions for hospitals, hospital outpatient departments, physician practices, and other specialty care providers. 

RCM software and processes integrate and automate healthcare administrative and medical data to ensure benefit eligibility and accurate billing and collections, greatly reducing the time between delivery of service to payment received.

See also

"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 specialised RCM approach care providers need to enhance their financial performance, ensure regulatory compliance and increase focus on quality of patient care."

The RCM market was valued at $23.6bn in 2016, and is expected to grow at a CAGR of 12%, according to recent research.  

“Healthcare providers are currently trying to find a balance between the value-based care model and the traditional model. Their efforts have made revolutionary changes in trends such as increasing the outsourcing volume and automation of healthcare management,” the research has noted.

 

Share

Featured Articles

Comarch Diagnostic Point Boost for European Health Insurance

Healthtech specialist Comarch introduces Diagnostic Point, designed to improve health insurance across European markets

McKinsey: Women More Likely to die of Heart Attack Than Men

McKinsey Health Institute's Lucy Pérez says cardiovascular disease top killer of women yet physicians don't know their heart attack symptoms are different

Novo Nordisk Buys $1bn Cardior in CardioVascular Move

As Novo Nordisk expands into heart medicines, we profile the Danish pharma giant who in 1923 was the first to make insulin commercially available

Shoddy Chinese Syringes Sees BD Ramp-up Production

Procurement & Supply Chain

AI Tool 'Picks up Early-stage Breast Cancers Doctors Missed'

Technology & AI

AstraZeneca Buys $2bn Fusion in Next-gen Cancer Drugs Move

Medical Devices & Pharma