It should be noted that Cognizent closed at an all time high yesterday
I present an observation that shareholders should consider.
Remember this- March 1, 2022 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced it is collaborating with Microsoft to deliver a new digital health solution to enhance remote patient monitoring for improved medical care. Cognizant's new solution, leveraging components of the Microsoft Cloud for Healthcare, is the first of several planned offerings that combine remote patient monitoring and virtual health, utilizing products like smart watches, blood pressure monitors, and glucose meters to collect and communicate patient health data to providers. Built-in analytics allow providers to cross-reference historical health information to gain patient insights and potentially identify early warning signs of chronic conditions so preventative measures can be taken. Additionally, the solution's remote capabilities enable telehealth visits, which continue to be a valuable option to mitigate barriers of care for patients with accessibility constraints, as well as implement time-sensitive interventions and improve personalized care. With chronic diseases expected to account for 70% of global deaths by 2030, advancements in digital integration are quickly becoming recognized as an optimal approach to preventing, managing, and treating disease.* As an early Microsoft Cloud for Healthcare partner, Cognizant has designed a solution that leverages Microsoft Azure services including FHIR, API Services, and Teams integration to improve scalability and reliability. This digital healthcare endeavor is backed by Cognizant's dedicated Microsoft Business Group, bringing together Cognizant's digital modernization expertise with Microsoft's focus on building Industry Clouds to deliver a commercially available, comprehensive, healthcare solution. This new offering is the first in a series of digital healthcare solutions from Cognizant as the company accelerates its client offerings aimed at implementing advanced healthcare technology to increase patient engagement, enhance personalized care, provide remote patient monitoring, and facilitate improved patient outcomes. Future offerings will build upon existing solution capabilities to help clients expedite implementation.”
THIS MEANS THAT EVERY SALE MADE BY THIS AGREEMENT IS A SALE OF RHT!
How ever there is a possible question that has to be answered with a positive answer.
RHT has been successful in expanding its coverage of users by convincing medical staff of its superior product as well as a financial benefit to the doctors.
CHRS/Microsoft will be attempting to sell RHT’s product to the huge number of their membership Will the medical component agree-probably. Will the general population agree ? That is the question. The constant TV ads for medical drugs that we see show there is a successful acceptance of medical appeal.
The Market seems to indicate an expectation of a successful rollout. Shareholders will soon see the ads. Hang on.