TEANECK, N.J., Aug. 28, 2017 /PRNewswire/ -- Cognizant
(NASDAQ: CTSH) today announced it has completed its acquisition of TMG Health, a leading national provider of business process
services to the Medicare Advantage, Medicare Part D and Managed Medicaid markets in the United
States, supporting 32 health plans and more than 4.4 million members in all 50 states.
The combined capabilities of TMG Health and Cognizant's TriZetto healthcare administration software platforms establish
Cognizant as the top provider of enhanced business process platforms, digital solutions and services for government and public
managed healthcare programs in the U.S., and extends Cognizant's leadership as a fully integrated healthcare technology and
operations provider.
TMG Health's primary facility near Scranton, Pennsylvania will serve as Cognizant's National
Center of Excellence for Medicare/Medicaid services, providing clients with services ranging from member enrollment to care
management, using a predictable, cost-effective business process-as-a-service (BPaaS) model. Cognizant's BPaaS solutions
combine a cloud-based infrastructure, collaboration and intelligent automation platforms, and deep subject matter expertise to
perform knowledge work and deliver pre-configured, best-in-class services to health plans. A flexible BPaaS operating
infrastructure enables healthcare organizations to reduce administrative costs while improving data quality and patient and
provider experiences.
"With the addition of TMG Health, Cognizant is further enhancing the way healthcare organizations, plan providers and members
can benefit from new digital business models," said Kaushik Bhaumik, Executive Vice President and
global head of healthcare at Cognizant. "Many of our payer clients are expanding their government-regulated business lines and
are increasingly embracing flexible BPaaS models to control costs and improve experiences as they address these growing,
competitive and changing markets. We welcome TMG Health's dedicated, experienced team who serve large and small health plans and
pharmacy benefit managers across the country. TMG Health's capabilities expand the breadth of Cognizant's healthcare
offerings and will enable a wider range of regional and national healthcare organizations to harness the benefits of scale that
our BPaaS solutions provide."
Additional Information about Cognizant's Healthcare Practice, and Medicare and Medicaid Solutions
http://www.cognizant.com/healthcare
http://www.cognizant.com/whitepapers/cognizant-medicare-medicaid-solutions.pdf
About TMG Health
TMG Health is the leading national provider of
Business Process Outsourcing solutions for Medicare Advantage, Medicare Part D and Managed Medicaid plans. With more than 19
years of experience in providing technology-enabled services to the government market exclusively, our knowledge of health plan
processes, regulatory requirements and the daily challenges plans face within the government market is second to none. Our
expertise, coupled with a strong commitment to our clients' success, positions us as a trusted partner who can help solve the
challenges of today and prepare for those of tomorrow.
About Cognizant
Cognizant (NASDAQ-100:CTSH) is one of the world's leading professional services companies, transforming clients'
business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients
envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is ranked 205 on the
Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with
digital at www.cognizant.com or follow us
@Cognizant.
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SOURCE Cognizant