Cognizant agreed to acquire revenue cycle management company Bolder Healthcare Solutions.
Here are five things to know.
1. Cognizant is a professional services company based in Teaneck, N.J.
2. Bolder, based in Louisville, Ky., provides RCM services to hospitals and other healthcare organizations nationwide.
3. Through the transaction, Cognizant will be able to grow its portfolio of digital solutions focused on healthcare and reach more healthcare organizations, including hospitals, hospital outpatient departments, physician practices, and other specialty care providers, according to a news release.
4. Kaushik Bhaumik, executive vice president and global head of healthcare at Cognizant, said in a statement: "High-quality RCM solutions help providers achieve efficient management of their business, while placing more of their focus on the quality of patient care. When combined with Cognizant's broad set of offerings for payers and providers, Bolder Healthcare Solutions' capabilities and experts will open new market opportunities as we enable more payers and providers to embrace outcome-based models and innovate with data analytics, cognitive computing and robotic process automation for more efficient management of their businesses and ultimately better patient outcomes."
5. The transaction is expected to be completed in the second quarter of this year, pending regulatory approval. Financial details of the transaction were not disclosed.
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