Company recognized for strong healthcare domain knowledge, and differentiated and targeted product portfolio
WESTBOROUGH, Mass. – (March 4, 2015) – Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that it has received Frost & Sullivan’s 2014 Global System Integration in Healthcare Product Line Strategy Leadership Award. This award is presented each year to the company that demonstrates best-in-class performance in three critical areas: understanding demand, nurturing the brand, and differentiating from the competition.
Virtusa was recognized for the work the company performed during the last fiscal year to deepen its healthcare domain knowledge, build targeted solutions that solve critical business pain points, and to continuously make investments to ensure it has resources with deep healthcare knowledge. Driven by its IT consulting, technology and outsourcing services, Virtusa accelerates innovation for its clients and maximizes the value of their IT investments.
“We are tremendously humbled to be honored for our leadership in the healthcare industry by Frost & Sullivan,” said Murtuza Mukadam, senior director, Healthcare practice, Virtusa. “The healthcare industry today is undergoing a period of major transformative changes driven by healthcare reform, a shift from volume to value-based care, digitization of the health ecosystem, and a focus on customer centricity. Virtusa’s market-leading healthcare solutions and services are enabling enterprise clients adapt to the new retail environment in healthcare, improve their capabilities to execute core operational processes, and drive growth in customer engagement and acquisition.”
Virtusa provides solutions and services to Fortune 1000 companies across the entire healthcare ecosystem, encompassing healthcare payers, providers, service providers, and independent software vendors. Leveraging deep domain expertise in healthcare and thought leadership in technology practices, including business process management (BPM); enterprise information management (EIM); and distinct millennial solutions such as cloud, analytics, customer experience management (CEM), mobility, and gamification, the company provides innovative solutions designed to meet the unique needs of various healthcare organizations. The product line of the company is extensive and includes contact center transformation, product and benefits transformation, claims analytics, value-based payment transformation, claims transformation, and medical adherence solutions.
“When we evaluated the major players in the healthcare IT space, Virtusa stood out to us amongst its competitors,” said Shruthi Parakkal, research analyst, Frost & Sullivan. “Our independent analysis of the market clearly shows that as a result of persistent efforts in enhancing its product line, clients experience significant cost-savings and superior customer experience and satisfaction; Virtusa is at the center of the healthcare industry’s offerings.”
Frost & Sullivan’s awards recognize companies in a variety of global and regional markets for demonstrating outstanding achievement and superior performance in areas such as visionary innovation, competitive strategy, leadership, and technology and product development. The company’s Global Product Line Strategy Leadership Award recognizes a company’s inordinate focus on providing high-value IT services that enable its clients to enhance business performance, accelerate time to market, increase productivity and improve customer service, while building and sustaining application platforms for its clients that create a clear competitive advantage.