Cognizant, leading Nasdaq-listed IT services company, on Thursday announced that it completed acquisition of Bolder Healthcare Solutions.
Kentucky-based Bolder is a provider of revenue cycle management (RCM) solutions to hospitals, physician practices and other specialist healthcare organizations in the US.
Commenting on the development, Cognizant Executive Vice President and Global Head of Healthcare Kaushik Bhaumik said the addition of Bolder Healthcare Solutions to the Cognizant portfolio enables us to offer more services.
"It will help us to broader our range of healthcare providers and equip them with a digital foundation for outcome based models and greater efficiency,” he said.
He said 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.
Cognizant expects the acquisition will expand the company's range of digital healthcare solutions, enabling it to better address the large provider segment of the US healthcare market.
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.
