I believe I was the first poster who called the CTSH agreement with RHT a “GAMECHANGER “ deal, even before RHT President Dr L.Crossley used the term. I will explain why I believe I spoke of the deal correctly
Since the announcement of the Cognizant/Reliq Agreement, I spent much time attempting to
understand the ramifications of this development. The Market seems quite Blazey about the arrangement. Without exaggeration, I think this is a HUGE development for RHT that will result in a massive revenue stream for both companies.
But first, let’s look at CTSH on Nasdaq.
This is a multi BILLION dollar successful company whose 3rd quarter report shows
Number of employees: 318,400 (2021)
Revenue: 16.8 billion The 4th quarter financials are due Feb 4.
1) 200 million lives supported with their products
2) over 340 health systems
3) over 347,000 care providers
4) provide services to 80% of the Blue Cross plans in the US which have over 62 million subscribers.
Cognizant has 30,000 employees in their healthcare division compared to less than 100 for Reliq
Technology Partnerships, Cloud Strategy and Investment Portfolio are driving Cognizant's Growing Importance in Modernizing for Clients
Matrix® Assessment 2022. Intelligent automation includes Robotic Process Automation (RPA), Natural Language Processing (NLP), Artificial Intelligence (AI)/Machine Learning (ML), and cloud-based platforms that help reduce business costs, increase operational resilience and efficiencies, and improve patient care and engagement. Cognizant's top positioning in this report validates its ongoing investments and strategic partnerships that have advanced its performance. “While the industry faces an unprecedented competition for talent, we attracted a record number of employees to Cognizant, and stayed focused on delivering against our client commitments and our strategic repositioning,” said Brian Humphries, Chief Executive Officer. “We continue to make important investments to ensure Cognizant is well-positioned Healthcare revenue grew 10.0% year-over-year, or 9.8% in constant currency. Revenue growth among our life sciences clients was driven by increased demand for our services among pharmaceutical companies. Revenue growth among our healthcare customers benefited from increased demand for our integrated software solutions. Products and Resources revenue grew 19.4% year-over-year, or 18.1% in constant currency, which included the benefit of recently completed acquisitions and revenue growth driven by our client’s adoption of digital technologies.
So Great That shows what CTSH brings to the table! What does RHT bring
First, you must assume that CTSH, who has accumulated over 63 other companies as its torrid growth, illustrates, they would have performed strict searches before selecting RHT’s patent-protected Health Plan.
RHT’s increasing ability to obtain larger numbers of contracted groups shows they have a health program that is leading the field. One which is multi-lingual which opens up the world!
The sales that RHT has been successfully obtaining are a dramatic acceptance by the medical profession to prove the validity of expansion in the marketplace. Obviously, CTSH came to that conclusion as well.
L “Cognizant will be able to rapidly deploy a full suite of Care Management services to our largest new iUGO Care customers going forward. Reliq will continue to achieve the same or better profit margins on the Care Management component of our revenue as a result opartnership but will be able to deploy our full-service solution (iUGO Care software plus Care Management services) to very large clients much faster. Our agreement with Cognizant will allow us to scale to new levels and provide even the largest’s healthcare organizations with confidence that we can meet the needs of their patient populations, no matter the size.
. RHT has made a fantastic deal for shareholders
. Time costs money. For millions of patients uploading RHT would have to spend millions of dollars to train their staff and it would take months. CTSH has the staff already available. RHT will receive the full money per patient that they receive now whether $45.00 or $75.00 per patient per month or more! CTSH due to their developed system would make substantial sums from the system coverage.
So patients receive superior medical care. The providers, RHT,CTSH receive full payment
Medicare and Medical and all insurance companies pay significantly lower fees as reductions in hospital visits/ treatments are minimized. So taxpayers are happy.as well.
Once CTSH successfully shows the ability to upload millions of participants, those countries that have medical programs will come calling
A 1 million upload@ $75.00us monthly will pay RHT $67,500,000.00us a year with minimal expenses to RHT
I can dream!!
. “
AI
