Bangalore, India - March 15, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), announced the launch of its NextGen Care Management solution for the US healthcare market, specifically aimed at primary care physicians and healthcare providers. The objectives of the Wipro solution are aligned with the United States' Medical Home and Accountable Care Organization (ACO) program to enable personalized, affordable and quality care. Wipro's NextGen Care Management solution enables physicians to drive patient participation in devising a personalized care plan with defined care goals, treatment plan and health improvement activities.
Wipro's application is built on Force.com, salesforce.com's social enterprise platform for employee facing social apps and, is uniquely positioned as a cloud based care management services and adopts the core principles of patient centricity, coordinated healthcare, interoperability, mobility, and outcome to better manage chronic, post-acute and elderly patient population.
General physicians and specialists can now experience continuity of information through a longitudinal view of patient's medical history, assessment and clinical reports. Primary care physicians and specialists can also form Medical Care panels, online, to be deeply engaged with the patients to maintain long term relationships and facilitate care across the continuum.
The built-in collaboration platform in the solution uses tools such as sms, chat, alerts, reminders, activity workflows and helps in reducing cost by avoiding treatment overlaps, multiple clinical tests or hospitalization. The solution's compatibility with devices such as Smartphones, Tablet PCs and integration with remote patient monitoring devices ensure access to patient medical records at the point of care, for proactive and preventive care delivery. Wipro's solution provides performance analytics to help in developing an outcome driven and quality focused healthcare culture.
With the Obama Care act expanding healthcare coverage to an additional 32 million Americans, healthcare payers (insurance companies) and providers have to manage a huge influx of new members - an 81% growth, into the system. As a result, the payers and providers will need to go through a major IT transformation, through annual IT investments worth USD 3-5 billion, to handle this massive change and in order to provide high quality, affordable healthcare.
According to Vikash Jain, Partner, Everest Group, an independent advisory and research firm on global services, "An integrated solution for care management addresses a key need of the players who are trying to proactively and aggressively address the ‘cost of care' issue. In addition the cloud based proposition is very compelling given the advantages of rapid and low cost deployment, pay as you go models. This solution combines a key business need of the Payers and with the emerging next generation models that clients are looking for and should create significant interest."
Mohd Haque, Vice President, Healthcare Vertical, Wipro Technologies said "The burgeoning concept of patient centric care management is encouraging healthcare organizations to adapt innovations in managing chronic diseases, treating remotely, helping people to live longer. Wipro's solution is capable of transforming the current reactive, episodic, fragmented care delivery system into a foundation of partnership between payer, provider and patient to co-manage, monitor and measure delivery of care. Wipro is heavily investing in patient centric solutions, remote healthcare and ACO (Accountable Care Organizations) platforms that provide technology solutions for creating next generation care management."
Wipro has a comprehensive presence in the Healthcare Industry across payers, providers, healthcare distribution, healthcare services, e-health and government-funded programs.
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 131,000 employees and clients across 54 countries. For more information, please visit www.wipro.com
Media Contacts:
US:
Eric Belove
Wipro Technologies
+1 732 216 6242
eric.belove@wipro.com
UK:
Rahul Kadavakolu
Wipro Technologies
+44 7920205496
rahul.kadavakolu@wipro.com
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
