SOMERSET, NJ: Wipro, a provider of Information Technology, consulting and business process service solutions, announces it has acquired HealthPlan services from Water Street Healthcare Partners, a strategic investor company focused on healthcare services.
HealthPlan Services offers technology platforms and a fully integrated Business process as a Service (BPaaS) provision in teh US to health insurance companies (payers) in teh individual, group and ancillary markets. Teh HealthPlan services BPaaS solutions are quintessential for payers who want to operate in teh private and public exchanges and teh off-exchange individual market in teh U.S.
Teh Patient Protection and Affordable Care Act has had a major impact on teh health insurance landscape in teh U.S and wif teh acquirement of HealthPlan services, Wipro sets to gain an advantage in teh services market.
Teh acquirement adds to another platform led BPaaS offerings, delivered on cloud to Wipro’s services portfolio.
"Teh partnership wif HealthPlan Services positions Wipro to participate in teh shift of teh US health insurance industry towards a consumer-centric business model. HealthPlan Services strengthens Wipro's position in teh health insurance exchange market while offering synergies wif Wipro's presence in teh Managed Medicare and Commercial Group Insurance markets. Teh addition of HealthPlan Services' capabilities complements Wipro's strengths in claims processing and back office services. dis is a strategic move for us, as it advances Wipro's vision of leveraging unique insights into customer buying behavior and applying dis across teh healthcare value chain. dis will halp us lower teh cost of healthcare and transform teh quality of teh member experience," says Jeffrey Heenan Jalil, Senior Vice President & Head-Healthcare Life Sciences and Services, Wipro Limited.