Coforge jumps on launching ARC for healthcare industry
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Coforge is currently trading at Rs. 5598.40, up by 115.45 points or 2.11% from its previous closing of Rs. 5482.95 on the BSE.
The scrip opened at Rs. 5500.00 and has touched a high and low of Rs. 5631.60 and Rs. 5485.00 respectively. So far 7812 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5631.60 on 05-Sep-2023 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.
Last one week high and low of the scrip stood at Rs. 5631.60 and Rs. 5201.40 respectively. The current market cap of the company is Rs. 34304.44 crore.
The promoters holding in the company stood at 26.63%, while Institutions and Non-Institutions held 61.98% and 11.39% respectively.
Coforge has launched ARC (Authorization Rules Center) for the healthcare industry to transform the prior authorization process for health insurers and providers. The prior authorization process has long been regarded as one of the most burdensome aspects of healthcare. Manual maintenance of authorization rules, disparate systems and subjective decision-making results in high costs, inconsistent outcomes, reduced satisfaction levels and limited scalability.
ARC serves as a centralized rules engine, providing a connected, single source of truth for authorization rules. This powerful solution empowers subject matter experts to directly author and maintain rules, while also offering intelligent tools and guidance to ensure flawless execution. By connecting with any system that requires reference authorization rules, ARC provides real-time answers through APIs, eliminating the need for manual intervention and enhancing efficiency.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
