Mastek surges on partnering with Onyx Health to accelerate healthcare data interoperability
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Mastek is currently trading at Rs. 3025.40, up by 27.10 points or 0.90% from its previous closing of Rs. 2998.30 on the BSE.
The scrip opened at Rs. 2987.50 and has touched a high and low of Rs. 3083.35 and Rs. 2970.00 respectively. So far 4843 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3147.00 on 16-Feb-2024 and a 52 week low of Rs. 2105.95 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 3083.35 and Rs. 2927.15 respectively. The current market cap of the company is Rs. 9348.02 crore.
The promoters holding in the company stood at 36.25%, while Institutions and Non-Institutions held 21.15% and 42.60% respectively.
Mastek has entered into a strategic partnership with Onyx Health, an innovator in healthcare interoperability solutions. This collaboration aims to expedite the adoption of FHIR (Fast Healthcare Interoperability Resources) standards, driving enhanced data interoperability and ultimately better health outcomes for patients.
In an era where seamless data exchange is critical for effective healthcare delivery, the partnership between Mastek and Onyx Health will provide health plans with an out-of-the-box compliance solution for CMS-9115 (Patient Access API) and CMS-0057 (Advancing Interoperability and Electronic Prior Auth) rules. These regulations, pivotal to modernizing healthcare data exchange, require health plans to ensure secure, standardized data sharing across systems. Mastek and Onyx Health are at the forefront of delivering comprehensive solutions to meet these stringent regulatory requirements efficiently and effectively.
This strategic partnership represents a significant step forward in addressing the interoperability challenges faced by the healthcare industry. By combining the strengths of Mastek and Onyx Health, this collaboration promises to deliver innovative solutions that will shape the future of healthcare data exchange.
Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.
