Mastek Partners with Innovaccer to Transform Value-Based Care and improve the Patient Experience

Mastek (NSE: MASTEK; BSE: 523704), a trusted digital engineering and cloud transformation partner, is pleased to announce its strategic partnership with Innovaccer, a leading healthcare AI company to drive better outcomes at lower costs and meet contracted performance targets. This collaboration will help recalibrate Mastek's extensive healthcare focus by integrating Innovaccer's expertise in data, customer experience, AI, and analytics, enhancing service offerings, and delivering significant impact through a focused value-based care model.

With healthcare as a key strategic focus, Mastek and Innovaccer aim to deliver holistic solutions to healthcare organizations. This partnership will enable healthcare organizations to provide best-in-class patient/consumer experiences, improve health outcomes, and improve the overall quality of care, all while ensuring affordability for patients.

Innovaccer's AI-powered Health Experience Platform (HXP) unifies data from diverse sources, including electronic health records (EHRs), customer relationship management (CRM) systems, and enterprise data warehouses (EDWs). By integrating this platform with Mastek's Healthcloud capabilities, healthcare organizations will gain access to predictive and actionable insights, helping them enhance decision-making and patient outcomes. Omnichannel communication, marketing intelligence, and propensity scoring organizations will significantly enhance patient engagement across multiple touchpoints, delivering a more personalized and efficient healthcare experience.

Raman Sapra, President & Chief Growth Officer at Mastek said, "We are thrilled to partner with Innovaccer as Mastek further solidifies its role as a trusted system integrator, magnifying digital excellence and innovation within the healthcare industry. This partnership aligns with Mastek's mission to decomplexify the complex healthcare landscape, address critical market dynamics, and drive meaningful impacts in patient lives. We look forward to seeing our combined capabilities deliver a multitude of improvements in patient experience and achieve greater efficiency in our service offerings."

The partnership offers several key benefits for healthcare organizations:

Healthcare AI Platform: This suite of AI-powered applications will help automate trivial tasks, analyze clinical data, deliver insights, and ease data accessibility.

Data Integration/APIs for Interoperability: Advanced CX and analytics capabilities will help centralize data from diverse sources on a secure healthcare platform, streamlining document and record exchange through data modules and APIs for enhanced interoperability.

Population Health Management: Accelerate value-based care transformation by improving clinical, financial, operational, and experiential outcomes with advanced analytics and workflows.

Risk Adjustment and Care Management: Leveraging data-driven insights and AIpowered risk analytics will help customers identify gaps and format information from structured and unstructured data, providing a comprehensive 360-degree view to improve patient interactions and outcomes.

Patient Experience: Enterprise CRM will empower its healthcare clients to attract new consumers and guide patients throughout their entire care journey.

Seamless Integration and Digital Transformation: Mastek's expertise in digital engineering, cloud transformation, and healthcare IT integration will ensure smooth implementation of Innovaccer's solutions into existing healthcare ecosystems. This will also empower healthcare organizations to rapidly modernize their IT infrastructure, optimize workflows, and leverage advanced technologies while maintaining focus on core healthcare delivery.

"We're excited to partner with Mastek to bring our AI-powered Healthcare Experience Platform to a wider audience," said Abhinav Shashank, co-founder and CEO of Innovaccer. "This collaboration aligns perfectly with our mission to accelerate care innovation and empower healthcare organizations with scalable, modern applications to help them focus on what truly matters: delivering high-quality care. By combining Mastek's digital engineering expertise with our advanced healthcare technology, we're set to deliver personalized, connected, and convenient healthcare experiences that will not only improve patient outcomes but also drive growth and efficiency for healthcare providers. Together, we're taking a significant step towards realizing our vision of a more intelligent, patient-centric healthcare ecosystem."

Shares of Mastek Limited was last trading in BSE at Rs. 2840.75 as compared to the previous close of Rs. 3018.25. The total number of shares traded during the day was 31157 in over 4072 trades.

The stock hit an intraday high of Rs. 3058.00 and intraday low of 2820.65. The net turnover during the day was Rs. 90644951.00.

Source : Equity Bulls

Keywords

Mastek INE759A01021 StrategicPartnership Innovaccer