) won two new deals from the "New York University Langone Medical
Center" (NYU Langone) and the European Commission Directorate
General for Home Affairs.
The company won a contract from NYU Langone to support its
ICD-10 implementation program by using clinical processes. This
will help recognize and reduce financial losses.
As per the latest agreement, the consulting company will aid
NYU Langone to shift all the areas related to ICD-10 mandates,
associated with the implementation of computer-assisted coding
software. This in turn will help the latter administer online
training and support the entire healthcare network, which
includes help taken by the physicians. This apart, Accenture is
expected to help in dual coding up to 12 months prior to the
federally mandated ICD-10 deadline.
The company has also won a deal from the European Commission
Directorate General for Home Affairs. The commission has awarded
the contract jointly to Accenture, Morpho (Safran) and
) to maintain the technology setup of the European Visa
Information System (VIS). The contract has a total period of
three years, with an extension period of one year and a maximum
value of €70 million.
Over the past decade, Accenture won several deals across
different business segments. However, the company is now focused
on deals with better margins. A series of contract wins at the
beginning of 2013, is certainly a good start for Accenture. Apart
) have also started aggressive marketing to grab a chunk of the
healthcare market as well as other software or allied
Accenture has increased focus on the healthcare industry,
which is growing rapidly and offering different employment and
business opportunities. A recently-published report from the
Bureau of Labor Statistics suggests that December was a huge
hiring month for healthcare, with the addition of 45,000
We are optimistic about Accenture's broad industry exposure as
this could mitigate the weakness in government spending.
Currently, Accenture has a Zacks Rank #4 (Sell).
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