Leading information technology and business process services
CGI Group Inc.
), recently announced that it has received a five-year contract
from Kentucky Health Cooperative (KYHC) and Louisiana Health
Cooperative (LAHC) to provide healthcare payer services. KHYC and
LAHC are among the 24 Consumer Operated and Oriented Plans
(CO-OPs) formed through the Affordable Care Act (ACA) to provide
competitive health plans.
CGI Group will provide both the companies a comprehensive
business process services platform, wherein both the companies
can avail facilities like enrollment billing, claims processing
and printing and fulfillment from its Center of Excellence in
Both KYHC and LAHC believe that CGI Group can provide them with
customized solutions according to their business requirements to
help them provide quality health coverage to their customers. CGI
Group's earlier association with state health insurance exchanges
and the U.S. Federally-Facilitated Marketplace was also one of
the reasons for selecting it ahead of its peers.
CGI Group also believes that it has the competency and business
knowledge to provide new strategies so that health payers can
successfully compete in the consumer-dominated health insurance
CGI Group employs around 69,000 professionals and provides
services in countries like Canada, the United Stares, Europe and
U.S. based LAHC and KYHC are backed by an association of
providers and business leaders who plan to improve the health
outcomes by offering quality healthcare services at affordable
rates. Both LAHC and KYHC will be providing health care plans
from Jan 1, 2014.
CGI Group currently carries a Zacks Rank #2 (Buy). Some other
stocks within the industry worth mentioning are
) carrying a Zacks Rank #1 (Strong Buy),
PDF Solutions Inc
Forrester Research Inc.
), both carrying a Zacks Rank #2 (Buy).
FORRESTER RESH (FORR): Free Stock Analysis
CGI GRP INC -A (GIB): Free Stock Analysis
INNODATA ISOGEN (INOD): Free Stock Analysis
PDF SOLUTIONS (PDFS): Free Stock Analysis
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