HCL Technologies rises on winning ICD 10 transformation deal

22 Feb 2012 Evaluate

HCL Technologies is currently trading at Rs. 494.00, up by 1.40 points or 0.28% from its previous closing of Rs. 492.60 on the BSE.

The scrip opened at Rs. 494.65 and has touched a high and low of Rs. 497.80 and Rs. 493.00 respectively. So far 10388 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 528.40 on 21-Apr-2011 and a 52 week low of Rs. 360.10 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 502.00 and Rs. 468.10 respectively. The current market cap of the company is Rs. 34321.97 crore.

The promoters holding in the company stood at 64.18% while Institutions and Non-Institutions held 27.09% and 8.72% respectively.

HCL Technologies, a leading global IT services provider, has won the ICD 10 transformation deal with Blue Shield of California whereby Blue Shield will leverage HCL’s iCRM web based tool to complete its ICD 10 remediation to meet the compliance deadline of October 2013.

According to the agreement, HCL’s Proprietary ICD 10 Transformation Framework will help Blue Shield of California to transition people, processes, and technology from ICD-9 to ICD-10. HCL’s ICD 10 Transition framework with built-in proprietary tools, takes a comprehensive approach to assessment & remediation, and automates a significant amount of the transition exercise to streamline compliance efforts.

The iCRM (ICD Crosswalk and Reimbursement Mapping) web based tool can be integrated with any application or system in the Payer organization’s portfolio. It addresses all types of integration and data handling with respect to real-time, batch and user queries while ensuring an improvement in the quality measurement of data, research, organizational monitoring, and performance.

HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception, HCL focuses on 'transformational outsourcing,' underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO.

HCL Tech. Share Price

1959.20 0.00 (0.00%)
18-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
TCS 4348.20
Infosys 1978.90
HCL Tech. 1959.20
Wipro 312.65
Tech Mahindra 1778.30
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.