HFS

70%+ of Payers and Providers Anticipate Greatest Impact of Gen AI on Health Outcomes and Member Experience, According to HFS Research and Cognizant Report

Retrieved on: 
Thursday, March 28, 2024

C-suite (CXOs) and senior leaders at 350 US health plans and health systems were asked for their insights to explore the impact of vertical integration and generative AI (gen AI) on payer-provider friction and consumer experience and engagement.

Key Points: 
  • C-suite (CXOs) and senior leaders at 350 US health plans and health systems were asked for their insights to explore the impact of vertical integration and generative AI (gen AI) on payer-provider friction and consumer experience and engagement.
  • Lack of gen AI skills―programming, statistics, machine learning, data processing and visualization, and certain domain understanding―is a top challenge cited by payers and providers in adopting gen AI.
  • While leadership across healthcare is keen on making progress on gen AI, senior leaders and practitioners often express reservations about true impact.
  • “The report highlights the disconnect between payers and providers and its impact on patient engagement and health outcomes,” said Patricia Birch SVP and Chief Strategy Officer for Cognizant Health Sciences and report co-author.

FPT Software Named Disruptor in HFS Horizons: Manufacturing Intelligent Operations Services, 2024

Retrieved on: 
Monday, March 25, 2024

Global IT firm FPT Software has been recognized as a Disruptor in HFS Horizons: Manufacturing Intelligent Operations Services, 2024 .

Key Points: 
  • Global IT firm FPT Software has been recognized as a Disruptor in HFS Horizons: Manufacturing Intelligent Operations Services, 2024 .
  • This marks the inaugural inclusion of FPT Software in this prestigious industry assessment, demonstrating its capabilities in the manufacturing sector.
  • View the full release here: https://www.businesswire.com/news/home/20240324780284/en/
    The report examines the capabilities of 12 top service providers delivering intelligent operations services tailored to the manufacturing sector.
  • Combined with its comprehensive understanding of manufacturing operations, FPT Software can ensure seamless implementation and optimal outcomes for its clients.

$122.5 Million Healthcare Transformation Grant Launches Center for Better Aging

Retrieved on: 
Thursday, March 28, 2024

CHICAGO, March 28, 2024 /PRNewswire/ -- A one-of-a-kind healthcare collaborative, the Center for Better Aging (CBA) located at St. Bernard Hospital, opens in July with a health equity mandate to serve the growing 50+ population on Chicago's Greater South Side. 

Key Points: 
  • "A whole-person, collaborative approach will be vital to closing the life expectancy gap in the greater South Side community," said Center for Better Aging Executive Director Estrelitta Harmon .
  • CBA partners will elevate the standard of aging adult care and focus on what matters to each patient."
  • St. Bernard Hospital is the lead partner in securing a $122.5 million grant from the Illinois Department of Healthcare and Family Services to fund the nonprofit CBA under the HFS Healthcare Transformation Collaboratives program.
  • HFS is excited to continue this partnership with the Center for Better Aging, as we work together to reduce disparities, better serve customers and ultimately improve health outcomes in South Side communities."

Theratechnologies Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2023 and Provides 2024 Guidance

Retrieved on: 
Wednesday, February 21, 2024

For the fourth quarter of Fiscal 2023, sales of EGRIFTA SV® reached $16,958,000 compared to $14,458,000 in the fourth quarter of the prior year, representing an increase of 17.3%.

Key Points: 
  • For the fourth quarter of Fiscal 2023, sales of EGRIFTA SV® reached $16,958,000 compared to $14,458,000 in the fourth quarter of the prior year, representing an increase of 17.3%.
  • In the fourth quarter of Fiscal 2023, Trogarzo® sales amounted to $6,494,000 compared to $6,963,000 for the same quarter of Fiscal 2022, representing a decrease of 6.7%.
  • Lower unit sales in the fourth quarter of Fiscal 2023, were also a result of higher inventory buildup in Fiscal 2022, a situation which has resolved itself in Fiscal 2023.
  • Net finance costs in the fourth quarter of Fiscal 2022 included interest on the Convertible Notes, whereas this amount was nil in the fourth quarter of Fiscal 2023.

HFS Research Appoints Francis Carden as Chief Technology Evangelist

Retrieved on: 
Tuesday, March 5, 2024

HFS Research , a leading global research and analysis firm that helps companies tackle challenges, make bold moves, and bring big ideas to life, welcomes Francis Carden as Chief Technology Evangelist .

Key Points: 
  • HFS Research , a leading global research and analysis firm that helps companies tackle challenges, make bold moves, and bring big ideas to life, welcomes Francis Carden as Chief Technology Evangelist .
  • View the full release here: https://www.businesswire.com/news/home/20240305083372/en/
    Software automation expert and business leader, Francis Carden, named Chief Technology Evangelist at HFS Research.
  • Prior to joining HFS Research full-time, Carden served as a Research Fellow and Senior Advisor at HFS, contributing significantly to research initiatives.
  • “His impressive background and leadership experience has made him a prominent figure in the field, and we are delighted to have him as our Chief Technology Evangelist.”
    Prior to joining HFS Research full-time, Carden served as a Research Fellow and Senior Advisor at the global firm, contributing significantly to research initiatives.

WNS and HFS Research Launch Gen AI Market Impact Report

Retrieved on: 
Tuesday, February 27, 2024

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced the launch of a market impact report, Democratizing Gen AI: A Reality Check for Business Transformation , in partnership with HFS Research, the global research and analysis firm.

Key Points: 
  • WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced the launch of a market impact report, Democratizing Gen AI: A Reality Check for Business Transformation , in partnership with HFS Research, the global research and analysis firm.
  • The report highlights insights from business leaders across seven industries, who have shared their priorities, challenges, and progress in their respective Gen AI journeys.
  • View the full release here: https://www.businesswire.com/news/home/20240226147000/en/
    According to the report, Gen AI represents a transformative force with the potential to democratize access to AI and flatten decision-making structures.
  • As Gen AI democratizes AI across the enterprise, decision-making power concerning AI applications and other critical aspects will be decentralized.

Enterprises' Lack of Strong Data Foundation Hinders Wide-Scale GenAI Adoption

Retrieved on: 
Wednesday, February 28, 2024

BOSTON, Feb. 28, 2024 /PRNewswire/ -- Syniti, a global leader in enterprise data management, today announced the results of a study developed with HFS Research to help organizations understand the value they can derive from their generative AI (GenAI) investments. The paper, titled "Don't let your GenAI project fail before it begins," provides four guidelines for how organizations can take a Data First approach to achieve better business outcomes, with input from real-world use cases.

Key Points: 
  • However, organizations are quickly finding their data isn't ready to reap the value due to lack of data quality and management.
  • An improper data foundation can lead to real-world business consequences outside of just poor data quality outputs.
  • Naveen Gupta, global data leader, IKEA, said: "The biggest challenge we're facing in IKEA is having data management practices in place.
  • Companies have a long way to go in terms of data quality and management, but a Data First approach will set organizations up for success."

Infosys Topaz Unveils Responsible AI Suite of Offerings, to help Enterprises Navigate the Regulatory and Ethical Complexities of AI-powered Transformation

Retrieved on: 
Tuesday, February 27, 2024

BENGALURU, India, Feb. 27, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the launch of its Responsible AI Suite, a part of Infosys Topaz, an AI-first set of services, solutions, and platforms using generative AI.­­­

Key Points: 
  • The Responsible AI Suite is designed to help enterprises balance innovation with ethical considerations, such bias and privacy prevention, and maximize their return on investments.
  • Infosys Topaz Responsible AI Suite is a set of 10+ offerings built around the Scan, Shield, and Steer framework.
  • Infosys Topaz Responsible AI Suite will be amplified by an ecosystem of technology partners and think tanks via the Responsible AI Coalition.
  • Infosys Topaz Responsible AI Suite is a significant stride in helping our clients better manage their AI-first journey.

Infosys Topaz Unveils Responsible AI Suite of Offerings, to help Enterprises Navigate the Regulatory and Ethical Complexities of AI-powered Transformation

Retrieved on: 
Tuesday, February 27, 2024

BENGALURU, India, Feb. 27, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the launch of its Responsible AI Suite, a part of Infosys Topaz, an AI-first set of services, solutions, and platforms using generative AI.­­­

Key Points: 
  • The Responsible AI Suite is designed to help enterprises balance innovation with ethical considerations, such bias and privacy prevention, and maximize their return on investments.
  • Infosys Topaz Responsible AI Suite is a set of 10+ offerings built around the Scan, Shield, and Steer framework.
  • Infosys Topaz Responsible AI Suite will be amplified by an ecosystem of technology partners and think tanks via the Responsible AI Coalition.
  • Infosys Topaz Responsible AI Suite is a significant stride in helping our clients better manage their AI-first journey.

GenAI Impact on U.S. Economy Could Exceed $2.25 Trillion According to HFS Research and Ascendion GenAI Report: Your Generative Enterprise™ Playbook for the Future

Retrieved on: 
Thursday, February 15, 2024

And yet, no single technology advance in the past several decades has attracted more attention – or created more fear – than Generative AI.

Key Points: 
  • And yet, no single technology advance in the past several decades has attracted more attention – or created more fear – than Generative AI.
  • View the full release here: https://www.businesswire.com/news/home/20240215493232/en/
    HFS Research, in partnership with Ascendion, is releasing Your Generative Enterprise™ Playbook for the Future, an applied research series offering enterprise leaders a head start in the race to succeed with GenAI technology.
  • (Graphic: HFS Research)
    HFS Research , in partnership with Ascendion , is now releasing Your Generative Enterprise™ Playbook for the Future , a first-of-its-kind applied research series offering enterprise leaders a head start in the race to succeed with GenAI technology.
  • According to HFS Research Executive Research Leader David Cushman , “Study respondents have effectively visited the future.