STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

mecwacare selects Cognizant as strategic delivery partner to launch revolutionary digital transformation program

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership

mecwacare, a Victorian aged care provider, has partnered with Cognizant (Nasdaq: CTSH) for a multi-year digital transformation program. The initiative aims to modernize mecwacare's IT systems, optimize service delivery, and leverage data, analytics, and AI. Cognizant will implement an integrated platform powered by Salesforce and Workday to enhance person-centered care and operational efficiency.

Key objectives include:

  • Improving client and workforce experiences
  • Enabling data-driven decision-making at the point of care
  • Revolutionizing service delivery with a holistic, person-centric approach
  • Enhancing operational effectiveness and care quality

This significant investment underscores mecwacare's commitment to innovation and excellence in aged care services, addressing the growing needs of clients and families while strengthening Cognizant's presence in the public sector and health industry.

Loading...
Loading translation...

Positive

  • Strategic partnership with Cognizant for digital transformation
  • Implementation of integrated platform powered by Salesforce and Workday
  • Potential for improved operational efficiency and service delivery
  • Enhanced data-driven decision-making capabilities
  • Strengthened position in the aged care sector through innovation

Negative

  • None.

Insights

This partnership marks a significant leap in digital transformation for the aged care sector. The integration of Salesforce and Workday platforms promises to create a unified ecosystem that could revolutionize service delivery. The focus on data analytics and AI is particularly noteworthy, as it has the potential to enable predictive care models and personalized service delivery.

However, the success of this initiative will largely depend on effective change management and staff training. The transition from fragmented IT systems to a centralized platform may present initial challenges. Moreover, the emphasis on data-driven decision-making at the point of care raises questions about data privacy and ethical AI use in healthcare settings.

This transformation could significantly enhance operational efficiency and care quality in aged care. The "hub" approach, centered on client needs, aligns with the industry's shift towards person-centered care. By leveraging data analytics, mecwacare can potentially optimize resource allocation and improve care outcomes.

However, the success of this initiative hinges on seamless integration of technology with human touch in care delivery. There's a risk of over-reliance on technology, potentially compromising the personal connection important in aged care. Furthermore, the substantial investment in this transformation may impact short-term financial performance, although long-term benefits could outweigh initial costs if implemented effectively.

This partnership signals a growing trend of digital transformation in the aged care sector, potentially setting a new industry standard. It could give mecwacare a competitive edge in attracting both clients and skilled staff. The collaboration with tech giants like Cognizant, Salesforce and Workday adds credibility to the initiative.

However, the success of this transformation will be measured by tangible improvements in care quality and operational efficiency. The market will be watching closely for demonstrable ROI and improved client outcomes. If successful, this could trigger a ripple effect, prompting other aged care providers to accelerate their digital initiatives, potentially reshaping the competitive landscape of the sector.

mecwacare and Cognizant embark on multi-year relationship to drive innovation and enhance experiences for mecwacare's workforce, clients and their families.

SYDNEY and TEANECK, N.J., Sept. 18, 2024 /PRNewswire/ -- mecwacare, a Victorian aged care and community services provider, has announced a complete transformation. In collaboration with Cognizant (Nasdaq: CTSH), a global leader in technology and professional services, mecwacare aims to drive innovation, expanding its healthcare services and enhancing experiences for clients, their families, employees and the broader community.

This digital transformation aims to modernise mecwacare's existing enterprise applications and fragmented IT systems by optimising service delivery and enabling a future powered by deep data, analytics and AI.

"This ambitious project underscores mecwacare's commitment to creating a client and workforce experience that builds on our 65-year heritage and enables us to respond to the changing needs of those we serve as an industry," said Anne McCormack, CEO of mecwacare.

She continued, "Our mission has always been to provide the highest quality care to those in need, and this significant investment is the next step in our unwavering dedication to this mission. We believe that by embracing digital transformation, we will gain the data and insights to enable us to deliver even more outstanding and personalised care, better understand the journey of our clients, improve the training and work experience for our staff, and enhance our overall operational effectiveness."

As mecwacare's delivery partner, Cognizant will implement a single integrated platform across the aged care provider's entire range of services designed to optimise operations and facilitate person-centred care. The platform, powered by the integration of Salesforce and Workday, will innovate service delivery and people experience, supporting mecwacare's clients to age in place while receiving tailored and quality care.

The aged care provider aims to revolutionise the way they deliver care by embracing a holistic person-centric "hub" approach driven by client needs and anchored in quality, safety and technology. Data and analytics will enable mecwacare employees to make informed decisions at the point of care to enhance both care delivery and operational efficiency.

Jane Livesey, Head of Asia Pacific and Japan at Cognizant said, "We are thrilled to partner with mecwacare as they embark on their digital transformation journey. This collaboration is a testament to mecwacare's commitment to addressing the growing needs of their clients and families. By leveraging Cognizant's innovative technology and global capabilities, we aim to support mecwacare in revolutionising aged care services. Together, we can enhance the quality of care for the elderly, ensuring they receive compassionate and efficient service."

"This partnership also highlights the capabilities of Cognizant's newly expanded Public Sector and Health team, who bring deep industry expertise to enhance interactions with government and healthcare organisations. Our partnership with mecwacare not only strengthens our presence in this sector and the community, but also underscores our dedication to making a meaningful impact to the lives of Australians."

The project is a significant investment in the future of aged care by mecwacare which highlights its proactive approach to innovation and excellence in service delivery.

"Good data and actionable insights are key for not-for-profit organisations to ensure their programs drive real impact," said Andrew Hill, Vice President, Salesforce for Nonprofits APAC. "We greatly value the impact our local not-for-profit organisations have in our community, and we're looking forward to working with Cognizant to deliver this important digital transformation for mecwacare, empowering its important work across the aged care and community services sectors."

"Aged care is undergoing significant changes, that may be disruptive for both staff and the providers' bottom line. Aged care providers like mecwacare are seeing the value of a unified platform like Workday for people and money, which gives them complete visibility of their operations, as well as the business agility to help navigate a changing landscape. With an improved end user experience, staff spend less time on administrative tasks, allowing them to focus more on delivering care," said Jo-Anne Ruhl, Vice President and Managing Director, Workday Australia and New Zealand.

About mecwacare

mecwacare is a leading provider of aged care services, offering a range of residential, in-home, and community support services. With a strong commitment to quality and compassionate care, mecwacare supports thousands of individuals to live fulfilling and dignified lives.

About Cognizant

Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant.

For more information about mecwacare and their digital transformation, please contact:

Sharron Clark
General Manager – Marketing, Communications and Fundraising
Email: media@mecwacare.org.au

For more information about Cognizant and for media enquiries, please contact:

Europe / APAC / US

Name Christina Schneider

Email christina.schneider@cognizant.com


India

Name Rashmi Vasisht

Email rashmi.vasisht@cognizant.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/mecwacare-selects-cognizant-as-strategic-delivery-partner-to-launch-revolutionary-digital-transformation-program-302251680.html

SOURCE Cognizant Technology Solutions

FAQ

What is the purpose of Cognizant's partnership with mecwacare?

Cognizant (CTSH) is partnering with mecwacare to launch a digital transformation program aimed at modernizing IT systems, optimizing service delivery, and enhancing experiences for mecwacare's workforce, clients, and their families.

How will the digital transformation benefit mecwacare's clients?

The transformation will enable mecwacare to deliver more personalized care, better understand client journeys, and improve overall care quality through data-driven insights and a holistic, person-centric approach.

What technologies will be implemented in mecwacare's digital transformation?

Cognizant (CTSH) will implement an integrated platform powered by Salesforce and Workday, designed to optimize operations and facilitate person-centered care across mecwacare's range of services.

How does this partnership impact Cognizant's (CTSH) presence in the healthcare sector?

The partnership strengthens Cognizant's presence in the public sector and health industry, showcasing its expanded Public Sector and Health team's capabilities and commitment to making a meaningful impact on Australian healthcare.
Cognizant Technology Solutions

NASDAQ:CTSH

CTSH Rankings

CTSH Latest News

CTSH Latest SEC Filings

CTSH Stock Data

36.16B
482.10M
0.1%
101.6%
5.15%
Information Technology Services
Services-computer Programming Services
Link
United States
TEANECK