Patni Enhances HIPAA 5010, ICD-10 Offerings

Patni Computer Systems Ltd. (Patni) (BSE: 532517, NSE: PATNI, NYSE: PTI), a leading global IT services and BPO provider, today introduced enhanced versions of its HIPAA 5010 and ICD-10 assessment and migration service offerings. Leveraging the company’s extensive experience in the healthcare domain and its strategic alliance with Milliman consulting, Patni created an assessment framework designed to help healthcare organizations successfully convert from the HIPAA 4010 electronic transaction set to the 5010 set and from ICD-9 code sets to ICD-10.

While conversion complexity differs by organization, depending upon the number, type and flexibility of affected processes and systems, the Patni approach provides a proven roadmap to meet critical deadlines, while enabling payers to seize opportunities for organizational improvement and operational efficiency. With the compliance challenge exacerbated by slow economic recovery, mounting pressures of healthcare reform and conflicting business priorities, healthcare payers will be motivated to seek outside assistance from service providers such as Patni and Milliman.

"Facing regulatory deadlines in 2012 and 2013, and with ICD-10 compliance impacting nearly every core process, system and interface, healthcare organizations must begin their remediation efforts sooner rather than later,” said Ganesh Iyer, Senior Vice President and Global Head, BFSI, at Patni.

"Payers face substantial remediation and migration costs -– from $2 million for Tier 3 companies up to $5 million for Tier 1 organizations,” Iyer continued. "They’ll need to update existing systems and provide employee education and communications until all coding issues have been resolved. They will generate cost benefits from improved disease management and improvements in claims adjudication and payment processes, but it will require significant changes in their IT infrastructures and methods of data retention, reporting and analysis.”

Working together, Patni and Milliman will utilize their tested processes, methodologies and tools to assist with HIPAA 5010 and ICD-10 conversion, from the initial assessment phase through remediation, implementation and training phases, to ensure a smooth transition. They can also assist organizations in defining business intelligence and analytical requirements and capabilities to leverage the granular data received as a result of ICD-10 coding.

Patni’s phased approach in the HIPAA 5010 and ICD-10 data conversion deployments includes expert handling of assessment, pre-planning, design and mapping, technical and business impact analysis, integration and testing, and documentation and knowledge transfer processes.

About Patni:

Patni Computer Systems Limited (Patni) (BSE: 532517, NSE: PATNI, NYSE: PTI) is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni services its clients through its industry-focused practices, including banking, financial services (BFS) and insurance (I); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU), and its technology-focused practices.

With an employee strength of around 14,000; multiple global delivery centers spread across 14 cities worldwide; 28 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 656 million for the year 2009.

Patni’s service offerings include application development and maintenance, enterprise application solutions, business and technology consulting, product engineering services, infrastructure management services, customer interaction services & business process outsourcing, quality assurance and engineering services.

Committed to quality, Patni adds value to its clients’ businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2008 certified and SEI-CMMI-Dev Level 5 (V 1.2) organization. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.

Patni leverages its vast experience spanning three decades; deep domain expertise; full-spectrum services; and suites of IP-led solutions, methodologies and frameworks; in being an effective business transformation partner to its clients.

For more information on Patni, visit www.patni.com.

About Milliman:

Milliman is among the world’s largest independent actuarial and consulting firms. Founded in Seattle in 1947 as Milliman & Robertson, the company currently has 52 offices in key locations worldwide. Milliman employs over 2,400 people. The firm has consulting practices in healthcare, employee benefits, property & casualty insurance, life insurance and financial services. Milliman serves the full spectrum of business, financial, government, union, education and nonprofit organizations. For further information, visit www.milliman.com.

Safe Harbor:

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Patni has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorised use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.