Fallon Health Partners With Cognizant to Become the First Massachusetts Health Insurer to Provide Quotes for Merged Market Plans

Fallon Health Partners With Cognizant to Become the First Massachusetts Health
 Insurer to Provide Quotes for Merged Market Plans Under Affordable Care Act

Cognizant Helps Fallon Health Automate Business Processes Driving Superior
Customer Experience and Better Regulatory Preparedness

PR Newswire

TEANECK, N.J., Feb. 25, 2014

TEANECK, N.J., Feb. 25, 2014 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today
announced that it has enabled Fallon Health, a Massachusetts-based
not-for-profit health care services organization, to become the first
Massachusetts health insurer to provide quotes for merged market plans
mandated by the Affordable Care Act (ACA).

As Fallon's strategic partner, Cognizant developed and deployed a new online
quoting tool called QuoteNow that facilitates best-practice quoting, rating
and underwriting, and streamlines application submission and enrollment. Built
using Pegasystems technology, QuoteNow helps Fallon deliver an optimal
experience to consumers as well as insurance brokers, while complying with ACA
requirements around member-level rating and conducting Health Insurance
Exchange activity more effectively. QuoteNow makes it easier for Fallon to
implement new automated processes and manage changes based on regulatory

By helping Fallon to successfully exchange HIPAA-compliant electronic
information with the Massachusetts Health Connector within a record time of
five months, Cognizant enabled Fallon to accept applications and enroll
members from the open enrollment date of October 1, 2013.

"This engagement forms an important part of our roadmap to automate our
business processes for superior service and better regulatory preparedness,"
said Frank Barresi, Chief Information Officer of Fallon Health. "A project of
such high complexity would have taken well over a year, but we had just five
months to launch date. Cognizant worked with us as a trusted partner and
delivered a fully functional application right on time and the capabilities
our business needed. We are impressed with Cognizant's agile and seamless
execution of the project. Our relationship with Cognizant has allowed us to
leverage its extensive domain, technology and consulting capabilities to drive
innovation in supporting the diverse and changing healthcare needs of the
populations we serve. QuoteNow has helped Fallon establish a foundation to
support other critical health plan capabilities and in the process develop
best practices for an efficient delivery model."

"We are pleased to help Fallon Health define new industry benchmarks and
enhance its competitiveness, while keeping up with regulatory requirements and
improving consumer satisfaction," said Krish Venkat, President of Cognizant's
Healthcare and Life Sciences practice. "Dramatic shifts in consumer behavior
and expectations, coupled with regulatory changes and commoditization of
services, have opened a great opportunity for insurers to not just 'run
better' by improving efficiency and productivity, but also 'run different' by
driving transformation and disruptive change. We look forward to further
solidifying our relationship with Fallon and helping it build the required
capabilities to rapidly optimize and redesign business processes in response
to the needs of its expanding, increasingly complex business."

About Fallon Health

Founded in 1977, Fallon Health is a leading health care services organization
that supports the diverse and changing needs of those we serve. In addition to
offering innovative health insurance solutions and a variety of Medicaid and
Medicare products, we excel in creating unique health care programs and
services that provide coordinated, integrated care for seniors and individuals
with complex health needs. Fallon has consistently ranked among the nation's
top health plans, and is the only health plan in Massachusetts to have been
awarded "Excellent" Accreditation by the National Committee for Quality
Assurance for its HMO, Medicare Advantage and Medicaid products. For more
information, visit www.fallonhealth.org.

About Cognizant

Cognizant (NASDAQ: CTSH) is a leading provider of information technology,
consulting, and business process outsourcing services, dedicated to helping
the world's leading companies build stronger businesses. Headquartered in
Teaneck, New Jersey (U.S.), Cognizant combines a passion for client
satisfaction, technology innovation, deep industry and business process
expertise, and a global, collaborative workforce that embodies the future of
work. With over 50 delivery centers worldwide and approximately 171,400
employees as of December 31, 2013, Cognizant is a member of the NASDAQ-100,
the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among
the top performing and fastest growing companies in the world. Visit us online
at www.cognizant.com or follow us on Twitter: Cognizant.

Forward-Looking Statements

This press release includes statements which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, the accuracy of which are
necessarily subject to risks, uncertainties, and assumptions as to future
events that may not prove to be accurate. Factors that could cause actual
results to differ materially from those expressed or implied include general
economic conditions and the factors discussed in our most recent Form 10-K and
other filings with the Securities and Exchange Commission. Cognizant
undertakes no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise.

SOURCE Cognizant

Website: http://www.cognizant.com
Contact: U.S.: Marina Giovannelli, Text100, +1-617-399-4930,
marina.giovannelli@text100.com ; Europe: Grazia Valentino-Boschi, + 33 (0)6 07
85 80 63, grazia.valentino-boschi@cognizant.com ; Asia-Pac: Harsh Kabra,
+91-855-188-2111, harsh.kabra@cognizant.com
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