CEO Newsletter DEcember 2016

CEO Update

Photos from Richard's India Trip

CUSTOMER WINS

Large Midwest Healthcare Payer Win

Technosoft was selected as a lead vendor for IT initiatives by a Large Midwest Payer. We prevailed after a comprehensive RFP and evaluation process. Technosoft was designated as a lead vendor for statement of work based IT initiatives ranging from:

  • Applications Development (web and mobile based)
  • Applications Maintenance & Support
  • Independent Testing
  • Enterprise Data Warehouse
  • Project Management Office
  • Infrastructure Management in a wide variety of technologies

The client selected us from a crowd of large IT service companies based on our unique and well proven global delivery model.

We are so proud of everyone that contributed to this significant win. Special thanks are extended to Poornakala's team for going above and beyond to ensure that our RFP response was thorough and professional. Poornakala's team has been very productive this year and played a key role in Technosoft's success at winning business from over 40 proposals spanning 7 customers.

Special thanks to...

From left to right (Deepak Narendran, Raghavendran, Poornakala, Uma Narayanan, Balaji, Prince)

Holiday Video

This year, Technosoft made a holiday video to wish our customers and prospects a joyous holiday season. A number of Technosoft employees participated in the video to help show our customers the spirit of Technosoft. We really appreciate everyone's help putting this together!

HEALTHCARE UPDATE

Technosoft’s healthcare business unit is vital to our company’s strategic growth ambitions. As we approach the end of this year, I wanted to reflect upon our recent progress as we prepare for success in the coming year.

Highlights

  • Closed a new RCM deal with a midsize RCM firm in Boise, ID. The customer contact is also a leader of the HBMA organization. Hence, doing a great job on this account will lead to referrals and positive exposure with other healthcare billing companies.
  • Our successful transition of a health plan BPM client started in mid-2016 and has exceeded the client’s expectations.
  • A large hospital system in Michigan recently committed to scaling-up the IT work that we do from them. This greatly improves our position to win RCM business with this hospital in 2017.

To accelerate our momentum, we are investing in additional sales hunting resources. We recently hired a Business Development professional for the hospital and large Provider space (begins on January 3, 2017). We’ll also be adding additional sales resources for the Provider and Payer markets in early Q1 2017.

I’d like to thank our outstanding healthcare delivery teams for your critical role in building this important momentum. Your efforts have established Technosoft’s reputation for quality, innovation and commitment to helping clients achieve their business objectives.

As we head into 2017, I have never been more confident in our ability to succeed together as we grow our healthcare BPM business.

Chennai Cyclone

A powerful cyclone hit Chennai this month and we are very impressed with members of our BPM team who went above and beyond to make it to work to organize and provide exceptional services. The office in Coimbatore not only kept working, but worked overtime and weekends to offset lost production time in Chennai. Our key healthcare BPM customers appreciated how our business continuity process (BCP) worked as promised.

We thank you all for your exceptional effort during this challenging time. We'd like to extend special appreciation for the efforts of our IT infrastructure team lead by Badari Prasad and Admin team lead by Cmdr Amar Mahadevan for keeping our business running and productive during this challenging time.

EVENTS

United Health Group

Technosoft was well represented at the semi-annual Optum / United Health Group Partner Summit held in Gurgaon, Haryana, India. Richard was one of the keynote speakers and presented wellness technology innovations and trends.

From left to right (Radha Gurusamy, Gautam Sivaraman, Richard Penington, Siddarth Das, Rishi Singh
Technosoft's booth at the UHG Partner Summit

Annual FAIA Event: "Ford’s Transformation to Mobility & Automotive Business”

After a successful meeting, pictured here is: Ford CEO - Mark Fields, Radha, Mandar, Ford CIO - Raj Naur

The Ford Asian Indian Association (FAIA) celebrated its 20th year and Technosoft executives were front and center. The FAIA promotes diversity and inclusion within Ford Motor Company. Radha and Mandar met with Ford CEO, Mark Fields, and Ford CIO (Raj Naur). Ford is a strategic account for Technosoft. We are focused on building a long term relationship with Ford as a trusted partner for providing IT & Engineering services in North America & India.

Meditation Break

A group of employees at Technosoft's HQ location gathered together to learn the art of meditation. Special thanks to Briana Majcher for organizing this session.

Already looking more relaxed and focused!

NEW HIRES

This year, Technosoft made a holiday video to wish our customers and prospects a joyous holiday season. A number of Technosoft employees participated in the video to help show our customers the spirit of Technosoft. We really appreciate everyone's help putting this together!

TIME FOR GIVING

U.S. Marine Corps Reserve Toys for Tots Program

The mission of the U. S. Marine Corps Reserve Toys for Tots Program is to collect new, unwrapped toys during October, November and December each year, and distribute those toys as Christmas gifts to less fortunate children in the community in which the campaign is conducted. Technosoft HQ employees made generous donations to this worthwhile cause.

Little Angels Charitable Effort

Technosoft employees generously donated toys and clothing to benefit needy children in India. Sincere thanks to the employees who helped brighten the lives of children this year.

School we collected funds for education in India

We really appreciate you taking the time to read our newsletter and supporting these charitable functions. We truly cannot do it without each and everyone of you. Get ready for an exciting 2017!

THANK YOU,

-RICHARD PENINGTON

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