HCLTech Partners with Children's Minnesota to Modernize Healthcare Operations Using AI

HCLTech selected by Children's Minnesota to modernize healthcare operations with AI

HCLTech, a leading global technology company, today announced a strategic agreement with Children's Minnesota, a renowned non-profit and one of the largest pediatric health systems in the US, to improve operational efficiency, streamline service delivery and enhance patient care through AI. HCLTech will leverage its HCLTech AI Force platform to optimize Children's Minnesota's operational systems with a reliable and scalable digital solution. HCLTech's full-stack AI platform will streamline operations, reduce manual tasks and enable data-driven decision-making, enhancing healthcare delivery and patient care. "As we aim to continue to provide best-in-class care to our patients and community, we are confident that HCLTech is the right partner to ensure our innovative operations will enable us to stay true to our core mission of championing the health needs of children and their families," said Dave Lundal, Senior Vice President and Chief Information Officer at Children's Minnesota. "The combination of HCLTech's expertise in seamless, digital transformations and our dedicated technology team will not only help optimize our technology infrastructure and applications for future growth but allow us to focus on what matters most - delivering exceptional, compassionate care to our patients." "We are proud to partner with Children's Minnesota as they embark on a digital healthcare evolution," said Shantanu Baruah, Executive Vice President, Healthcare Industries at HCLTech. "This partnership reflects our commitment to leveraging AI with premier client service for healthcare organizations to improve patient outcomes." About HCLTech HCLTech is a global technology company, home to more than 220,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending December 2024 totaled $13.8 billion. To learn how we can supercharge progress for you, visit hcltech.com.

HCL Technologies shares in focus after AI deal with Children's Minnesota

Shares of HCL Technologies are set to be in focus on Friday after the IT services company announced a strategic agreement with Children's Minnesota to enhance operational efficiency and patient care using artificial intelligence (AI). The partnership, announced after market hours on Thursday, will see HCL Tech deploy its AI-powered platform, HCLTech AI Force, to modernize the operational systems of Children's Minnesota, one of the largest pediatric healthcare providers in the United States. The AI-driven solutions aim to streamline service delivery, reduce manual processes, and enable data-driven decision-making, the company said in a statement. "As we aim to continue to provide best-in-class care to our patients and community, we are confident that HCLTech is the right partner to ensure our innovative operations will enable us to stay true to our core mission," said Dave Lundal, Senior Vice President and Chief Information Officer at Children's Minnesota. Shares of HCLTech ended 0.3% higher at Rs 1,631.25 on the BSE on Thursday. The stock has declined 3.46% over the past week and is down 13.85% in the last three months. Over the past year, it has fallen 1.78%. HCLTech's Executive Vice President for Healthcare Industries, Shantanu Baruah, said the partnership underscores the company's commitment to leveraging AI to improve healthcare outcomes. The deal is expected to bolster HCLTech's presence in the healthcare technology space, a key growth area for the company. According to Trendlyne data, the consensus average target price of the company's shares is Rs 1,969 per share, which implies an upside potential of 20.7% from the current levels. Out of the 42 analysts covering the stock, 16 recommend a "buy" rating, 17 suggest to "hold" and nine recommend "sell". Also read | FII exodus: 5 sectors hit hardest by foreign fury in early February (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)