"The World in Progress" - Media Crushing for all Ages: 6/10/07

Friday, June 15, 2007

Syntel Recognized as an Industry Leader in Healthcare IT

TROY, Mich.--(BUSINESS WIRE)--Syntel, Inc., a global information technology services and business process company, today announced that it has been named to the 2007 Healthcare Informatics 100, a list of the 100 leading global healthcare IT providers. This recognition once again confirms Syntel's elite position among companies providing technology services to the healthcare industry today.

In its 14^th edition, the Healthcare Informatics 100 (www.healthcare-informatics.com) list ranks the top 100 healthcare technology providers by revenue. Syntel placed at the #51 spot and has been named to the list annually since 2003. Syntel's 2006 healthcare sector revenue increased 7 percent over 2005 levels, and accounted for 17 percent of the Company's 2006 revenues.

"Syntel is proud to be included by Healthcare Informatics in this Top 100 list for the fifth year in a row," said Murli Reddy, VP-Operations (Healthcare and Life Sciences). "We have an intense focus on this industry and are rolling out several innovative services to help drive patient safety and satisfaction in this highly competitive, technology driven industry.”

Syntel offers the healthcare and life sciences industry a comprehensive, integrated suite of IT and Business Process Outsourcing (BPO) services that help payers, providers, and pharmaceutical firms realize sustainable competitive advantages by focusing on continuous innovation and knowledge management. Its IT and BPO teams include doctors, medical professionals, HL7 experts and DICOM specialists.

Technology industry and privacy advocates clash

Radio Frequency Identity technology, the communication over certain radio frequencies between a small microprocessor with an antenna and its reader, has been used for decades to track inventory and for shipping purposes.

Increasingly, small chips outfitted with the technology are implanted in domestic pets and livestock too. The technology is also used in the health care industry and in new U.S. passports. In California, RFID is probably best known, though, for enabling the FasTrak system to speed commuters through toll bridges. In fact, FasTrak devices in cars also provide the information for billboards that advertise traffic delays.

But as the wonder-technology has expanded its reach to security applications in California--like identification documents at colleges and entrance cards to secure buildings like the Capitol--a diverse coalition has formed to address privacy fears that the RFID industry believes are unwarranted.