Monday, global management consulting company Accenture (ACN) said it would form a new operating group to focus and build on the its services to healthcare, government and public-service clients. Accenture described the move as one of its action plans to position itself for future growth,
The new operating group, Health & Public Service, will bring together and focus all components of Accenture's existing Public Service operating group combining areas of its Health & Life Sciences industry group.
Stephen Rohleder, Accenture's chief operating officer, will become group chief executive of the Health & Public Service operating group to be formally launched at the start of Accenture's new fiscal year on Sept. 1. Rohleder joined Accenture in 1981 and became a partner in 1992.
The company's offerings in public service and healthcare area will be expanded to include delivery of healthcare at all levels of operation, including electronic medical records, clinical transformation, care management, health administration business process outsourcing, and payer revenue-cycle management.
The company expects unique opportunity at the intersection of healthcare and Public Service businesses, and is hopeful of establishing a leading industry position. In order to achieve this the company would capitalize on the synergies between these businesses and make targeted investments in each segment to build substantially on this base.
The Health and Public Service operating group will include all components of Accenture's existing Public Service operating group, including those related to serving government and public-sector entities in the defense, revenue, postal, human services, customs, border-management, public-safety and higher-education sectors.
The company expects the global market for the new operating group to be more than US$100 billion. Based on fiscal 2008 net revenues, the new Health and Public Service operating group would represent more than US$3.0 billion in annual revenues.
ACN closed Monday's regular trading at $33.43, down $0.29 or 0.86%, on a volume of 5.30 million shares on the NYSE.
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