After winning several consulting deals from different government departments, Accenture plc (ACN - Analyst Report) has now won a deal from the National Health Services (NHS) of the United Kingdom. The department has selected Accenture to deploy a cloud-based Radiology Information System (RIS) for five hospitals and 23 facilities under the NHS in Southwest England.
This new platform from Accenture helps the clinical Radiologists store, access and exchange patient and diagnostic information from any place across the globe, that too in a highly secure infrastructure. It took only 10 weeks for the Accenture team to implement the entire project.
The increasing demand for digital images and their storage has led to a growing appreciation for a cloud-based system. The NHS expects the implementation of Accenture’s cloud-based solution would take care of this. Apart from this, the easy sharing of patient data among the clinicians across the region will be crucial in urgent cases, such as strokes or major traumas.
To gain customers, Accenture is constantly offering better technology. Previously, Accenture was not directly involved in providing cloud-based solutions to radiologists or physicians. This exposure will improve Accenture’s experience and if successful, will enable it to rope in such business contracts in the future as well.
The company already has its presence in the developed markets, but the emerging markets are the key growth areas for Accenture’s global delivery capabilities, which include countries such as India, the Philippines, China and the Latin American countries. Geographic diversification of revenues is a key step in lowering risks from slower performance in the developed economies.
Apart from bringing new solutions for its clients, Accenture has adopted an aggressive marketing strategy that includes both online and offline channels. The company expects these measures to strengthen its position across its served markets.
Although Accenture is moving ahead at a great speed, it has to deal with competition from companies like IBM Corp. (IBM - Analyst Report), a strained spending environment and a broad European exposure which may temper growth to some extent.
Currently, Accenture has a Zacks Rank #3 (Hold). However, there are stocks in the sector that are performing better. Investors might consider the shares of SanDisk Corp. (SNDK - Analyst Report) and Information Services Group Inc. (III - Snapshot Report), both carrying a Zacks Rank #1 (Strong Buy) and are worth buying.