On Thursday, Navient Corp (NASDAQ:NAVI)’s shares declined -1.95% to $19.06.
Navient Corp (NAVI) declared that Chief Financial Officer Somsak Chivavibul will present at the Barclays High Yield Bond and Syndicated Loan Conference at 2:45 MDT (4:45 p.m. EDT) on Thursday, June 11, 2015, in Colorado Springs, Colo.
A live audio webcast, together with any written materials or slides used during the presentation, will be accessible at navient.com/investors. A replay will be accessible about two hours following the presentation through June 25.
Navient Corporation provides financial products and services in the United States. The company operates in four segments: FFELP Loans, Private Education Loans, Business Services, and Other. It provides federal family education loan program (FFELP) loans and servicing for FFELP loan portfolio; and servicing and asset recovery services for loans on behalf of guarantors of FFELP loans, guaranty agencies, higher education institutions, the United States Department of Education, and other federal clients, in addition to states, courts, and municipalities.
Automatic Data Processing (NASDAQ:ADP)’s shares dropped -1.62% to $84.08.
Automatic Data Processing (ADP) declared that Everest Group® has named it a Leader in its Multi-Country Payroll Outsourcing (MCPO) - Service Provider Landscape with PEAK Matrix™ Assessment 2015.
The research report, published in March, noted the geographic scope and scalability of ADP’s payroll solutions, citing its ability to meet the needs of very large multinational organizations (greater than 100,000 employees), in addition to midsized business. ADP also was recognized for its global payroll domain expertise.
In particular, Everest Group singled out ADP Streamline®, a global payroll solution accessible in 100 countries, and the ADP® Mobile app, which has been downloaded more than four million times.
In its report, Everest Group classifies service providers into three categories — Leaders, Major Contenders and Emerging Players. The PEAK Matrix is a framework that assesses the market success and overall delivery capability of MCPO service providers. Everest Group’s MCPO Research is derived from a proprietary database that tracks attributes, such as clients, recent wins, overall MCPO revenue, MCPO service suite, technology offerings, country coverage and partnerships.
Automatic Data Processing, Inc., together with its auxiliaries, provides technology-based outsourcing solutions to employers worldwide. The company operates through Employer Services and Professional Employer Organization (PEO) Services segments. The Employer Services segment offers a range of business outsourcing and human capital administration (HCM) solutions, counting payroll services, benefits administration services, talent administration solutions, human resources administration solutions, time and attendance administration solutions, insurance services, retirement services, and tax compliance and payment solutions.
At the end of Thursday’s trade, Accenture Plc (NYSE:ACN)‘s shares dipped -1.08% to $95.93.
FDA-regulated digital health solutions are predictable to save the U.S. healthcare system more than $100 billion over the next four years, according to new research from Accenture (ACN).
Accenture estimates that FDA-approved digital health solutions – an internet-connected device or software created for detection or treatment of a medical indication – achieved $6 billion in cost savings in 2014, primarily driven by medication adherence, behavior modifications and fewer emergency room visits. The company anticipates that figure to rise to $10 billion in 2015, $18 billion in 2016, $30 billion in 2017 and $50 billion in 2018. Accenture also predicts that FDA approvals of digital health solutions will triple by the end of 2018, to 100, from 33 last year.
Accenture’s research found several factors, such as health IT mandates, payment reform and regulatory changes will accelerate the growth of FDA-approved digital solutions:
- Raised use of healthcare IT among physicians and patients, driven by federal Meaningful Use mandates, will continue enabling devices and solutions to integrate with patient portals and digital health records. In fact, a recent survey from Accenture found one-in-four U.S. physicians routinely use tele-monitoring devices for some aspect of chronic disease administration.
- Growing demand for patients to self-manage care: Accenture estimates the number of U.S. consumers who own a wearable fitness device will double in the next five years, from 22 percent this year to 43 percent by 2020. In fact, an Accenture survey found over half (57 percent) of U.S. consumers self-track their health information online, such as medical history (cited by 37 percent of respondents), physical activity (34 percent) and symptoms (33 percent).
Methodology
The Accenture study assessed the number of digital health solutions that received FDA 510(k) clearance from 2010 through 2014. The analysis focused on devices and software created for [medical] indications that are FDA-regulated but incorporate consumer-driven principles, such as mobility, user experience, industrial design and always-on connectivity. Analysis comprised of review of secondary sources and examination of regulatory, clinical and other market trends.
Accenture plc provides administration consulting, technology, and business process outsourcing services worldwide. The company’s Communications, Media & Technology segment offers enterprise and industry-customized services in network engineering and integration, field force enablement, and IP network migration; provides online customer and enterprise relationship administration services; and assists customers in developing video-over-IP platforms, and transforming legacy broadcast platforms to digital.
HSBC Holdings plc (ADR) (NYSE:HSBC), ended its Thursday’s trading session with -0.92% loss, and closed at $47.46.
HSBC Holdings plc (ADR) (HSBC) is poised to declare deeper cuts at its investment bank as part of a plan to revive profitability that Chief Executive Officer Stuart Gulliver will present next week.
Foreign exchange and rates trading may be prioritized because they have the highest return on equity of any part of the investment bank and assist HSBC service its corporate clients operating globally, said a person with knowledge of the matter, who asked not to be identified as the plans aren’t finalized. The equities trading division has the lowest returns and should be the first in line for cuts, the person said.
HSBC’s markets operation, which comprises credit, rates, foreign-exchange and equities had $6.3 billion of revenue in 2014, according to its annual report. Equities accounts for $1.2 billion and currencies and rates together $4.5 billion.
The division, run by Samir Assaf, doesn’t disclose the profitability of each of the business lines in its investment bank, nor does it publish how many people are employed in each part. Investors are seeking greater disclosure about the performance of each business, according to analysts at Barclays.
HSBC Holdings plc provides banking and financial products and services. It operates through four businesses Retail Banking and Wealth Administration, Commercial Banking, Global Banking and Markets, and Global Private Banking.
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