Firstsource Acquires Quintessence
03 5월 2024 - 10:30PM
Business Wire
Strengthens end-to-end RCM offering to
healthcare providers
Expands service capabilities to US physicians’
practices, and integrated health systems
Firstsource Solutions Limited (NSE: FSL, BSE:532809), a global
provider of Business Process Management (BPM) services and an
RP-Sanjiv Goenka Group company, has acquired Quintessence Business
Solutions & Services Private Limited, an India-based leader in
outsourced revenue cycle management (RCM) services and technology.
This strategic acquisition further strengthens Firstsource’s RCM
solutions offerings, providing more comprehensive and AI-enabled
RCM solutions for health systems, and growing its offshore
capabilities.
"This acquisition significantly expands our RCM capabilities as
Quintessence’s cutting-edge data & AI-driven technology, and
proven teams, will be highly complementary to Firstsource’s
existing strengths, allowing us to offer a truly best-in-class,
technology-led end-to-end RCM capability to provider organizations
of all sizes and compositions. The US RCM market, which has a TAM
of more than $25 billion growing at 10-12% on a CAGR basis, relies
on comprehensive backend solutions to unlock its potential. The
Quintessence acquisition not only fulfills this need by providing
end-to-end offshore capabilities, including medical coding, thus
expanding our reach from hospitals to physician groups but also
solidifies our status as a global service provider with strong
offshore delivery capabilities. We expect the combined competencies
of Firstsource and Quintessence to be highly synergistic, bringing
unmatched solutions and significant benefits to both our clients
and our organization,” shared Ritesh Idnani, MD & CEO,
Firstsource Solutions.
“We are excited to be part of Firstsource, an enterprise with
considerable depth and reach in complimentary market segments. The
possibilities of deploying combined solutions, shared workflows,
and opportunities to implement technology driven solutions to the
larger healthcare market is enticing. We see a cultural fit that
will be the key driver for working to enhance the competitiveness
of our customer base, providing innovative solutions to the
marketplace as well as enriching the roles of our employees,”
shared Nirmal Kumar Rajachandran, CEO, Quintessence.
As the US healthcare market navigates post-pandemic dynamics in
both the workforce and the ways patients utilize care, provider
organizations are increasingly focused on optimizing revenue
capture, efficiencies, and productivity. The powerful combination
of Firstsource and Quintessence’s capabilities will offer
hospitals, physician practices, and large, integrated health
systems end-to-end RCM services, proven experience, and deep
industry expertise, helping hospitals deliver streamlined,
personalized, quality care while strengthening financial
performance.
About Firstsource
Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company
(NSE: FSL, BSE: 532809, Reuters: FISO.BO, Bloomberg: FSOL:IN), is a
leading provider of transformational solutions and services
spanning the customer lifecycle across Healthcare, Banking and
Financial Services, Communications, Media and Technology, and other
industries. The Company’s ‘Digital First, Digital Now’ approach
helps organizations reinvent operations and reimagine business
models, enabling them to deliver moments that matter and build
competitive advantage. With an established presence in the US, the
UK, Mexico, India, and the Philippines, Firstsource acts as a
trusted growth partner for over 150 leading global brands,
including several Fortune 500 and FTSE 100 companies.
(www.firstsource.com)
About Quintessence
Quintessence Business Solutions and Services Pvt. Ltd. formed in
2011 provides full cycle revenue growth management services to US
healthcare entities and aggregators using a combination of
proprietary technology including AI/ML based coding platforms and
skilled talent force. The solutions offered by Quintessence has
resulted in each of its clients improving their competitiveness and
profitability and being an acknowledged leader in deployment of
cutting-edge technology and solutions, as well as a pricing model
that aligns with customer financial goals. Quintessence has five
delivery centers spread across the Indian cities of Chennai,
Coimbatore, and Bengaluru. (www.qbsshealth.com)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240503613591/en/
Media Madhavi Behl Firstsource
Madhavi.behl@firstsource.com
Elizabeth Grich Aria Marketing for Firstsource
egrich@ariamarketing.com 904-248-1574
First Trust Senior Loan ... (TSX:FSL)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
First Trust Senior Loan ... (TSX:FSL)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024
