Access Healthcare acquires US-based Envera Health for ₹263 crore

by Rahul Devi

Access Healthcare, a Chennai-based revenue cycle management (RCM) services provider for the healthcare industry, has recently announced its acquisition of US-based Envera Health for ₹263 crore ($31.7 million). This strategic move by Access Healthcare aims to strengthen its revenue cycle solutions and expand its service portfolio to include enhanced patient engagement capabilities.

Envera Health, headquartered in Virginia and founded in 2016, offers consumer engagement services that connect health systems and physician groups with patients through a technology platform. By acquiring Envera Health, Access Healthcare aims to leverage its expertise in patient engagement and combine it with its own technology-enabled global revenue cycle services to offer more flexible and diverse choices to healthcare clients.

Vardhman Jain, Vice Chairman and Founder of Access Healthcare, highlighted the strength of Envera Health in patient engagement and expressed excitement about the possibilities that this acquisition would bring. The synergy between the two companies will enable Access Healthcare to provide comprehensive solutions that address the evolving needs of the healthcare industry.

Access Healthcare is a leading player in medical billing, coding, and accounts receivable management. With a current workforce of 27,000 employees spread across 20 delivery sites in the US, India, and the Philippines, the company has established itself as a reliable partner for healthcare organizations seeking to optimize revenue cycle management.

This acquisition comes on the heels of Access Healthcare’s recent announcement of its plan to recruit over 1,500 professionals within the next two months in India. This expansion of its talent pool aligns with the company’s growth strategy and further strengthens its ability to deliver high-quality revenue cycle services to its clients.

Access Healthcare’s acquisition of Envera Health is a significant milestone in its journey towards becoming a global leader in revenue cycle management solutions. By combining their respective strengths, the two companies are well-positioned to drive innovation and enhance patient engagement in the healthcare industry. As the healthcare landscape continues to evolve, Access Healthcare remains committed to providing cutting-edge solutions that optimize revenue cycles and improve patient outcomes.

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