To invest Rs. 190 Crores in expanding delivery operations and building a new campus
synopsis
Healthcare Business Process Outsourcing services provider Access Healthcare has acquired a 1.57-acre land parcel from a prominent IT company for around Rs. Fifty crores. The company will demolish the existing facility and build a campus with 250,000 square feet of built-up area for over 7,000 employees to work. The move expands the company’s prominent presence in Chennai, where they operate multiple facilities in Ambattur and DLF IT Park.
Tuesday 21 June 2022, Chennai, India. Healthcare BPO and IT services provider Access Healthcare has acquired a land parcel of 1.57 acres for around Rs.50 Crores to establish a campus for its business process services and IT operations. The company has acquired the land parcel from a leading IT services provider. It plans to demolish the existing facility and build a campus with an operational capacity of 7,000 employees working in approximately 250,000 square feet. The overall value of the project is estimated at Rs. 190 Crores and expected to be completed in about two years.
“The new campus in Chennai will deliver advanced healthcare BPO and IT services to our clients in the healthcare revenue cycle and payer market segments. We currently employ over half of our 24,000 people team in Chennai and are looking to strengthen our presence in the city further,” Said Vardhman Jain, Vice Chairman of Access Healthcare.
“The new campus in Chennai will deliver advanced healthcare BPO and IT services to our clients in the healthcare revenue cycle and payer market segments. We currently employ over half of our 24,000 people team in Chennai and are looking to strengthen our presence in the city further”
The new campus will house the company’s BPO and IT operations and serve as the hub for its technical infrastructure. The campus will create new jobs across healthcare BPO, IT operations, network infrastructure support, human resources, and other functional areas. Access Healthcare will provide leading-edge healthcare business process transformation services by delivering financial, clinical, and administrative processes to its clients through the operation.
Says Jain, “The pandemic has been a blessing for the healthcare industry. Some of the things that the industry was averse to, such as remote work, digitalization, outsourcing, and telehealth, are now a reality. Because of that, we have grown at over 40% last year. The healthcare industry needs to change its model, and we are well-positioned to fit that bill. We are now expanding the depth of our revenue cycle services portfolio, creating automated solutions, building and running the applications our clients use, and expanding to payer services.”
Access Healthcare has emerged as a leader in the revenue cycle space in just over ten years of its inception. The company added over 12,600 people to its rolls in the trailing 12 months and is currently adding approximately 1,400 people to its team each month. The company has digitalized its entire hiring and training processes and has recently launched an app to provide a seamless experience to candidates. The Everest Group named Access Healthcare a "Leader" and "Star Performer" in Revenue Cycle Management (RCM) Operations - Services PEAK Matrix® Assessment 2021.
About Access Healthcare
Access Healthcare provides business process outsourcing, applications services, and robotic process automation tools to hospitals, health systems, providers, payers, and related service providers. The company operates from 19 global delivery centers in the US, India, and the Philippines. Their 24,000+ staff is committed to bringing revenue cycle excellence to clients by leveraging technology, emerging best practices, and global delivery. Based in Dallas, TX, the company supports over 400,000 healthcare providers through 85+ clients, serving 80+ specialties, processing over $70 billion of A/R annually, and ascribing medical codes to over 30 million charts annually.
With over 3,500 virtual bots in operation, Access Healthcare's proprietary robotic process automation platform helps its clients improve efficiency. Access Healthcare is HITRUST, PCI DSS, SOC, ISO 27001, and ISO 9001 certified, providing security, availability, and confidentiality of sensitive health information. Their people program, integrated processes, and proven track record of service delivery have earned Access Healthcare the "Leader" and "Star Performer" award by Everest Group's Healthcare Provider BPO Peak Matrix 2021. For more information, visit accesshealthcare.com.
Media Contact:
Aravind Ramachandran