Latest news with #SabyasachiGoswami
Yahoo
28-04-2025
- Business
- Yahoo
Perfios acquires IHX to strengthen health insurance claims processing in India
Perfios, a B2B software-as-a-service TechFin company based in India, has acquired IHX, a healthcare information exchange platform, for an undisclosed sum. The acquisition combines Perfios' health data capabilities with IHX's network to improve the health insurance claims process. IHX connects healthcare providers and payers, supporting digital integration across the industry. The platform processes more than 40% of India's cashless health insurance claims, equating to more than ten million transactions and $1bn (Rs85.11bn) in claims each year, Perfios added. IHX has partnerships across 30,000 hospitals in over 1,200 locations and with more than 30 payers. IHX MD Mahesh Nagaraj stated: 'Joining forces with Perfios marks an exciting new chapter for IHX. The combination of Perfios' cutting-edge technology stack, advanced decision analytics and global scale with IHX's deep domain expertise, unique data exchange platform and trusted network across hospitals and payers sets the stage for our accelerated growth and expanded impact. 'This partnership enhances the value we bring to our clients, unlocks new opportunities for our team, and deepens our commitment to innovation, transparency and excellence in health claims management.' This acquisition follows Perfios' recent purchases of Clari5 and CreditNirvana, which have strengthened its capabilities in financial crime management and debt management, respectively. Perfios CEO Sabyasachi Goswami said: 'The acquisition of IHX is a strategic leap in our mission to transform the healthcare claims landscape. IHX has long served as the backbone of India's health claims ecosystem, and we are excited to welcome the IHX team into the Perfios family. 'By combining IHX's stronghold in the healthcare ecosystem with Perfios' deep expertise in data intelligence and analytics, we are poised to drive greater efficiency, reduce claims turnaround time, and elevate the experience for both patients and healthcare providers.' Set up in 2008, Perfios serves the banking, financial services and insurance industry across 18 countries. The company offers a suite of more than 75 products and platforms, complemented by more than 500 application programming interfaces, to provide a technology platform for financial service providers. "Perfios acquires IHX to strengthen health insurance claims processing in India " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Time of India
28-04-2025
- Business
- Time of India
Perfios acquires healthcare information exchange platform IHX
Perfios , a provider of software services to banks and financial services companies, has acquired IHX, a healthcare information exchange platform, marking its third acquisition in two months. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" The financial terms of the transaction were not disclosed. In February, Perfios acquired Clari5, a banking financial crime management platform, and followed this with the purchase of debt management and collections platform CreditNirvana in March. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Founded in 2009, IHX connects healthcare providers and payors to facilitate real-time, digital-first claims processing across the healthcare ecosystem. It processes over 40% of all cashless health insurance claims in India, handling more than 10 million transactions annually, representing $1 billion in claims. The platform claims that it is integrated with 30,000 hospitals across over 1,200 locations and collaborates with more than 30 payors. 'With this acquisition, Perfios and IHX coming together will tackle three critical challenges and problem statements like the lack of real time transparency, inefficiencies in claim processing and the rise of cost burden in healthcare,' Sabyasachi Goswami, CEO of Perfios, told ET. 'We plan to do that by building digital trust, data intelligence and end-to-end visibility into every client.' Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Following the deal, IHX will continue to operate as a wholly owned subsidiary of Perfios, with its team of approximately 100–150 employees working independently. Data from Tracxn shows that IHX has raised $2.58 million in funding since its inception. For 2023-24, it reported a net loss of Rs 38 crore on revenue of Rs 14.8 crore. Founded in 2008, Perfios offers software solutions that assist lenders in underwriting customers and businesses by digitally analysing bank statements, payslips, and passbooks. Last valued at $2.5 billion, the company has raised $450 million from investors such as Warburg Pincus, Kedaara Capital, and Bessemer Venture Partners. During its $80 million fundraise in March 2024 , Goswami said the company would focus on international expansion and strategic acquisitions. Currently, Perfios supports over 1,000 financial institutions across 18 countries and processes more than 8.2 billion data points annually to aid in credit decision-making and financial services.
