Access Healthcare, a technology-enabled platform for revenue cycle management (RCM) company, announced a strategic investment from affiliates of New Mountain Capital, a growth-oriented investment firm with approximately $55 billion in assets under management.
This investment will support Access Healthcare’s next phase of growth, focusing on advancing its capabilities in artificial intelligence, workflow automation, product development, and expanding into new markets.
“Healthcare organizations are facing unprecedented challenges in navigating complex reimbursement systems and the need to maintain financial sustainability. New Mountain has a strong track record of partnering with founder-led businesses, and I am confident that, together, we can accelerate our efforts to support clients to overcome these obstacles. By delivering innovative, technology-driven solutions to clients, our platform not only improves their financial performance but also enhances the overall patient experience,” said Anurag Jain, Chairman and CEO of Access Healthcare.
“This is an exciting announcement that marks a significant milestone for Access Healthcare. Through our partnership with New Mountain, we are positioned to scale more rapidly, invest in next-generation technologies, and continue providing the platform upon which our clients rely. By combining our strengths, we will drive innovative solutions and create even greater value for the healthcare industry,” said Vardhman Jain, Vice Chairman of Access Healthcare.
“Since inception, we have focused on delivering exceptional service quality and building a world-class workforce. This partnership brings strategic support to accelerate growth and cement our position as a market leader. Most importantly, unparalleled professional development opportunities will be unlocked for the very people who have been central to our success from the beginning,” said Shaji Ravi, President and Managing Director of Access Healthcare.
Kumar Shwetabh, President and Chief Growth Officer of Access Healthcare added, “We have experienced exceptional growth by prioritizing our client and consistently exceeding their expectations. This partnership with New Mountain will accelerate growth opportunities for our employees and bring transformative outcomes to our clients.”
“We have long admired the Access Healthcare business, its leadership team, and the company’s reputation for world-class service quality, client outcomes, and innovation in the healthcare revenue cycle management space New Mountain’s deep experience in healthcare and provider technology, as well as its philosophy of building great businesses will help accelerate Access Healthcare in this next phase of growth. We are excited to support Access Healthcare as the company advances its strategic vision of becoming a leading revenue management platform for healthcare providers by investing in cutting-edge technology and AI capabilities while building on its strong market reputation and client relationships,” said Matt Holt, Managing Director and President, Private Equity at New Mountain.
Established in 1997 by Anurag Jain and Vardhman Jain, Vision Healthsource is a provider of billing and claims solutions for healthcare organizations. Vision Healthsource was later acquired by Perot Systems and subsequently by Dell Services in 2009. This pioneering model of leveraging technology and automation at scale alongside exceptional talent was embedded in the DNA of Access Healthcare. Access Healthcare’s global delivery centers, domain expertise, and technology platform are among its most valuable differentiators.
Access Healthcare partners with many of the largest U.S.-based healthcare organizations to deliver best-in-class revenue cycle operations allowing providers to drive operational efficiency, reduced costs, and improve care for patients. Access Healthcare has built one of the most efficient RCM platforms in the industry processing more than 400 million transactions annually. The platform combines data, proprietary workflow automation, and deep healthcare domain expertise to drive value for healthcare organizations.
