LOUISVILLE, KY, Oct 8th, 2020: Firstsource Solutions Limited (NSE: FSL, BSE:532809), a global provider of Business Process Management (BPM) services and a RP-Sanjiv Goenka Group company, announced today a name change for its’ Healthcare Payer business to be known as Health Plans and Healthcare Services (HPHS) business going forward.The US Healthcare Industry continues to consolidate, with clients in the Healthcare Payer vertical repositioning their own business from being pure-play organizations to becoming integrated and diversified businesses. This is blurring the lines between Payer and Services organizations, positioning them as ‘Partners for Health’ and broadly referring to themselves as Health Plans and Healthcare Services.
Speaking on the same, Venkatgiri Vandali, President – Health Plans and Healthcare Services at Firstsource said, “To align with this trend and be perceived as a valued player in the segment, we are re-naming the Healthcare Payer business to ‘Health Plans and Healthcare Services’ with immediate effect. As we expand our value proposition to strategically align our offerings with the need of the hour, we realized we needed a name and identity that represents who we are today and what we accomplish for our clients.”
In the near future, we see a growing number of vertically integrated Healthcare companies focusing on additional market share, collaborate with us on value-driven models across their people, process, and technology layers to radically improve patient services, standards of care, patient outcomes and control costs.
The Health Plans and Healthcare Services (HPHS) business at Firstsource draws from the expertise, talent and backing of its publicly traded parent company Firstsource Solutions which serves Fortune 500 and FTSE 100 companies. The business will focus on leveraging its technology, capabilities and people to help its customers progress in this new normal.
For more information about Firstsource Health Plans & Healthcare Services and the solutions it offers, visit www.firstsourcehealthcare.com
About Firstsource Solutions:
Firstsource Solutions Limited, a RP-Sanjiv Goenka Group company, 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. Our ‘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, India, and the Philippines, we act as a trusted growth partner for over 100 leading global brands, including several Fortune 500 and FTSE 100 companies. (www.firstsource.com)