Access Healthcare secures major investment for tech growth

NEW YORK and TEXAS, UNITED STATES — Access Healthcare, a Dallas-based revenue cycle management (RCM) provider, has secured an investment from New Mountain Capital, marking a milestone in healthcare technology services. Specific terms of the deal were not disclosed.
With assets under management nearing $55 billion, New Mountain’s funding will boost Access Healthcare’s advancements in artificial intelligence, workflow automation, and market expansion.
Pioneering healthcare efficiency
Founded in 2011, Access Healthcare has revolutionized RCM with its technology-driven solutions, supporting large U.S. healthcare providers.
The company processes over 400 million transactions yearly, integrating data and proprietary workflows to optimize operations and reduce costs. The investment aims to enhance these capabilities further, ensuring better patient care and operational efficiency.
Leadership insight
The existing management team of Access Healthcare, led by Chairman and CEO Anurag Jain, will continue to guide the organization’s growth trajectory. Jain remarked on the challenges within the healthcare industry, particularly around complex reimbursement processes and 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,” said Jain.
Vardhman Jain, Vice Chairman of Access Healthcare, emphasized the partnership’s role in scaling operations and integrating advanced technologies to provide superior service to healthcare clients.
Shaji Ravi, President and Managing Director, and Kumar Shwetabh, President and Chief Growth Officer, both highlighted the partnership’s potential to accelerate growth and professional development for their team, underscoring a commitment to excellence in service and client satisfaction.
Global reach and services
Operating from multiple global delivery centers, Access Healthcare offers comprehensive revenue cycle operations that enhance operational efficiency and reduce costs. The platform’s strength lies in its combination of proprietary workflow automation, data analytics, and deep healthcare domain expertise.
“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,” said Matt Holt, Managing Director and President, Private Equity at New Mountain.
“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.”