Chennai : MediGain Health Private Ltd (the Indian counterpart of MediGain LLC), a leading global provider of revenue cycle management (RCM) solutions and analytics for the healthcare industry,has announced that it plans to expand its Indian operations five-fold with the recently-acquired $38 million in growth capital from Prudential Capital Group (Prudential).Deloitte Corporate Finance LLC (DCF) acted as a financial advisor to MediGain and helped facilitate the transaction.

“The $38 million in growth capital obtained by MediGain will have a very positive effect on our operations in Chennai, India,” said Dinesh Butani, Chairman of MediGain, LLC. “Our presence in India will enhance from the current level of 300employees to more than 1500 employees to support new business growth.”

MediGain started its Indian operations with a 20-member team in Chennai in the year 2012 and has now grown multifold and the team has expanded to around 300 members today.  MediGain Health Private Ltd is the single-largest “factory direct”RCM service providers in the healthcareindustry and MediGain, LLC. Is one of the fastest-growing RCM companies in the United States.

MediGain provides a full suite of Revenue Cycle Management services and operates on the top eight practice management systems in Healthcare, while MediGain competitors are hindered by only being able to provide services on a single platform. Having healthcare industry-leading technology and global resources hasallowed MediGain to grow tenfold over the past four years, providing services to leading physicians and ambulatory surgery centers in United States.

MediGain provides revenue cycle management services for physician’s offices, ambulatory surgery centers, and hospitals. The company specializes in high value and complex medical specialty services and provides early stage as well as delinquent account collections. The highly qualified staff successfully handles commercial insurance, Medicare, Medicaid, and private pay accounts.

source : Lokesh Shastri