“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,” said Sabyasachi Goswami, CEO, Perfios
Bengaluru: Bengaluru based B2B SaaS player Perfios has announced takeover of healthcare information exchange platform IHX.
The takeover intends to to combine Perfios’ health data insights with IHX’s ecosystem reach to streamline the claims landscape in the fast expanding health insurance sector.
IHX is a healthcare information exchange platform, connecting healthcare providers and payers to enable real-time, digital-first claims processing across the ecosystem.
Currently, it processes over 40 per cent of all cashless health insurance claims in India dealing with with over 30,000 hospitals across 1200 ciities in the country and collaborates with over 30 insurers, in India’s Rs 1 trillion health insurance market.
However, the financials of the deal have not been disclosed yet.
Perfios is a B2B SaaS company serving the banking, financial services and insurance industry by helping financial institutions shape their origination, onboarding, decisioning, underwriting and monitoring processes at scale and speed.
“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,” said Sabyasachi Goswami, CEO, Perfios.
He added that the combination of IHX’s stronghold in the healthcare ecosystem with Perfios’ deep expertise in data intelligence and analytics will drive greater efficiency, reduce claims turnaround time, and elevate the experience for both patients and healthcare providers.”
Mahesh Nagaraj, MD, IHX, said, “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.”
The latest acquisition is followed by Perfios’ recent strategic acquisitions of two companies, Clari5 and CreditNirvana. The Bangalore-based company has raised $263M in 14 rounds of funding and seen participation from investors like Bessemer Venture Partners, Warburg Pincus and Kedaara, according to data from Tracxn.