Infotech Lead India: ExlService Holdings has acquired Landacorp to increase its presence in the healthcare industry.
The acquisition enables EXL to add a technology platform, embedded analytics and deep healthcare domain expertise.
According to research firm NelsonHall, the market for outsourced services to healthcare payers should increase to $15 billion in 2016 from $9 billion in 2011.
EXL is expected to establish a leadership position in healthcare by integrating care management technology, clinical outsourcing services and focused analytics.
Landacorp is a provider of healthcare solutions and technology with more than 50 million members under management on its platforms.
Its technology solutions enable health care industry to share vital clinical data with payers, providers, plan participants and accountable care organizations (ACOs). These services and solutions enable collaborative care, provide insights through analytics, improve health and realize cost savings across the healthcare value chain.
“I am excited to announce our acquisition of Landacorp, which provides EXL with an end-to-end solution for the healthcare industry, and which is consistent with our strategy of building deep domain expertise in select industry verticals and offering platform-based solutions,” said Rohit Kapoor, vice chairman and CEO of EXL.
EXL has already generated positive business impact for its healthcare clients with high end analytics specific to healthcare, and clinical services capabilities including over 800 nurses and clinicians.
“Landacorp has found a great home in EXL, which has a clear vision for building up its healthcare practice, as well as impressive financial strength,” said Jay Dunlap, general manager of Landacorp.
Healthcare payers are striving to drive down costs by increasing operational efficiency, to improve health outcomes and to enhance the customer experience. These dynamics, along with demographic trends and rapid regulatory change, are increasing the strategic value of care management systems.
Healthcare offers an attractive growth opportunity for EXL, as the industry faces secular cost pressures, regulatory implementation deadlines, potentially surging enrollments, and increasing shortage of analytical staff.