Firstsource Solutions gains nearly 6 per cent on acquiring PatientMatters

A global provider of business process management, Firstsource Solutions announced on Wednesday that it has acquired PatientMatters, a healthcare revenue cycle management (RCM) solutions provider. 

PatientMatters merges disparate registration, bill estimation & financial services with intelligent workflows thereby, improving revenue realisation for hospitals. With this strategic acquisition, Firstsource Solutions will be able to strengthen its presence in large markets like Texas and New York, coupled with new capabilities of pre-authorisation and patient bill estimation at the front-end of the RCM cycle.  

Firstsource Solutions Limited is a leading provider of transformational solutions and services spanning the customer lifecycle across healthcare, banking & financial services, along with other industries. It has an established presence in the US, the UK, India, and the Philippines. 

At 3.24 pm on Wednesday, the stock of Firstsource Solutions was trading 5.56 per cent higher at Rs 79.75. It recorded an intraday high of Rs 80.50 and an intraday low of Rs 76.80 on BSE. In comparison, S&P BSE Sensex was trading 1.04 per cent higher.