Company services include claims management, payment integrity and clinical management
MUMBAI, Oct 15 (The CONNECT) – Technology-enabled healthcare solutions firm Sagility India Limited has received the final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), for its initial public offering (IPO).
The IPO, with a face value of Rs 10 per equity share, is entirely an offer for sale of up to 98.446 million equity shares by Sagility B.V, the Promoter Selling Shareholder.
The three-year-old Bengaluru based company provides technology-driven services to both Payers and Providers, covering core benefits administration and clinical services.
These include claims management, payment integrity, clinical management, and more. For Providers, it offers revenue cycle management services to help with billing and treatment cost claims from Payers. It also extends some of its Payer services to pharmacy benefit managers (PBMs), who manage prescription drugs for insured individuals under health plans.
Health payers are entities that pay for or reimburse healthcare services for insured members through health insurance plans. Healthcare providers are individuals or healthcare facilities that are licensed to deliver care services or aid in care delivery such as doctors, clinics, hospitals, labs, durable medical equipment providers besides others
ICICI Securities Limited, IIFL Securities Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited are the book-running lead managers, and Link Intime India Private Limited is the registrar of the issue.
