VRCM receives Rs 150 mn venture funds

NEW DELHI, INDIA: Visionary RCM , a provider  in healthcare revenue cycle management, announced that it has received funding of Rs 150 Million from a venture capital company, IndoUS Venture Partners (IUVP), which provides early and mid-stage funding to new and growing businesses in India.

VRCM would primarily use the capital to acquire US based companies in the coming year. With this funding the company is looking to aggressively scale up its processes to become a leading player in this space, said a press release.

VRCM was started in the year 2006 by a first generation entrepreneur Rajesh P Surana, along with  Sundararajan, advisor to Shriram Group and Abhaya Kumar, Joint Managing Director, Shasun Chemicals and Drugs.  The company has a state of the art delivery center in Chennai.

With strong funding and ambitious plans VRCM is looking to create 300 high skill jobs in India by the next year, the release added.

Rajesh Surana, CEO of VRCM said, “US Healthcare offers a huge spectrum of opportunities for innovative companies like ours for organic and inorganic growth. Our focus is on creating brand equity for VRCM in Healthcare Services Space and partnering with IUVP would help us in working towards our vision. With this we expect to continue on our high growth path by tapping newer markets and attracting quality talent.”

Kumar Shiralagi, Managing Director of IUVP added, “Our keen interest in Visionary RCM comes from the scope of growth and the track record of the company in the healthcare space.”

He further added that VRCM with its strong service proposition has not only offered customers better value but also driven them towards higher productivity and margins which are clear indicators of the commitment that it has towards its business. Throught this partnership they hope that VRCM is able to leverage the enormous opportunities that the US market offers in the healthcare space and build a growth trajectory for all associated.