IPO Details

About Company

Sagility India Limited, previously known as Berkmeer India Private Limited, specializes in healthcare-focused solutions and services tailored for U.S. health insurers (Payers) and Providers, which include hospitals, physicians, diagnostics, and medical technology companies. The company supports the core operations of both Payers and Providers. For Payers, Sagility India offers a comprehensive range of services across the entire operational spectrum, including centralized claims administration and clinical support functions. These services cover claims processing, payment integrity, clinical management, and more. For Providers, the company provides revenue cycle management services, assisting with billing and claims for treatment costs from Payers. Additionally, Sagility India extends certain services provided to Payers to Pharmacy Benefit Managers (PBMs), who oversee prescription drug coverage for insured members under health benefit plans. Sagility India’s customer base is exclusively U.S.-based. As of March 31, 2024, its top five customer groups, including subsidiaries, had an average tenure of 17 years. In January 2024, Sagility India served five of the ten largest U.S. Payers (as per the Everest Report) and gained 20 new clients over fiscal years 2024 and 2023. As of March 31, 2024, the company employed 35,044 people, with women making up 60.52% of the workforce. Among the employees, 1,687 held specialized certifications, including 374 certified medical coders, 1,280 registered nurses across the U.S., Philippines, and India, and 33 with other medical degrees, such as in dentistry, surgery, and pharmacy.