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US-based TriZetto Group on Wednesday said it has acquired Baltimore headquartered Tela Sourcing Inc with a Business Process Outsourcing (BPO) centre in Pune and will rename it Trizetto BPO.
“This acquisition will enable TriZetto to provide end-to-end outsourcing services to 65 health plans and Third Party Administrators (TPAs). The service will be extended to TriZetto and non-TriZetto applications which will help customers reduce costs, improve efficiency and normalise long-term operations,” the company said in a statement.
Tela Sourcing provides US and India-based outsourcing capabilities to the healthcare industry.
With this acquisition, Tela Sourcing will be renamed as TriZetto BPO, it said.
“The combination of our on-shore, off-shore and blended-shore models can typically reduce costs by more than 40 per cent in key administrative functions and by more than 20 per cent in total administrative expenses for payer organisations,” TriZetto Advantage Services’ Executive Vice- President, Mike Jenner, said.
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