3Gen Consulting Secures INR 185 Crore Investment from Piramal Alternatives to Revolutionize Healthcare Revenue Cycle Management
3Gen Consulting, Press TeamDecember 13, 2024
Mumbai, India, December 2024 – 3Gen Consulting, a leading provider of healthcare consulting and revenue cycle management (RCM) services, announced that it will receive a strategic investment of up to INR 185 Crores (~USD 22 million) from Piramal Alternatives, the alternative investment platform of the Piramal Group. This partnership is set to accelerate 3Gen Consulting's growth and bolster its leadership in the healthcare industry.
Accelerating Growth Across Healthcare Consulting and Revenue Cycle Services
3Gen Consulting offers a comprehensive suite of healthcare consulting services, including medical coding, billing, accounts receivable management, risk adjustment reviews, payer contract negotiations and physician education services across specialties. With this funding, 3Gen Consulting plans to expand its operations, enhance its technological capabilities, and enter new markets to meet the increasing demand for innovative healthcare solutions.
This investment will enable 3Gen Consulting to deliver cutting-edge solutions that improve healthcare revenue cycle efficiency and enhance patient care outcomes. The company remains committed to setting new benchmarks in healthcare consulting by delivering high-impact, customer-centric results.
Leadership Perspectives on the Strategic Partnership
“We are thrilled to partner with Piramal Alternatives, a leader in the alternative investment space,” said Hemant Apte, Founder and Chief Executive Officer of 3Gen Consulting. “Given Piramal Group’s global experience in Healthcare & Pharmaceuticals, this collaboration will represent a significant step forward in our shared commitment to diversify and grow our healthcare enterprise solutions business. Together, we’re poised to deliver innovative solutions that create meaningful impact and drive success for our customers and communities.”
Kalpesh Kikani, Chief Executive Officer at Piramal Alternatives, commented, “We are pleased to partner with 3Gen Consulting in the rapidly expanding field of healthcare technology and consulting solutions. The continuous increase in global healthcare expenditures will drive the demand for RCM and related services. Our investment will enable 3Gen Consulting to further strength its position in the RCM space.”
With the strategic backing of Piramal Alternatives, 3Gen Consulting is set to redefine the healthcare consulting industry by offering innovative solutions that drive improved healthcare delivery and financial performance.
About 3Gen Consulting
3Gen Consulting is a premier healthcare consulting firm specializing in revenue cycle management services, strategic consulting, and operational optimization for healthcare providers. The company offers end-to-end solutions to improve financial performance, operational efficiencies, and patient care outcomes. By leveraging advanced technology and deep industry expertise, 3Gen Consulting empowers healthcare organizations globally to meet the evolving challenges of the healthcare landscape. For more information, visit https://www.3genconsulting.com/.
About Piramal Alternatives
Piramal Alternatives is the alternative investment platform of Piramal Group, one of India's leading global conglomerates. The platform focuses on making long-term investments in high-growth companies across sectors such as healthcare, real estate, and financial services. Piramal Alternatives partners with businesses that have significant growth potential and provides them with the strategic resources needed to scale and create lasting value. With a proven track record of successful investments, Piramal Alternatives is dedicated to fostering innovation and building resilient businesses across industries. For more information, visit www.piramal.com.
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FAQs
The FAQ section simplifies key information about 3Gen Consulting’s services, helping partners navigate our offerings, methodologies, and value.
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The funding allows 3Gen Consulting to scale its RCM operations, accelerate technology modernization, and expand specialized services such as medical coding, billing, AR management, and risk adjustment. Healthcare leaders can expect more automation, faster turnaround times, and higher accuracy across the revenue cycle.
3Gen is prioritizing advanced analytics, AI-assisted workflows, and next-gen automation to improve coding quality, reduce denials, enhance AR predictability, and increase operational efficiency. If you'd like early access to upcoming platform updates, our team can walk you through what’s on the roadmap.
Clients can expect expanded service capacity, stronger compliance support, and more scalable RCM solutions tailored to fast-growing practices. The goal is to help leaders improve cash flow, strengthen financial performance, and reduce administrative burden with greater speed and precision.
Piramal’s deep experience in healthcare and pharmaceuticals aligns with 3Gen’s mission to innovate in RCM and consulting. The partnership brings strategic capital, industry expertise, and global credibility – enabling 3Gen to accelerate growth while maintaining its customer-centric, outcomes-driven approach.
Yes. 3Gen is using this capital infusion to enter new geographies, strengthen U.S. operations, and grow offerings in risk adjustment, payer contract support, consulting, and enterprise RCM solutions. If you're evaluating RCM transformation initiatives, this is an ideal time to connect with our leadership team.
Leaders can schedule a call with 3Gen’s experts to get personalized updates on new capabilities, service expansions, and technology releases. You’ll gain clarity on how these advancements can support your organization’s long-term financial and operational goals.