Hexaware partners with UK-based HBSUK to enhance clinician onboarding efficiency; shares fall

Shares of Hexaware Technologies declined on Wednesday, June 3, despite entering a strategic collaboration with a UK-based healthcare services provider, HBSUK, to enhance the latter’s workforce management proposition.

The new solution digitises recruitment and onboarding through a secure portal where clinicians can submit credentials, identity documentation, and Right-to-Work evidence, according to a regulatory filing.

HBSUK collaborated with Hexaware to implement the workforce management system on Journey36’s cloud-based App36 platform, which orchestrates multiple large language models to accelerate development, implementation, and ongoing configuration, it stated.

The platform supports AI governance capabilities through Axonyx.ai to ensure responsible, transparent, and compliant use of AI across healthcare operations.

Further features planned for release in June include rota management, payment reconciliation and enhancements for HBSUK’s Contact Centre operations, Hexaware said.

Commenting on the development, R. Srikrishna, CEO and Executive Director of Hexaware Technologies, said: "Through our collaborative engineering approach, we are helping healthcare organisations streamline complex workflows and deliver measurable operational agility."

Clinician onboarding often involves fragmented systems and multiple manual verification steps, said Shantanu Baruah, President & Global Head, Healthcare, Life Sciences & Insurance of Hexaware Technologies, adding that by bringing these processes together on a single AI-enabled platform, healthcare organisations gain a more scalable and transparent way to manage clinician workforce operations.

“The ability to respond to our business needs and core workflows with such speed has been a key highlight of this collaboration,” said Keith Misson, CEO of HBSUK, “by working together to design systems that truly fit our operations, we are better positioned to support healthcare providers across the UK.”

Hexaware Technologies stock performance

Shares of Hexaware Technologies fell as much as 4.23% to touch an intraday low of ₹526.40 per unit on the National Stock Exchange (NSE) on Wednesday, June 3, despite the announcement amid a broad-based sell-off in the market.

At around 2:03 PM, the stock was trading 2.87% lower at ₹533.85 per equity share.

The scrip has gained 5% in the past week and 19% over the month. On a year-to-date basis, it has declined more than 29%.

While the share hit a 52-week high of ₹900 apiece on July 9, 2025, it touched a year’s low of ₹400.20 on March 12, 2026.

Hexaware Technologies has a total market capitalisation of ₹32,597.70 as of June 3, 2026, according to data on the NSE.