CARMEL - Zotec Partners has broken ground on a new national headquarters in Carmel. The medical revenue cycle management provider plans to invest nearly $47 million into the five-story facility and add up to 300 jobs by the end of 2022. The company, which has about 250 associates in Indiana and 850 nationwide, says the new headquarters will allow for future growth in Indiana for years to come.

Plans for the 120,000-square-foot facility include an innovation work center and a training facility, as well as corporate offices and a parking garage. The company plans to move into the space by the end of 2020. Founder and Chief Executive Officer T. Scott Law says the facility will ensure employees' work "is not hindered by traditional corporate walls."

Zotec says it currently serves around 17,000 physicians and manages 80 million medical encounters in all 50 states. It says the expansion will allow the company to adapt to industry changes and develop new technology to improve patient experience.

The Indiana Economic Development Corp. is offering Zotec more than $4.3 million in conditional tax credits and training grants, based on the company's job creation plans. The IEDC has also offered up to $500,000 from the Industrial Development Grant Fund to support infrastructure upgrades at the cite. The city of Carmel is also considering incentives.