Tuesday, December 12, 2006

Healthcare outsourcing in India

Healthcare outsourcing in India: "The Healthcare and Life Sciences industry worldwide is witnessing rapid changes. The Medical and Life Sciences devices segment is moving towards open standards, interoperability, informatics and electronic patient records.

Healthcare providers and payers are contending with complex industry regulations, increasing costs and declining reimbursements. All these changes are driving improvements in IT and process effectiveness. Consolidation, escalating service levels and diminishing margins are also spurring payers to outsource data entry, claims processing and related functions. "

Medical tourism is attracting a lot of media attention because it's a form of healthcare outsourcing. However, Indian companies which provide healthcare business process outsourcing ( BPOs) already provide a considerable chunk of the "back office" operations of US hospitals - and this is going to increase exponentially in the next few years, because it's so much cheaper to perform these services in India. This is a billion dollar market !

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