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Started by : Mohit Aggarwal, Sales/BD Manager, Oracle   03 27 2010 07:23:40 +0000
Industry : Medical Devices, Products & SolutionsFunctional Area : USA(Markets)
Activity:  31 views;  last activity : 07 06 2010 20:18:09 +0000

While the contentious political battle over the new healthcare law continues in the United States, here in India, the outsourcing industry is seeing it as a boon for business and is salivating over its prospects.

Indian companies are working with American insurers handling back-office operations, including claims processing, supply management and transcription services. The new law requires some insurance companies to devote more of the premiums they receive to direct health care and away from administrative costs.

So users, how can US healthcare expansion bring business for India?

 
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By Healthcare outsourcing

idea posted by Mohit Aggarwal Sales/BD Manager, Oracle

The healthcare reform bill is a very, very big opportunity for us. The extension of healthcare to 32 million additional Americans over the next decade will mean the need for those services will grow. A big part of what we do for the American companies is eligibility assessment services, where we assess eligibility of a patient for the Medicare program. We also work with hospitals to submit claims and enrol new patients. With the new bill, all this work will increase. The healthcare law will create a huge pressure on American insurance companies to cut costs. Ultimately it is a business decision to outsource. All this new work has to go somewhere, and India will gain.

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