HEALTHCARE OUTSOURCING SEES SHARP GROWTH IN THE PHILIPPINES
2012-11-16 13:25:53 - The segment of the local business process outsourcing industry that serves the healthcare sector is expected to grow sharply in the Philippines over the next four years on the back of strong demand from developed countries.
According to Patrick David, from the global BPO and Call Centre Company, Coracall, which has global operations across the UK, South Africa and the UK, “The industry remains on target to meet its 2016 roadmap of $1 billion in revenue and 100,000 employees”.
“The industry has matured considerably from initially delivering medical transcription services, to now offering various services, including clinical
data management, disease management, revenue cycle management, pharmacy benefits management, electronic medical records, medical claims recovery, patient education, insurance processing and quality assurance. With a highly skilled, English-speaking workforce, good telecommunications infrastructure and a reasonable cost of doing business, the country’s healthcare outsourcing sector is expected to generate $433 million in revenue and employ 43,000 by the end of 2012.”
He further added, “As the industry has matured so has the support for growth. The creation of Healthcare Information Management Outsourcing Association of the Philippines (HIMOAP) and affiliations with government bodies such as the Ministry for Information, Communication and Technology has had a significant effect in generating employment and in organizing and promoting the industry and fostering a healthy business climate.”
For further information please contact:
329 Umhlanga Rocks Drive
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements, as a result of either the matters set forth or incorporated in this report generally or certain economic and business factors, some of which may be beyond the control of Coracall. These factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital to support operations and projections of revenues and profitability. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.