Philippine outsourcing industry eyes $54-B healthcare IT market in US

OABPO Blog Team Published on October 16, 2013
philippines-outsourcing

The Philippine outsourcing industry is gearing up to penetrate the healthcare outsourcing market in the US, forecasted to be worth $54 billion by 2015, the Yahoo reported recently.
According to the Healthcare Information Management Outsourcing Council of the Philippines (HIMOAP) President Josefina Lauchangco, the US share comprises 60% of the global market for IT healthcare. The growth of the US market is primarily driven by the US Healthcare Reform Bill, more commonly known as “Obamacare.”
Under the bill, more than 40 million Americans will be eligible for health insurance coverage. The Philippine outsourcing industry can supply services related to this measure. According to a local news website, these services include claims processing, premium and benefit administration, and medical transcription, among many others.
House Deputy Majority Leader Roman Romulo said in a previous interview that American health insurers will benefit from around 30% of reduced costs by outsourcing in the country. Moreover, the Philippines has a rich pool of college-educated professionals, among them licensed nurses and other health professionals who are highly qualified to work for back office services.
Romulo added that the new Data Privacy Protection Law is another factor that may encourage US companies to outsource to the Philippines. This law protects the confidentiality of personal information provided by clients stored in IT systems.
The Philippine outsourcing industry is currently experiencing strong growth. Its revenue is projected to hit $16 billion this year, up from a previous estimate of $15.7 billion.
Outsource your business functions now to the Philippines and get significant cost savings. Our company, Open Access BPO, offers competitively priced outsourcing solutions to small, medium-sized, and even Fortune 500 companies. Learn more about services on our website and connect with us in our Google+ page.
 
 

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Multilingual call center ๐Ž๐ฉ๐ž๐ง ๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐๐๐Ž has launched its largest employee wellness program, ๐—ฆ๐—›๐—œ๐—™๐—ง: ๐—”๐—ป ๐—ข๐—”๐—•๐—ฃ๐—ข ๐—Ÿ๐—ถ๐—ณ๐—ฒ๐˜€๐˜๐˜†๐—น๐—ฒ ๐— ๐—ผ๐—ฑ๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฃ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฎ๐—บ.

The three-month program was launched July 30 at the company's Robinsons Summit Center HQ in Makati, with a live stream to its Davao and work-from-home teams. According to Senior Director Nate Martinez, SHIFT focuses on a holistic approach to fitness and nutrition to promote lasting lifestyle changes.

The initiative, which stands for ๐’๐˜‚๐˜€๐˜๐—ฎ๐—ถ๐—ป๐—ฎ๐—ฏ๐—น๐—ฒ ๐‡๐—ฒ๐—ฎ๐—น๐˜๐—ต ๐—ฎ๐—ป๐—ฑ ๐ˆ๐—ป๐˜๐—ฒ๐—ด๐—ฟ๐—ฎ๐˜๐—ฒ๐—ฑ ๐…๐—ถ๐˜๐—ป๐—ฒ๐˜€๐˜€ ๐“๐—ฟ๐—ฎ๐—ป๐˜€๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป, aims to help employees in the business process outsourcing (BPO) industry build healthier, sustainable habits.

Company Nurse Princess Ann Louisse Pascual provided a detailed overview of the program, emphasizing its goal of long-term wellness rather than just short-term fitness goals. Nurse Supervisor Shania Semper also highlighted the importance of health and wellness within the BPO industry.

The company anticipates this investment in wellness will lead to a more productive, engaged, and healthier workforce.

This initiative is a testament to the company's commitment to building a supportive, people-first culture, with the goal of fostering improved employee well-being, morale, and overall performance.

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