Adminstration of the HC will be OUTSOURCED to INDIA says FOX

 
Post new topic   Reply to topic    PsyWarriorMatrix.com Forum Index -> Other Government Cover-Ups
View previous topic :: View next topic  
Author Message
Sensei
Site Admin


Joined: 24 Jan 2005
Posts: 6749
Location: Here Now. Somewhere Else Later

PostPosted: Sat Mar 27, 2010 12:13 am    Post subject: Adminstration of the HC will be OUTSOURCED to INDIA says FOX Reply with quote

US healthcare expansion means big business for India


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 extension of healthcare to 32 million additional Americans over the next decade will mean the need for those services will grow, executives here said.

“The healthcare reform bill is a very, very big opportunity for us,” said Ananda Mukerji, managing director of Firstsource Solutions. About 40 per cent of the company’s business comes dozens of American hospitals and insurance companies, he said.

“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 enroll new patients. With the new bill, all this work will increase.”

The new law requires some insurance companies to devote more of the premiums they receive to direct health care and away from administrative costs.

“The healthcare ... law will create a huge pressure on American insurance companies to cut costs,” said Rana Mehta, vice president of health care at Technopak, an independent consultancy firm in Gurgaon. “Ultimately it is a business decision to outsource. All this new work has to go somewhere, and India will gain.”

Just last year, India’s outsourcing industry was shaken when President Barack Obama declared he wanted to change “a tax code that says you should pay lower taxes if you a create job in Bangalore, India, than if you create one in Buffalo, New York.” They have responded with new efforts to reach out to American workers.

In anticipation of the healthcare law, many Indian companies are establishing a toehold in the US by negotiating mergers and acquisitions in recent months. This month, Patni Computer Systems, India’s sixth-largest IT firm, set up an office in El Paso, Texas, after a multimillion-dollar deal with an American healthcare company.
_________________
Thank you for supporting WarriorMatrix at:
http://www.OrgoneCrystals.com
and
http://www.LemurianCrystal.com
Please, share...
http://www.OrgoniteInfo.com
Back to top
View user's profile Send private message Send e-mail Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic    PsyWarriorMatrix.com Forum Index -> Other Government Cover-Ups All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum