To refer to the healthcare outsourcing a while back. They knew that they were speaking about medical billing outsourcing and coding services. The healthcare outsourcing companies have diversified their offering in order to be able to fit into the sometimes overstretched budgets of healthcare providers creating solutions suited specifically for the healthcare industry. It is certainly one that requires the most attention among healthcare providers because of the healthcare reform, but while medical coding and billing are not the sole areas of focus in the healthcare outsourcing. Navigant acquired healthcare consulting company, EthosPartners Healthcare Management Group. The ethospartners healthcare management Group. The company cites the need to prepare for he demands of health reform while delivering high high quality care, a need that is certainly echoed by many healthcare providers. Most of the medical billing and coding companies are preparing for the influx of business in relation to the reform and some are choosing to diversify and expand their offerings in order to cover numerous areas in the space.
One such company is outsourcing company and subsidiary of Xerox, ACS who announced on the 15th of October that they are acquiring healthcare teleservices company, TMS Health from Palm Beach Capital. The FLorida based company provides customer care services to pharmaceutical, biotech and other healthcare-related industries. The ACS is helping pharmaceutical companies make every customer interaction count in a market that spends up to $12 billion per year on marketing to its stakeholkder, TMS brings strong communication capabilities to the deal. They will save clients money and help them more effectively reach constituents.
The TMS is the healthcare teleservices provider of seven of the top ten pharmaceutical companies and who only four years before had been acquired by Palm Beach Capital for $10.5 million. The TMS Health counted companies such as AstraZeneca, Merck and Novartis as some of its clients during that acquisition. The Indian company Aditya Birla Minac’s on the other hand is going into similar paths as ACS when they advised on that they are also looking for acquisitions in the healthcare space as well in the public sector. While ACS’ acquisition was for a US based company, Birla Minac’s is looking towards Europe for its expansion plans. At the moment, their priority is to build capabilities in core business process in the healthcare and public sector verticals. If they get a firm with a European base it would be an added advantage.
REFERENCE:
http://www.blog.infinit-o.com/healthcare-outsourcing-services-medical-billing-medical-coding/
