Taking into account recent results released by Indian software provider Tata Consultancy Services, the company took note that in its last quarter. One of its key was a multi million dollar, multi year strategic partnership with a healthcare company to provide knowledge process outsourcing services in clinical development. It its not about healthcare reform, its about information technology. The case both indicated that healthcare outsourcing is expected to garner a lot of business and healthcare outsourcing providers including medical coding or medical billing companies know it. Fellow outsourcer and Information Technology provider HCL Technologies reported quarterly results on the 9th of January. This announced a strong growth in its healthcare vertical at 7.4 percent on top of its better than expected results for the quarter.
The healthcare reform, human resource and recruitment services provider Pinstripe Inc. has revamped its leadership team with the appointment of Michael Soisson to healthcare practice leader. The appointment will drive and promote innovative talent acquisition approaches for the meeting the workforce demands being shaped by healthcare reform. The Xerox Corporation on the other hand is maximizing its solutions with its acquisition of the company. The WaterWare Internet Services announced on the 31st of January. The waterware is a provider of web application and software development, integration and customization. Allowing the company to provide electronic health record capturing and management, the acquisition improves on Xerox existing Enterprise Content management platform as well as pharmacy orders automation, maximizing on the electronic health records trend.
The company has in turn improved on its revenue cycle management services to address the issue, the fellow outsourcers Vengroff, Williams and associates also announce an expansion of its healthcare practice specifically in its revenue cycle management solutions. The major complaint among hospital CEO’s and private medical practices lies in the inefficiency of the billing systems. More and more companies are focusing and revamping healthcare outsourcing efforts a survey recently released by Ponemon Institute as sponsored by data integration company, Informatica on the 1st of February revealed that more than half of healthcare companies do not protect patient data. The survey of healthcare Information Technology professionals found that confidential patient records are not adequately protected from theft or loss with the most at 51 percent not protecting their data.
In the healthcare outsourcing, even with the current uptick in business in healthcare outsourcing. The old concerns specifically issues on the security have remained in the industry. In considering that more than a half from the survey are not seeing outsourcing as an option specifically due to security concerns in a time when seeing increasing adoption of outsourcing in the healthcare suggests that the current growth seen is merely a fraction of the true potential that the healthcare industry presents.
REFERENCE:
http://www.blog.infinit-o.com/outsourcing-companies-bet-healthcare-despite-security-concerns/
