Indian IT sees big business in US healthcare reforms

Thursday, August 4, 2011

The smaller players start receiving orders in the health centers:

U.S. President Barack Obama, $ 37 billion of stimulus funding for undocumented U.S. hospitals has opened up opportunities for Indian IT companies. The electronic health record (EHR) program of incentives and changes in the ninth to the 10th revision of the International Classification of Diseases (ICD-10) has opened a market as large health providers such as Little India in the For large IT beings, if not more.

Many small IT companies have already started bagging projects in hospitals and clinics U.S. physician. While paperless health centers need help in system configuration, installation, conversion of patient data in formats and made available to the public and the integration of various services and databases.

"The change from ICD-9 and ICD-10, which must occur before October 1, 2013, requires that the country has an EHR system in place. Coding of diseases in ICD-10 will result in greater accurate reimbursement and help the country reduce its growing health care costs. Professional accredited to the incentive program to get $ 44,000 in five years and hospitals with a minimum of $ 2 million. However, the end-to end IT infrastructure is not enough we have to look for more cost-efficient vendors, "said Ivan Durbak, chief information officer of Bronx-Lebanon Hospital in New York.

The 800-bed Bronx-Lebanon has signed a U.S. $ 30 million based in Chennai gavs Technologies for EHR project. "We look for small companies that are flexible and have good technology. An offshore project will help save at least half the cost," he said.

According to Sumit Ganguli, president of Technology gavs, the company expects about $ 60 million revenue from these projects in two years.

Similarly, ViCarePlus is the provision of services to 15 clinics and partnership with a local provider of two hospitals in the Bay Area and Florida. "There are more than 5,000 U.S. hospitals and clinics of 225,000. Most hospitals are less than 100 beded about and are unable to seek the support of large IT companies.

The clinics also look forward for profitable services. As the market for small and medium IT vendors is huge, "said Renu B Vivekanand, business development manager, healthcare division, VICARE Plus.
Read more here