The US medical diagnosis coding system is changing.
That, in itself, might not be much news to the rest of the world. But for the outsourcing industry in the Philippines, it is a sign that business will soon be booming.
The nation has already outranked India as the most popular outsourcing location for BPO services, and call centre services in particular. By 2016, it is expected to reach 1.3 million active employees and register over $20 billion in revenue.
From Phys.org we learn that Dan Reyes, chairman of the IT & Business Process Association of the Philippines, and Jose Mari Mercado, the association’s president and CEO, are confident that the revision in the U.S. healthcare system will bring an influx of medical contracts to the country. The staggering 385% growth, from 14,000 diagnostic codes to 68,000, will see the number of processing positions in the Philippines increase dramatically.
The future looks bright for both healthcare graduates in the Philippines and outsourcing companies based there.
Recent Posts
How to Create Robotic Process Automation?
Robotic process automation is cutting-edge software that makes it possible to automate repetitive tasks and processes within an organization. In recent years, it’s been gaining increasing popularity among entrepreneurs who aim to expand and digitalize their businesses. What [...]
How Does Robotic Process Automation Work?
Robotic process automation is a solution more and more frequently adopted by various companies around the globe that want to refine their strategies and automate activities in order to be more efficient and productive. How does robotic process [...]
What Is Digital Transformation in Financial Services?
If you operate in the banking, financial, or insurance sector, you certainly know how hard it is to keep up with all the regulations, and at the same time stay on the cutting edge of technology to ensure [...]
Why Is Digital Transformation Important?
Digital transformation has been gaining increasing popularity among entrepreneurs from all over the world. What is it and how can it benefit your business? Keep reading today’s entry to discover the importance of digital transformation! Digital transformation - [...]
