Sunday, March 24, 2013

New US healthcare insurance bill will open jobs for India



C Shivakumar
Chennai:
The implementation of United States new healthcare insurance bill which would extend insurance cover to 32 million Americans will open up projects for Indian IT service providers besides creating huge job opportunities.
Speaking to Express, Harshith Ramesh, president of Episource, a healthcare knowledge process outsourcing firm headquartered in La Palma (California) with delivery centres in Chennai and Mumbai, said the implementation of ObamaCare would result in United States spending $2.5 trillion.
As a result to cut costs, the maintenance and care of health records would be transferred to Indian outsourcing firms.
This include proper collection, management and use of information within healthcare systems which will determine the effectiveness in detecting health problems, defining priorities, identifying innovative solutions and allocating resources to improve health outcomes, said Ramesh.
Interestingly, Episource, which has been growing at more than 100 per cent per year for last three years is looking to hire around 2,000 people before October next year when the bill is believed to be implemented.
Vikas Dubey, vice-president operations of Episource said that his company is looking to hire more than 600 experienced medical coding professionals, health science graduates and tech leads in Chennai and Mumbai in next one year.
Interestingly, he along with Timothy Buxton, senior manager coding services, Episource, believes that the demand for medical coding professionals would rise phenomenally.
Medical coding is the transformation of narrative descriptions of diseases, injuries, and healthcare procedures into numeric or alphanumeric designations (that is, code numbers). The code numbers are detailed in order to accurately describe the diagnoses and the procedures performed to test or correct these diagnoses.
Interestingly, coding health-related data permits access to health records according to diagnoses and procedures for use in clinical care, research, and education.
Common uses of medical codes in healthcare include identifying symptoms that must be evaluated and to alert other healthcare professionals to life-threatening allergies besides reporting services performed for reimbursement and helping with administrative functions such as staffing, scheduling, and adding or decreasing healthcare services.
It is believed the revenue opportunity for IT companies because of Obamacare would be worth billions and Indian IT/BPO providers are likel to get 40-50 per cent of this revenue.

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