Categories: Client News

Prospects bright for PHL healthcare BPO

<p>The Philippines continues to be a top business process outsourcing &lpar;BPO&rpar; destination through expansion of various sectors&comma; including healthcare information management outsourcing &lpar;HIMO&rpar;&period; &OpenCurlyDoubleQuote;The country is responding to the global demand for more innovative healthcare information management services&comma;” said JL Botor&comma; president of the Healthcare Information Management Outsourcing Association of the Philippines &lpar;HIMOAP&rpar;&period;<&excl;--more--><&sol;p>&NewLine;<p>In the United States&comma; healthcare reforms such as the Patient Protection and Affordable Care Act &lpar;PPACA&rpar;&comma; the Health Care and Education Reconciliation Act of 2010 &lpar;HCERA&rpar; and allied reforms such as the American Recovery and Reinvestment Act of 2009 &lpar;ARRA&rpar; are transforming the business climate for healthcare and insurance providers&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;These reforms are projected to add at least 30 million members to the US healthcare insured population&comma;” said HIMOAP chairman Jeff Williams&period; &OpenCurlyDoubleQuote;Combine that with the technological changes including the mandatory implementation of electronic health records and changes to existing medical coding standards&comma; the US healthcare providers will need to modify the way they operate to maintain acceptable profitability&period;”<&sol;p>&NewLine;<p>The conversion from ICD-9 &lpar;International Classification of Diseases&rpar; to ICD-10 coding system will also grow the healthcare outsourcing sector&period; ICD is a medical coding system followed by most countries for healthcare record keeping&period; In the US&comma; ICD-10 implementation on October 2014 is expected to raise the number of medical codes that need processing&period;<&sol;p>&NewLine;<p><em>Growth opportunities<&sol;em><br &sol;>&NewLine;The government has placed IT-BPO outsourcing among its top priority growth sectors&period; President Aquino’s signing of Republic Act 10173 or the Data Privacy Act is seen to boost the industry’s prospects&period; &OpenCurlyDoubleQuote;Secured maintenance of health records is a cornerstone of proficient servicing in our industry&period; The Act elevates the country’s image as a highly-qualified healthcare outsourcing provider&comma;” said Botor&period;<&sol;p>&NewLine;<p>The recent signing of another bill into law&comma; RA 10175 or the Cybercrime Prevention Act&comma; will further protect the industry from theft and fraud and help sustain a healthy business relationship with global clients&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;HIMO is a rather new industry&comma;” said Trankripsyo chief executive officer Michael Chua&period; &OpenCurlyDoubleQuote;The government should continue to assist the industry in terms of manpower development and creating awareness in major markets such as the US&comma; Europe&comma; Australia and Asia that the country has this capability&period;”<&sol;p>&NewLine;<p>The country also needs to cultivate a quality pool of HIM professionals&period; However&comma; course offerings remain limited and expensive&comma; Chua said&period; Partnerships with educational institutions like the Technical Education and Skills Development Authority &lpar;TESDA&rpar; and Commission on Higher Education &lpar;CHED&rpar; can create a domestic demand and bring education closer to the potential talent&period;<&sol;p>&NewLine;<p>These opportunities and issues will be discussed in the 3rd Healthcare Information Management Outsourcing Services Congress &lpar;HIMOSC&rpar; hosted by HIMOAP on November 6 at the InterContinental Hotel&comma; Makati City&period; Active industry players will be in attendance to tackle how healthcare outsourcing in the Philippines can be taken to new heights&period;<&sol;p>&NewLine;<p>To register for HIMOSC&comma; visit <a href&equals;"http&colon;&sol;&sol;www&period;himoap&period;com&sol;himosc" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">www&period;himoap&period;com&sol;himosc&period;<&sol;a><&sol;p>&NewLine;<p><strong>About the Healthcare Information Management Outsourcing Association of the Philippines<&sol;strong><br &sol;>&NewLine;The Healthcare Information Management Outsourcing Association of the Philippines &lpar;HIMOAP&rpar;&comma; formerly known as the Medical Transcription Industry Association of the Philippines&comma; Inc&period; &lpar;MTIAPI&rpar;&comma; is a non-stock&comma; non-profit industry organization recognized by the Philippine government and IT-BPO industry&period; The association was first registered as MTIAPI with the Philippine Securities and Exchange Commission in October 16&comma; 2003 and renamed as HIMOAP in August 2010&period; HIMOAP prides itself in bringing together the Philippines’ most distinguished and active players in the healthcare outsourcing industry towards a common endeavor&period; The association serves the needs of the HIM service organizations&comma; HIM education and training centers and vendors as it promotes the Philippines as the destination of choice for quality healthcare information management outsourcing services&period;<&sol;p>&NewLine;

J Darell Sapin

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