Healthcare BPO to generate US$1 billion in revenues before 2016

Jun 14, 2014SHORE Blog

The Healthcare Information Management Outsourcing Association of the Philippines (HIMOAP) said the business process outsourcing (BPO) subsector it represents is likely to generate US$1 billion in revenues before 2016, earlier than its past projection. It also projects to have 100,000 full-time employees by 2016.

This optimism comes after healthcare information management services business process outsourcing (HIMS-BPO) had 114 percent growth in revenue (from US$462 million in 2012 to US$988 million in 2013), and 47 percent growth in employment (from 24,700 in 2012 to 44,849 in 2013).

Aside from increased revenues, HIMS-BPO provides additional employment options to graduates from all allied medical fields. HIMS-BPO services include telemedicine, pharmaceutical, revenue cycle management and clinical and non-clinical healthcare application support.

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