Medical Billing
February 21, 2013
Abbott Abbott Laboratories is an American pharmaceuticals and health care products company, founded by Chicago physician, Dr. Wallace Calvin Abbott in 1888. The company is headquartered […]
February 11, 2013
With the rise in disposable income and changing lifestyle of individuals, demand for proper healthcare facilities has increased drastically thus a lot of scope of development […]
July 8, 2011
As part of the World Health Organization’s “Health Care for All by 2000,” the Indian government is working to improve the quality and accessibility of medical care. India aims to increase the number of hospital beds, increase new hospital construction, and acquire advanced technologies, substantially.Domestic production consists primarily of low technology products, & the demand for high technology devices is met predominantly by imports. At present, the three leading exporters of medical devices to India are the United States, Japan, and Germany. India still relies on foreign involvement for high-technology and highly specialized areas such as equipment for plastic surgery, cancer diagnosis and medical imaging.
July 5, 2011
Health Tourism can simply be defined as people traveling across borders to obtain or to give health care services. It is a combination of health treatment & tourism. Over 50 countries have identified medical tourism as a national industry. Services typically sought by travelers may include specialized surgeries such as joint replacement (knee/hip), cardiac surgery, dental surgery, and cosmetic surgeries. However, virtually every type of health care, including psychiatry, alternative treatments, convalescent care and even burial services are available. The reason Health tourism is gaining momentum include the high cost of health care, long waiting time, the ease and affordability of international travel, and improvements in both technology and standards of care in many countries.Many surgery procedures performed overseas cost a fraction of the price they do in America. Health tourism providers have developed as intermediaries to unite potential medical tourists with provider hospitals and other organizations. They also provide assistance to patients with pre- and post-travel medical issues & resources for follow-up care upon the patient's return.
July 5, 2011
July 3, 2011
Cord blood refers to the blood that is collected after the birth of a child after the umbilical cord has been cut and is extracted from the fetal end of the cord, diverting up to 75 ml from the neonate. It is usually done within 10 minutes of giving birth.An adequate cord blood collection requires at least 75 ml in order to ensure that there will be enough cells to be used for a transplantation
May 12, 2011
StemCell Banking has become the latest marketing fraud to hit the Indian cities with overzealous marketers selling the option to bank the stem cells from the cord blood of newborns for around $2,500.Private storage of one's own cord blood is unlawful in Italy and France, and it is discouraged in some other European states.The companies have massive marketing teams which visit expecting parents with expensive brochures and CDs to convince them of the goodness of stem cell banking.These companies offer to take away the blood from the cord of a newborn from which they will extract the stem cells and store in in facilities for further use in the future.These companies have not only targeting parents but also doctors in India.No doubt paying expensive commissions to doctors ( medical profession in India too has become heavily corrupt).
April 16, 2011
Labor Cost Arbitrage is the biggest reason for the growth of the Indian outsourcing industry.The outsourcing revolution in India which started though technology outsourcing has spread to the legal,medical and other fields as well.Medical Billing,Coding and Transcription has become a big business besides Legal Outsourcing of work.Globalization of finance and trade has been much more rapid than the globalization of labor which faces many hurdles.The spread of Internet and improvement in Communications has made this hurdle moot as many high cost services in India are being performed virtually over the Internet.However this arbitrage which has bought billions in profits to global corporations and rise of new companies such as Infosys,TCS and others is disappearing.Rising Wage Inflation in India caused by a multitude of factors including the Bernanke Money Printing has led to shrinking of the margins.
April 10, 2011
MT India is a short form of Medical Transcription in India .Medical Transcription is one of the fastest growing outsourcing services in the Health Industry and is being increasingly outsourced the the world's top off shoring destination India.Note this provides a win-win for both the parties as the medical services gain by lowering their costs through outsourcing of a basic rudimentary service at a much lower price while the outsourced destinations gain through increased employment and labor.There are a number of companies providing end to end medical outsourcing services in India.Note Medical Billing Companies in India are increasing at a rapid rate and growing in size as well.Though much smaller than their technology outsourcing cousins,Medical Transcription,Coding and Billing Companies in India alongwith Legal Outsourcing Companies are a very fast growing niche in in the Indian Outsourcing Industry.
April 6, 2011
Medical Billing Companies in India have grown tremendously like other outsourcing function in India such as Legal Outsourcing,IT Outsourcing etc.The growth in Communications and Internet has been the biggest enabler of the Cost Arbitrage between Developed Countries and India.The Globalization of Capital,Information and Trade has not been accompanied by a true Globalization of Labor.However the irrepressible force of capitalism searching for higher profits has made Medical Billing to India a big success leading to a win win relationship.Medical Transcription Companies in India are still quite small compared to their giant IT counterparts like Wipro,TCS etc.Most of these Medical Billing Companies will probably not achieve that scale either being eventually absorbed by the Biggies as they look to expand their Domain Expertise to Medical Companies.Here is a list of the major Medical Billing Companies in India
April 6, 2011
India is a talent-rich country. India has technological agility, quality, cost control, time-to-market and competitive advantage. India exports software to 95 countries around the world and is home to the biggest IT services companies globally in the form of Wipro,Infosys,TCS. India enjoys the confidence of global corporations with 82% of the US companies ranking India as their first choice for Outsourcing - Medical Transcription, , Call Center, Litigation Services, and Data Conversion & Data Capturing Services etc. India as of now stands out as a major outsourcing center with facilities available to handle both high end as well as low end services. Most Indian outsourcing service provider companies are quality certified with international certification like ISO-90001 and have resources to handle entire process lifecycle.Companies across the world outsource work to India to stay competitive.