The segment of the local business process outsourcing industry that serves the healthcare sector is expected to grow sharply over the next four years on the back of strong demand from developed countries.
As such, the head of the Healthcare Information Management Outsourcing Association of the Philippines (HIMOAP) predicted that Philippine companies in this sector would report a threefold hike in combined revenues during the period. At present, there are about 25,000 Filipinos working in the healthcare outsourcing sector, generating revenue of almost $300 million in 2011. With a highly skilled, English-speaking workforce, good telecommunications infrastructure and a reasonable cost of doing business, the country’s healthcare outsourcing sector is expected to generate $433 million in revenue and employ 43,000 by the end of 2012.
Source: Philippine Daily Inquirer
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