Health outsourcing: Three IIT graduates show the way
As per a report of the American Healthcare Association, the profitability of US hospitals dropped from 6.1per cent in 1996 to 2.8 per cent in 2004. Today, around 40 per cent of the US hospitals make losses. The only way hospitals and doctors could offer high quality services were by cutting costs and the most effective and easiest way to cut cost was outsourcing administrative work.
And here’s how a group of IIT graduates who had set up a shop in the city to provide medical billing services for US hospitalist physicians-have come a long way in addressing to end product requirements. Three IITians Gautam Naik, Rajeev Singh and Zahra Nazneen came together two years ago and have promoted the Net Android company in Pune which has Head quarters in USA.
And here’s how a group of IIT graduates who had set up a shop in the city to provide medical billing services for US hospitalist physicians-have come a long way in addressing to end product requirements. Three IITians Gautam Naik, Rajeev Singh and Zahra Nazneen came together two years ago and have promoted the Net Android company in Pune which has Head quarters in USA.
According to Gautam Naik, CEO of Net Android, companies like this did not waste time in grabbing the opportunity of medical billing outsourcing and then started the second phase of US healthcare outsourcing.
