The growing attractiveness of the Indian market has also diversified to the medical sector as many of the US companies are planning to outsource their offshore their employee healthcare to India.
Due to the fact that the healthcare is pretty expensive in the US; and that the companies can save to about 90 percent on the expenditure cost by outsourcing; India is proving to be an irresistible option for the companies including those in the fortune 500 List. The cost advantage for the companies can range from 85 percent to 90 percent. The main reason which had led to the controversies to the idea of outsourcing healthcare is the fact that the healthcare requires a degree of intimacy with the patient is not possible by outsourcing it.
Dr Naresh Trehan , Escorts Heart Institute and Research Centre stated:
We have patients coming from there on a regular basis so far mainly those who are uninsured if you say the trend, I think it’s three times today than what it was two years ago.
It is expected that Indian health care industry can reach $47 billion in the next five years and if it undertakes outsourcing then the figures can double. The Indian healthcare industry surely has a bright future ahead.
Via: ibnlive
