A CBay Group company Mirrus Systems recently announced the inauguration of its first India R&D centre here with an initial investment of US$ 1.5 million and also plans to ramp up its headcount to 1,000 by 2010. The new centre would focus on development and maintenance of Mirrus Systems technology platform for its patient financial services offerings, a company release said. Mirrus Systems President and CEO Nanda Krish said: “We have chosen Bangalore for our first phase of expansion in India. We plan to increase our headcount to over 300 by next year in anticipation of the increase in demand of our services across US hospitals.” This centre is at the core of our India growth strategy, as we plan to ramp up India headcount to 1,000 by 2010. We are investing an initial amount of US$ 1.5 million towards the Bangalore Centre”. According to industry estimates, the potential market for revenue cycle management services is enormous, the release said, adding American healthcare spending now exceeds US$ 2 trillion annually, and is projected to approach US$ 4 trillion by 2015.