Corporate Updates

Wipro Healthcare scouting for niche buys in US

Acquisition in the healthcare and life-sciences space for IT service providers seems to be the flavour of the season with another information technology major, Wipro, scouting for a niche player in the segment based out of the US. Sangita Singh, Senior Vice-President of Healthcare and Life sciences Strategic Business Unit of Wipro said that the IT major is “aggressively looking at inorganic growth, especially niche providers focused only on health and life-sciences and preferably in the analytics and mobility space.” She pointed out that the preference would be for a company that is located in the US but with a base in India. “We are scouting for companies that have an established book of business in the payer and provider segments, specifically in the revenue cycle management processes,” she said. The company also plans to hire about 200 more domain experts, especially those in the analytics and mobility space, by the year-end. She said with the US carrying out health insurance reforms, 30 million more people will have to be insured and hence this has thrown up a huge opportunity for insurance companies. Now, more than ever, healthcare organisations across the value chain are facing significant pressures in reducing cost of care. There is also increased focus on integrating the value chain to drive greater accountability through “meaningful use” of medical records. The advents of the more comprehensive ICD 10 medical coding standards, which will see large-scale IT modernisation projects, are also opening up significant discussions with clients.

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