Studies have revealed that India is one of the most preferred outsourcing destinations among healthcare companies around the world. In the United States alone, more than 90% have sided India as their first choice for healthcare IT outsourcing. Other major economies such as Europe, United Kingdom and Canada share a similar opinion about Indian HIT capabilities. This blog identifies some of the factors which have helped India attract and become a superpower in healthcare IT outsourcing.
Flexible Pricing Options
The main reason why India remains a top HIT outsourcing destination is due to the significant cost savings. There is a wide gap between personnel costs in India and that of the developed countries and companies can leverage this factor to reap significant benefits. For instance, a full-time developer in the US can charge anywhere between $50 to $80 per hour depending on his skills and experience. In comparison, the hourly wage of a developer in India can be as low as $15. This pricing flexibility not only gives healthcare organizations the freedom to manage their budget, but also reap in huge profits.
Largest Pool of Technical Professionals in the World
India remains home to one of the biggest pool of skilled and talented IT workforce. The country adds more than three million graduates to its workforce each year and it also holds the distinction of being home to the largest English speaking population in the world – bigger even than the US and UK combined. In addition to the quantity, it is the quality of talent well-versed with US healthcare standards and regulations such as HIPAA, HL7, and Meaningful Use, that is attracting practices wishing to outsource.
High Quality Services Day-in and Day-out
Indian IT companies are second to none when it comes to providing quality IT services and this is the reason why they are rated highly by healthcare practices, the world over. This trend was even highlighted in one of National Outsourcing Association’s annual offshore outsourcing conference.
Best Infrastructure and Technological Capabilities
Modern day India is well-connected and offers state-of-the-art telecom, ISP, and cellular networks in every nook and corner of the country. All these capabilities allow companies to offer the latest and best in software technology, including customized solutions for various healthcare applications.
Stable Government that Offers Attractive IT Policies
For decades, India is governed by stable governments whose policies have always been pro-IT. In fact this sector is regarded as one of the top five priority industries in the country, and the government has taken incremental steps to make sure that the IT industry prospers by providing various tax-related benefits.
The 12-hour time difference between India and US has become a boon for Indian healthcare IT outsourcing companies. This is providing them with numerous opportunities to complete the work earlier than expected, leading to increased productivity, greater efficiency and more time to focus on other crucial tasks.
It’s because of these above mentioned factors that India has emerged as one of the most preferred HIT outsourcing destination in the world. Why not outsource your HIT requirements to India and leverage the benefits which only India can offer.