Indian Healthcare Start-Ups Bag Million-Dollar Deal From U.S.
BANGALORE: With the Baby Boomer generation reaching their retirement ages, there is a great need to provide affordable healthcare to uninsured individuals in the U.S. With this in mind a new breed of Indian startups are stepping up the heat by bagging big contracts and utilizing the opportunity by helping the U.S. government embrace its massive overhaul of healthcare systems, reports Varun Sood of ET.
By this aggressive move from the small start-ups—based both out of the U.S. and India, they have also sidelined the bigger companies like Accenture, TCS and Infosys. Addionally, these startups are also forcing many of the leading outsourcers to invest assertively in the social, mobility, cloud and analytics space.
Arnab Gupta, founder and executive chairman of Opera Solutions said, "IT companies are recognizing the fact that better than compete against the likes of us, it makes sense to partner us as we are able to smartly deploy solutions."
The Indian based healthcare startups, including hCentive, Ebix and eClinicalWorks, which completely work in the health insurance space have bagged contracts worth more than $10 million and this move has posted a big threat to the legacy IT firms who continue to struggle to adapt to the changing technology world.
Ritesh Idnani, founder and CEO of a healthcare start-up Seamless Health said, "These startups may be just getting small-ticket deals for now but the competition is intense as they bid against leading IT firms."