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U.S. co opens center in India
By agencies
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Monday, 27 February 2006, 20:30 IST
CHENNAI: Athenahealth, a U.S.-based company that provides online revenue cycle management services for medical practices, has opened a corporate innovation center in Chennai to enhance business process outsourcing capabilities through developing related software, according to Jonathan Bush, co-founder and Chief Executive Officer.
The company is looking to recruit 50 people, including 20 software developers and 20 analysts. The center is expected to add software development and process engineering positions, as well as take ownership of both the outsourcing relationship and underlying technologies.
At present the company has a contract with Perot Systems for over four years, with 300 employees working on converting insurance related documents into electronic form. The company will look to expand to about 500 people within a year, he said.
Bush said, About 95 percent of medical bills in the U.S. are paid either by the government or by insurance companies, so Athenahealth acts as a connecting link between insurance companies and physicians.
The company is catering to over 6,900 physicians, collecting $1.6 billion on behalf of its clients annually, out of a total collection of about $600 billion.