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Mirrus Systems inaugurates new R&D centre in Bangalore
By siliconindia
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Saturday, 14 June 2008, 18:09 IST |
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Bangalore: Mirrus Systems, a CBay Group company and a leading global patient financial services provider, has announced its plans to augment its India operations with the inauguration of its first India R&D centre in Bangalore. The new centre will focus on development and maintenance of Mirrus Systems technology platform for its patient financial services offerings.
Speaking on the inauguration of the new centre, Nanda Krish, President and CEO of Mirrus Systems 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 to1,000 by 2010. We are investing an initial amount of $1.5 M towards the Bangalore centre."
According to industry estimates, the potential market for revenue cycle management services is enormous. American healthcare spending now exceeds $2 trillion annually, and is projected to approach $4 trillion by 2015. This corroborates Mirrus Systems commitment to cater to this growing need for the healthcare receivables management.
"In today's consumer-focused U.S. healthcare market, it is critical for healthcare organizations to adopt an effective revenue cycle strategy that ensures strong financial results and enhances patient satisfaction. As a leading player in the patient financial services vertical, we are confident that our robust technology framework coupled with the strong analytics involved in developing innovative solutions at the new Mirrus Systems' R&D centre will play a significant role in addressing revenue cycle challenges that confront US hospitals today," Krish added.
