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Philippine Healthcare Backend Support Firms Bag PHP4.5 Billion Contracts In United States Expo

The PHP4.5 billion secured at this exhibition marks a significant milestone for Philippine companies in healthcare.

Philippine Healthcare Backend Support Firms Bag PHP4.5 Billion Contracts In United States Expo

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Member companies of the Healthcare Information Management Association of the Philippines (HIMAP) secured USD79 million, or around PHP4.5 billion, worth of contracts during the recent Healthcare Information Management and Systems Society (HIMSS) Global Health Conference and Exhibition in Las Vegas.

In a statement Monday, Department of Trade and Industry (DTI) Secretary Ma. Cristina Roque said the Philippines remains an attractive destination for investment in backend support for the healthcare sector.

“The Philippines stands uniquely positioned to cater to the demands of the global healthcare information management sector. Our inherent ‘culture of care,’ deeply rooted in our societal values, translates to patient-centric services,” Roque said.

“Coupled with our established and robust business process outsourcing infrastructure and capabilities, we offer a seamless blend of technical proficiency and genuine empathy. This combination ensures not just efficient services, but also a human touch that is paramount in healthcare,” she added.

For her part, Export Marketing Bureau Director Bianca Pearl Sykimte said the country is poised to be a global leader in healthcare information management services (HIMS).

“The Philippines’ strong economic performance and recent policy reforms reflect our commitment to empowering our private sector by fostering a competitive and business-friendly environment to drive long-term and sustained economic growth,” Sykimte said.

“With policy-driven investment promotion strategies, coupled with workforce development and strategic export promotion initiatives, the Philippines is poised to (be) a global leader in key sectors, particularly in HIMS,” she added.

Filipino companies that attended the US expo which was held from March 3 to 7 include ADEC Innovations Healthcare, Inspiro, iReply Back Office Services, Inc., JBW Managed Services and Consulting, Office Symmetry, Pointwest Innovations Corporation, RCM Staff BPO, VISAYA, Wagmi Phil and Call Center Power, and WorldSource.

Healthcare Information Management Association of the Philippines board member John Dave Dueñas said the sector’s revenue in 2024 reached USD4.2 billion with 190,000 full-time employees.

“Our blend of technical expertise and cultural empathy positions the Philippines as the preferred destination for payer, provider, and life sciences outsourcing, ensuring world-class patient care and seamless healthcare operations,” Dueñas added. (PNA)