PHL healthcare information roadshow generates $85.9 million in initial sales, investment leads

PARTICIPANTS in a US healthcare information management services (HIMS) roadshow generated $85.9 million worth of sales and investment leads, according to the Department of Trade and Industry (DTI).

In a statement on Monday, the DTI said that it secured $72.9 million worth of initial sales (including closed deals, contracts under negotiation, and sales leads), as well as $13 million in direct investment leads following trade and investment roadshows in Texas and New York.

The trade delegation also participated in the HIMS Society Global Conference and Exhibition 2023 in Chicago between April 17 and 21.

According to the DTI, the delegation showcased its capabilities in information technology (IT) and HIMS services for clients in the pharmaceutical, research and life sciences, health IT, provider and payor-centric process industries, for both voice and non-voice support.

Some of the Philippine officials joining the delegation were Trade Undersecretary Rafaelita M. Aldaba, Philippine Economic Zone Authority Director General Tereso O. Panga, and Healthcare Information Management Association of the Philippines President Vince Remo. 

 “The Philippines has proven, over time, its readiness and aggressive stance in exploring opportunities and collaboration to deliver quality healthcare information management services (HIMS) which gave birth to the flourishing HIMS sector,” Ms. Aldaba said.  

The delegation included companies such as ADEC Innovations, Advanced World Solutions, Inc., Connext Global Solutions, Carelon Global Solutions, Dynaquest Technology Services, HYBrain, Inspiro, JBW Managed Services Consulting, Medcode, Inc., and Medstar.

Other companies involved in the trade mission were Microsourcing, Pointwest Technologies Corp., Robinsons Land Corp., Office Symmetry, Teleperformance, Trends and Concepts, Visaya KPO, and Viventis Search Asia.

The DTI said the Philippine delegation met with US companies likes Geekdom, Tech Port San Antonio, VelocityTX, University of Texas Health, Bellevue Hospital, The Plaza Rehabilitation, Business World Chicago, and Connectory Chicago, and various business chambers in Texas, New York, and Illinois for business matching and networking.

“The HIMS sector continues to embrace automation and digital transformation with a strong focus on innovation. Adopting new technologies like artificial intelligence, the sector has been shifting to higher value services and improving customer experience,” Ms. Aldaba said.

“The sector is an excellent representation of the mutually reinforcing relationship between the US and the Philippines, and we are committed to elevating and advocating for the industry in terms of partnerships,” she added.  — Revin Mikhael D. Ochave