IDS Infotech Limited and Argus Medical Management LLC, USA have started a Joint Venture to expand in USA healthcare market.
The pioneers of IT and IT enabled services in the region, IDS Infotech Limited, has entered into a joint venture with US-based Argus Medical Management LLC to expand its reach in the US healthcare market.
IDS-Argus the first company in India to be able to provide a full range of Physician Practice Management services to the healthcare market in US.
IDS and Argus have been delivering physician billing services to the healthcare market in US since 2005, and the joint venture will provide better market access to the healthcare industry in the US, said Partap K Aggarwal, Managing Director, IDS, and is a result of IDS’s vertical-focused growth strategy.
Robert Boullon, CEO for Argus, said that the US healthcare provider BPO market is valued at US$ 5.2 billion in 2011 and is growing at a 14% CAGR to reach an annual market value of nearly US$9 billion by 2015. Besides, the US Administration is committed to delivering universal healthcare access which will add nearly 30 million citizens to the healthcare system by 2018.
IDS Argus has employed about 100 full-time specialists for this new venture at their campus in Chandigarh and Noida. This JV has a potential to create hundreds of jobs over the next several years of healthcare reform.