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23 Aug 2003
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Summit on outsourcing in Bangalore

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Dear Friends,

Bangalore will play host to a summit on outsourcing, the Indian
chapter of the highly acclaimed 'Outsourcing World Summit Series',
focussing on India-sensitive issues for two days from October 15.

The summit, to be held for the first time in India, would be hosted
by the Software Technology Parks of India (STPI) and would bring
together international companies, Indian service providers, thought
leaders and legal experts and analysts.

The event would focus on India-sensitive topics such as selling
outsourcing offshore, brand and marketing presence and legal and
contractual issues, a statement by the summit organizers said.

'The 2003 India Outsourcing Summit' would see the presence of over
30 international delegates, many of whom would also be touring and
visiting organizations across India, it said.

The summit is produced by Michael F Corbett and Associates, a
leading authority on outsourcing and organizers of the Outsourcing
World Summit Conference Series, in association with Trade Fairs and
Conferences International (TFCI) and Fortune Custom Projects and
supported by Nasscom, the statement added.

Cheers!!!

Maj (Dr.) Amit Chatterjee, SM
Strategist / Founder ~ mailto:amit@...
MT India ~ www.mtindia.org
"The Community of MT Professionals"
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A comprehensive textbook for MTs:

"Medical Transcription Made Easy" by Alok Jha & Priyanka Arora
~ A Macmillan India Publication

for details, see:
http://www.mtindia.org/mtme.htm

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NEWS AND VIEWS :
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1) Interim Final Rule for Electronic Submission

On August 15, 2003, the Department of Health and Human Services
(HHS) published the Final Rule for Electronic Submission of
Medicare Claims. This rule implements the statutory requirement
found in the Administrative Simplification Compliance Act (ASCA).
ASCA requires (with a few exceptions) all claims sent to the
Medicare Program be submitted electronically starting October 16,
2003. ASCA was enacted by Congress to improve the administration
of the Medicare program by increasing efficiencies gained through
additional electronic claims submission. Although 86.1 percent of
Medicare claims are submitted electronically, the volume of paper
claims is substantial, and moving from paper to electronic
submissions has the potential for significant savings for Medicare
physicians, practitioners, suppliers, and other health care
providers, as well as for the program itself. This Rule sets forth
the details for implementation of the Medicare electronic claims
submission requirement and who may be exempt from these
requirements.

http://a257.g.akamaitech.net/7/257/2422/14mar20010800/edocket.acces
s.gpo.gov/2003/pdf/03-20955.pdf

2) MCH may outsource more work

If Medical Center Hospital decides to use an outside company to do
X-ray transcription work, it could be done with people who already
work for the hospital.

About two months ago, MCH started outsourcing some of its other
medical transcription to C-Bay Transcription when volume got heavy,
said Renee Henderson Earls, community relations director for the
hospital.

http://www.oaoa.com/news/nw081203d.htm

3) BSEL launches Rs 60-cr IT park in Navi Mumbai

BSEL Information Systems (BSEL) has launched a Rs 60-crore
technology park in Navi Mumbai. The park, a 13-storeyed structure
has a built-up area of three lakh square feet. The project has been
accorded clearance as an infrastructure project under the
Industrial Park Scheme.

The project is expected to be ready by June 2004. BSEL, a listed
company, is an exporter of IT services like data conversion,
medical transcription and GIS services. The company has received
bookings worth Rs 25.6 crore till date.

http://in.biz.yahoo.com/030821/103/27334.html

4) Godrej to invest Rs 40 cr in BPO

Consumer products major Godrej would invest more than Rs 40 crore
in the next 12 months in business process outsourcing (BPO) as part
of a major step towards diversification, a top company official
said on Wednesday.

The consumer products behemoth has entered the BPO arena quite
recently and has already invested close to Rs 20 crore in the
venture. "We identified the booming BPO business as a major area of
growth," Godrej said.

Listing out the areas under its BPO business, he said the company
was catering to tour and travel industry, medical transcription and
accounting firms.

http://economictimes.indiatimes.com/cms.dll/html/uncomp/articleshow
?msid=139548

5) Healthcare Industry Starts Building and Deploying Solutions Based
on New Microsoft Office System Platform

Microsoft Corp. announced that leading healthcare industry software
vendors, solution providers and organizations have developed a wide
range of solutions that take advantage of the 2003 release of the
Microsoft® Office System as a platform to increase productivity and
improve quality of care. These solutions automate paper-based
processes, streamline workflow and enable workers throughout the
healthcare industry to focus on what they do best: healthcare.

http://biz.yahoo.com/prnews/030821/sfth022_1.html

6) Radtke joins Grotech Capital Group

Joel Radtke has joined Grotech as a vice president. Radtke will
focus on investments in companies in the health care services and
medical device industries.

HealthScribe is a Sterling, Va.-based company that provides
outsourced medical transcription services over the Web. Grotech was
the lead investor in HealthScribe's $9 million initial round of
funding and participated in the company's $1 million expansion
round late last year.

In May, Hyman said the health care industry is ripe for outsourcing
business models and new operating technologies, especially those
that address back-office functions. The sheer breadth of the
industry and health care's role as the 800-pound gorilla in the
national economy makes the sector particularly promising for
investors and entrepreneurs.

http://baltimore.bizjournals.com/baltimore/stories/2003/08/11/daily
14.html
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Thank you for your interest in MT India!

The MTIndia Team
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