Mid-size IT company HTC Global Services plans to focus on the healthcare segment in India targeting large hospitals, backed by its latest acquisition CareTech Solutions. The company would be offering services including telemedicine on a shared services basis.
Last December, HTC acquired CareTech, which is an IT products and services provider for US hospitals and healthcare systems. While both companies are headquartered in Troy, Michigan, HTC is promoted by Indians and has a majority of its operations in the country. CareTech has over 1,200 employees and will continue to operate as an independent entity within HTC. Since last year, HTC has been expanding its focus in India by targeting verticals including banking, financial services and healthcare.
The Indian healthcare system like similar needs like that of the US system and hence the company is optimistic of its ventures here, said Shami Khorana, executive vice-president – business strategy, HTC. The idea is to leverage the common competencies of both the companies and expand in the Indian market, he added.
They are also developing a telemedicine platform that would help hospitals to improve reach and reduce costs. HTC also has capabilities to help multiple hospitals use the company’s telemedicine IT framework in a shared-services model. While the operations will be handled by the individual hospitals/doctors, the company will run the IT infrastructure on a hosted model. The company may look at different pricing models for India and the US to keep up margins, Khorana said.