“Our economic growth is not a fluke,” said Department of Trade and Industry Undersecretary Nora K. Terrado at a business forum held Monday. Feb. 26 at the Philippine Center, citing the country’s solid macroeconomic fundamentals, as the Philippines remains to be a bright spot in Asia.
In her presentation, Usec Terrado showed the consistent growth of the Philippine economy through the years and how it is one of Asia’s fastest-growing economies.
The forum is part of the 2018 HIMS (Healthcare Information Management Services) Roadshow with the theme “Unlocking Opportunities. Embracing Innovation” a collaborative project of the Department of Trade and Industry, Board of Investment, Economic Management Bureau, and the Healthcare Information Management Association of the Philippines (HIMAP).
Terrado, along with representatives of about a dozen companies from the Philippines, are in the United States for a roadshow to promote the country as a top tier destination for IT-BPM services, among others. This is a part of DTI’s efforts to promote the Philippines as an investment destination for healthcare information technology and business process management in key US markets.
DTI is helping to promote the Philippine HIM-BPM industry’s competitive advantages, strengths, and capabilities to leading HIMS-BPM investors, decision makers, delegates, and visitors that will participate in the upcoming HIMMS Exhibition, conferences and business meetings.
In welcoming resource speakers and guests at the forum, Consul General Theresa Dizon-De Vega reiterated the Philippine Government’s commitment to support efforts to promote the Philippine IT-BPM industry. “The Philippines offers high-value services, a young, innovative, and well-educated workforce, and a business-friendly environment for all potential investors and clients”, she emphasized in her remarks.
Other key presentations were made by HIMAP President Cristina Coronel who spoke on developments and innovations in the Philippine HIMS Sector while case study illustrations and testimonials were discussed by other HIMAP member companies.
The HIMS sector, as one of the leading industries in the country, has significantly provided employment opportunities to thousands of local nurses and to the growing BPM sector. In 2014, it had 86,000 full-time employees.
Coronel shared that in 2017, the healthcare and information management industry posted 2.7 billion in revenues and employed around 136,000 people.
Almost 75% of the US healthcare companies outsource their requirements to Asian countries. The Philippines, as one of the leading countries in Business Process Management (BPM) industry, aims to further strengthen its presence abroad and exploit the growing demand by attracting future investors and companies to invest in the Philippines.
An open forum moderated by Special Trade Representative Nicanor Bautista followed the presentations while a Networking Session capped the day’s activity.
The HIMS Roadshow includes promotion legs in Houston, Texas and ending up in Las Vegas, Nevada where the HIMSS 2018 global conference is set to happen from March 5 to 9.