NEWS
Connectyx Technologies Announces Signed Contract With CallCenterTeam.com to Generate Estimated Revenues of $3 Million
Date : 09/10/2012 @ 7:00PM
Source : MarketWire
Stock : Connectyx Technologies Holdings Group, Inc." (PC) (CTYX)
Quote : 0.0052 0.0011 (26.83%) @ 5:07PM
Connectyx Technologies Holdings Group, Inc. (PINKSHEETS: CTYX) announces launch of new line of products and services in the Healthcare Business Process Outsourcing (BPO) industry.
Kenneth Schwartz, CEO of CallCenterTeam.com, said, "We believe that with our existing BPO relationships and the new opportunities that will result due to healthcare reform, Connectyx and CallCenterTeam anticipates delivering by the end of calendar year 2013 a minimum of $3 million or revenue in Health Care BPO estimated revenues." Mr. Schwartz is a Senior CRM/BPO New Business Development & Sales executive having an extensive background in on-shore, near-shore and off-shore contact center services, Healthcare Payer, Healthcare Solutions, Life Sciences, Pharmaceuticals and Strategic Business Process Outsourcing (BPO) with a proven track record of success for over 20 years.
Ronn Schuman, CEO of Connectyx Technologies Holdings Group, Inc., said, "The Company is aggressively focused on the market in Healthcare BPO as the growth rate in this market sector is 20% annually generating billions of dollars in revenues. The Company has already signed contracts and will offer Document Management Services, Disease Management Services, Medical Transcription, and Revenue Cycle Management. These services, coupled with our existing call cloud and call center health and wellness product(s) and our substantial healthcare consultant expertise, will enable the Company to generate a high rate of revenue growth." Mr. Schuman continued, "The Company will capitalize on the numerous opportunities offered from off-shore BPO companies anxious to establish a corporate footprint in the US."
Mr. Schuman concluded, "The Company will continue to market and promote its health and wellness MedFlash product(s), but we believe that timing is excellent for the re-deployment of our original core competencies that are the foundation of Connectyx. More importantly, there is a significant opportunity for healthcare BPO growth as global software and outsourcing firms are projecting deals worth $10 billion to $16 billion in this space due to various regulatory policies and healthcare reforms adopted by the US government. As an Information Technology (IT) vendor ourselves, we fully expect IT vendors in the exploding healthcare BPO industry to win 50% of these market opportunities by 2015."
According to research firm Nelson Hall/Technology Holdings, the US healthcare market is estimated to reach $4.6 trillion by 2020 from 2011 spending of $2.5 trillion and this provides an outsourcing opportunity of close to $22.5 billion by 2015 from the 2011 level of $14.5 billion. The US healthcare industry has undergone major changes in the past two years due to regulatory reforms, government policies and technology developments. The Patient Protection and Affordable Care Act which was signed into law in March 2010 are expected to expand access to healthcare to more than 30 million US citizens. In addition, the new regulations force the major companies in the industry to comply with rigorous and expensive auditing and reporting requirements, HIPAA standards, complex rules for Medicare and Medicaid and adoption of more information technology.
Connectyx and its partners plan to advise and assist US healthcare companies with implementing technology, upgrading systems and software and lowering administrative costs through outsourcing to low cost destinations near-shore and off-shore. A multi-shore delivery model is necessary with an onshore presence and is a must due to the regulatory requirements for sensitive patient data and to further strengthen Connectyx offerings in the healthcare arena. Off-shore and near-shore companies are further strengthening their onshore presence by recruiting local resources in the USA and also looking to invest and or acquire small and niche players in the healthcare arena so that they may acquire technologies, skilled professionals and clients.
