India one of the worthiest locations for QSI - CIOL Interviews

'India one of the worthiest locations for QSI'

Quality Systems Healthcare is planning to foray into the Indian helathcare sector with a huge expectation that the fast-growing market will offer a great opportunity for its business

Sainul Abudheen K

Friday, July 22, 2011

Steven T. Plochocki

BANGALORE, INDIA: Quality Systems Healthcare is planning to foray into the Indian helathcare sector with a huge expectation that the fast-growing market will offer a great opportunity for its business. In an interaction with CIOL, Steven T. Plochocki, CEO, QSI, talked about the company's growth plans in India as well as the country's healthcare sector.

Can you give a brief outline about your company and the kind of business are you into?

Steven T. Plochocki: QSI Healthcare (QSIH) Pvt. Ltd. is a wholly-owned subsidiary of Quality Systems, Inc. (QSI), USA, a provider of healthcare technology solutions to hospitals, doctors and other medical establishments. QSIH products and services include practice management systems, electronic health records, and revenue cycle management. The company offers technology solutions that will aid in the overhaul of the healthcare system by automating routine tasks, streamlining business operations, increasing patient access, improving the quality of patient care, and enabling physicians and dentists to return to practising medicine.

How important is the Indian market for QSIH?

India is a very crucial market for us, with globalization putting it high up on the pedestal of emerging markets that offer great opportunity for businesses. With its good talent pool, well-developed IT infrastructure, liberal policies and exponentially growing economy, India stands as one of the worthiest locations for expansion for any company.

Also, the Indian market is important for us when looking at the sheer growth potential. The country will also help our growth in other markets. We are here as a company open to learn and grow, and we are ready to explore any opportunities that would help in providing with better healthcare solutions to our clients.

How do you see the healthcare market developing in India?

Looking ahead, the Indian healthcare market is estimated to be worth $275.6 billion by 2020. Currently, 8 per cent of India’s GDP is spent on healthcare. According to the CII, India needs to spend at least $80 billion more in the next five years to meet targets. Obviously, we want to be part of that growth and we believe we have a great deal to offer.

What was the purpose behind establishing an India R&D center?

India has one of the world’s largest healthcare industries and is also one of the fastest growing economies in the world. It is uniquely positioned to offer immense contribution to the overall growth and success of the companies setting up business here.

The Indian economy also makes it a key market for companies looking for research and development or doing business here. Another primary reason for QSI to establish a unit here is the fact that the IT talent pool available here is second to none. This new unit will help us create a sustainable and long-term relationship with the country as well as other emerging economies.

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