Damo Consulting Publishes Key Findings On the Offshore IT Services Industry in Healthcare

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Analysis of Top 5 Global IT Services Companies Indicates a Very Diverse Landscape of Providers in One of the Hottest Markets for Outsourcing & Tech Spend

Damo Consulting, a leading consultancy for healthcare enterprises and technology firms, today announced key findings from an analysis of the earnings releases of the top 5 IT global IT services companies that are shaping the healthcare IT outsourcing landscape. Key to these trends is the diverse nature of revenue profiles, and a relatively undifferentiated portfolio of services.

“We wanted to focus on the immediate situation to get a quick snapshot that can provide directional insight.” said Paddy Padmanabhan, CEO of Damo Consulting, speaking from HIMSS 2016 at Las Vegas. “We decided not to do another “ranking” of service providers. We have chosen to provide some guidance on how to parse the numbers, and have left it to our audiences to come to their conclusions based on reported facts."

He added, “Perhaps the biggest question on our minds is: what makes a healthcare practice a healthcare practice?”
Below are key Damo Consulting findings:

  • Size matters: However, the overall revenue numbers are only a part of the picture. Size can be a critical factor for some buyers.
  • The composition of revenues from the healthcare practice in the sample varies widely: the variations are due to the representation of segments (for example, Life Sciences) or the offering type (for example, infrastructure support) in overall revenues. Unfortunately, segment level information is not available for the most part. But considering the qualitative remarks, one can draw some inferences.
  • M & A activity, such as Cognizant’s acquisition of Trizetto in 2014, and Wipro’s acquisition of Healthplan Services, announced in February, is driving the industry’s strategy for healthcare.

The complete report is available on http://www.damoconsulting.net.

About Damo Consulting
Damo Consulting is a Chicago-based management consulting firm focused on global sourcing advisory, analytics consulting, and digital content solutions for healthcare enterprises and technology providers. Representing some of the world’s largest healthcare and IT providers, the company has a proven track record helping clients reduce costs, improve operating performance and leverage innovative approaches to meet their business objectives.
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For more information, contact:
Sarah Pantoja at sarah(at)damoconsulting(dot)net
630-613-7200
Damo Consulting Inc.
http://www.damoconsulting.net

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