Move to repeal Obamacare impacts Indian startups
With the Republican party planning to repeal and replace the US Affordable Health Act (popularly known as Obamacare), it is not just IT majors and pharma companies, but also smaller cloud-based startups and the virtual medical scribe industry in India that are facing a lot of uncertainty.
Some are already seeing an adverse impact. "We are seeing a definite slowdown in business this quarter. It's mostly because of the uncertainty. Clinics, physicians would like to wait and watch, see how the regulations pan out, before signing up (new contracts)," said Harsneh Preet, chief compliance officer in IDS Infotech, a Chandigarh-based company that does medical scribing and maintains electronic health records (EHR) and which two years ago won a $1-million contract from US-based Augmedix.
US president Donald Trump's protectionist rhetoric is also worrying these ventures, who think hospitals might become wary of offshoring.
Read More
