PLDT subsidiary sells medical transcription business

SPI Global, a wholly owned subsidiary of Philippine Long Distance Telephone Co., has sold its medical transcription business to Pennsylvania-based clinical documentation solutions provider Acusis Llc.

In an interview Friday, SPi Global president and chief executive Maulik Parekh said the move was part of the company’s overall strategy to focus on higher-value services.

“For the healthcare business, our strategy is to strengthen our foothold in higher-value services such as revenue cycle management, coding and compliance services,” he said in a text message.

The company will also be able to focus more on and boost its market position in the areas of customer relationship management and publishing.

In a company-issued statement, Parekh expressed confidence that Acusis would maintain the same high-quality service that SPi Global had been providing its clients in the medical transcription space.

He added that the Philippines provided a wealth of talent that Acusis could tap for its operations moving forward.

“I am confident that the tradition of excellence that the Philippines is known for will continue, leveraged on the quality of our technical talent and the significant potential for constant growth in the country’s medical transcription industry,” he said.

Acusis president and chief executive Ray Dyer said the company’s acquisition of SPi Global’s medical transcription business would allow it to further expand its customer base.

He said Acusis had no prior presence in the Philippines, and its purchase of SPi Global would enable it to make a big step toward better “utilizing a global resource network to meet demands for high-quality and secure transactions for the healthcare industry’s growing clientele.”

Dyer will take over SPi Global’s medical transcription business, including the 500 employees working in the country and in the United States.