US health insurance provider wants to expand PH business
Anthem Inc., one of the largest health insurance providers in the United States, plans to expand its business process management operations and set up pharmaceutical research in the Philippines, the Department of Commerce and Health said. Industry over the weekend.
Commerce Secretary Ramon Lopez met with senior Anthem executives at a recent meeting in Washington, D.C.
Rajat Puri, chief operating officer of Anthem’s diversified business group, said the company was optimistic about the business environment in the country and the Philippines as an investment destination, given its commitment to diversity, inclusion and equity.
The company recognized the Philippines’ strong potential with its highly skilled nursing talent base, particularly in Iloilo City, where Anthem plans to expand its services. The company has offices in Fort Bonifacio and Iloilo with a combined workforce of over 8,000 people.
Lopez highlighted the advantages of the Philippines as an IT-BPM investment destination, citing reforms and other measures undertaken by the government to attract more foreign investors in various industries.
“With the Duterte administration’s continued push for major economic reforms, complemented by the country’s sound policies and systems in place, we are beginning to see growing interest in many new sectors such as those related to telecommunications, broadband, interconnectivity, satellite services and other digital infrastructure such as data centers for hyperscalers and corresponding renewable energy projects which are expected to serve as the power source for these projects,” said Lopez.
Lopez noted growing US investment in the country, particularly in green metal mineral processing, renewable energy storage systems and other digital infrastructure.
Commerce Undersecretary Ceferino Rodolfo, who also attended the meeting, outlined the incentives that await investors such as Anthem once it registers with the BOI at Level 1 of Strategic Services or Services. exports in the 2020 investment priority plan.
Rodolfo cited the recent approval of a large-scale telecommunications infrastructure project worth 155 billion pesos.
Lopez highlighted the contribution of infrastructure development in the countryside, boosting economic activities and more opportunities in the rural economy.
Anthem Inc. is one of the largest health insurance companies in the United States, with more than 98,000 employees and approximately 40 million members.
Anthem started its BPM operations in the Philippines in November 2018 with an investment of 950 million pesos and approximately 1,000 employees in its global in-house center under Legato Health Technologies Philippines Inc.