The healthcare outsourcing market is expanding rapidly worldwide, and the Philippines, with more than 200,000 remote professionals, is playing a key role in areas like clinical documentation, medical billing, and telehealth.
Supporting this growth is the ability to manage global payments efficiently, a gap that fintech company Payoneer helps fill.
The Philippines focuses on high-value knowledge industries, such as healthcare Information management services (HIMS). In 2024, the HIMS sector generated $4.2 billion in revenue, and analysts expect it to grow 9 percent annually through 2028.
“The Philippines is becoming a global health technology outsourcing powerhouse, thanks to its skilled workforce, strong compliance standards, and cost-effective operations,” said Monique Avila, senior director of customer success for Asia-Pacific at Payoneer.
Much of this demand comes from North America, which accounts for 75 percent to 80 percent of the Philippine healthcare information management services (HIMS). Globally, the medical billing outsourcing segment alone is projected to reach $30.2 billion by 2030, while the telehealth market is expected to hit $455 billion by 2030.
