CBay Systems Ltd, an NRI-promoted US-based healthcare business process outsourcing company, has opened a Health Insurance Portability and Accountability Act (HIPAA)-compliant data and process centre here.
It has also simultaneously announced the acquisition of a one-third stake in Arrendale Associates of North Carolina, which is both a technology and service provider in healthcare business process outsourcing and a partner of CBay for two years.
V Raman Kumar, chairman of CBay Systems, said these moves are aimed at putting CBay in place to grab a share of the HIPAA-compliance business.