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| LGS Global gets $2.8 mn from US AIDS bureau |
| BS Reporter / Chennai/ Hyderabad Dec 19, 2009, 00:57 IST |
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LGS Global Limited, a Hyderabad-based software development company, has been awarded a $2.8-million (approximately Rs 13.44 crore) grant for developing a Health Insurance Portability and Accountability Act (HIPAA)-compliant, web-based data entry and reporting platform, which is a nationwide initiative to enhance the quality of care to those suffering from HIV/AIDS.
The US department of health and human services — US HIV/AIDS Bureau — is the funding agency for the project, which will be implemented in urban centres across the US.
In a press release on Friday, Grasso, executive vice-president (healthcare) with LGS Global, said despite the benefits that advanced healthcare IT was delivering to many organisations, HIV/AIDS clinics around the world that treat the medically and economically disadvantaged possess technically-related requirements that are not fully met.
“Widespread implementation of electronics health records is recognised as a crucial step towards IT-enabled healthcare reform. Both hospitals and physician practices will need to invest in healthcare IT to achieve this goal,” he added.
The scrip of LGS Global plunged 0.45 per cent to end the trade at Rs 77.25 on the BSE on Friday, over the previous close of Rs 77.60.
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