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Outsourcing in The Healthcare Industry

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Outsourcing has dropped its anchor in many an industry today. It started with small time projects such as a telephone answering service or a garment manufacturing company but now there is no such industry which does not have at least one part of their operational functions outsourced to someone else who is probably better equipped to do it, is cheaper and can produce the same quality as an in-house team would have provided. There is tremendous competition too among the various outsourcing companies. The demand is high and more and more people are jumping in trying to do their bit to gain international exposure and benefit from the obvious financial outcome of dealing in foreign currency.

Outsourcing in the healthcare industry began as soon as people realized that there is so much that can be done especially with BPOs and call centers having proven that already. Healthcare industry has also chosen to adapt outsourcing in an attempt to reduce costs and possibly delivery time as well. Standards and service level agreements were brought in to ensure that quality of work that is so critical in healthcare is not compromised.

Some or the other form of outsourcing was always seen in hospitals and medical institutions. You had security and housekeeping and pest control services being run by external agencies. Some hospitals do not have a full time medical staff, but call in consultants and physicians running a private practice to help out when the necessity arises. For eg, a children’s hospital may not need a full time skin specialist on board. After all, how many children would come in with skin complaints everyday. However they just cannot do without a pediatrician. Healthcare services gradually realized that they could cut down on full time non-essential services and still retain the choice of calling for help when required.

Medical transcription and medical billing soon followed suit. As with any other reason for outsourcing, even in healthcare people figured out that some services did not require them to employ full time staff and that they could get the same job done in half the time paying half the money elsewhere. The latest in healthcare outsourcing is telemedicine. Specialist doctors in India and Israel are able to look at scans and X-rays through internet tools and advise other doctors or patients without both incurring any additional costs. Technology has advanced to such a level that you no longer need to physically visit a doctor or fly in a specialist to get treated, you can do it sitting at home.




 

Outsourcing Accounting Jobs News

Palm Beach County told to cut 900 jobs

Consultant bills outsourcing as way to cut costs Palm Beach County government could outsource or eliminate more than 900 jobs to save taxpayers $29 million a year, according to an efficiency consultant hired to find ways to cut spending.

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Palm Beach County balks at eliminating 900 jobs

Palm Beach County commissioners on Tuesday balked at outsourcing or otherwise eliminating 900 government jobs, as proposed by efficiency consultants. ( By Andy Reid / May 15 , 2012 )

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ACCA HOLDS FIRST EVER ASIA FINANCE SUMMIT ON SHARED SERVICES AND OUTSOURCING

- ACCA Malaysia signs MoU with MDeC to promote Malaysia as a destination ofchoice for finance & accounting shared service centre- Global research report on sourcing success launchedKUALA LUMPUR, May 15 (Bernama) -– The global body for professional accountants,ACCA, held its first Asia Finance Shared Services and Outsourcing Summit today,where it also entered into a collaboration with the ...

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Local BPO industry, fastest growing recruitment sector

Sri Lanka has been recognised as a niche centre of excellence for Finance and Accounting Outsourcing with the world's second largest pool of UK qualified accounting professionals, second only to the UK. This was revealed at an executive briefing breakfast session organised by SLASSCOM (Sri Lanka Association of Software and Services Companies), the IT-BPO and knowledge services industry chamber.

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WNS to establish deliver center in Richland County, create 300 jobs

WNS (Holdings) Ltd ., a provider of global business process outsourcing services, today said it will establish new operations in Richland County, the company’s first delivery center in North America.

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