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Medical services - outsourcing vs. in-house by Sharad Gaikwad





Article Author Biography
Medical services - outsourcing vs. in-house by
Article Posted: 10/22/2010
Article Views: 65
Articles Written: 1527
Word Count: 371
Article Votes: 1
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Medical services - outsourcing vs. in-house


 
Health
The various reasons as to why Medical Services Outsourcing is preferred by many companies today are compelling. One of the main problems of having the facilities and infrastructure in-house is the man-power requirements. Recruitment, training, growth, attrition all these factors add a lot to the operating costs of the health-care facilities and hospitals. And also, the time factor too cannot be ignored. For doctors and medical experts to waste time on managing human resources can be a taxing job and can decrease their productivity when it comes to their core responsibilities and duties, something that no medical institution wants.

Now many of the medical institutions may have employees who have stayed loyal for years together. But there is no denying that they too can wish to leave should they feel like they cannot grow with your organization. Once a person leaves, finding a replacement is often difficult, time-consuming and expensive. And hiring a person who is in-experienced in the field can be the worst nightmare of any medical center. The errors that he or she may make can cost you a lot and seriously affect your reputation and even delay or worse cancel the payments owed to you.

Medical Services Outsourcing today is a growing practice internationally. Today, health care centers are growing and expanding rapidly, and thus the workload on the man-power keeps increasing. As such, medical services such as transcription, billing and coding are known to be the most tedious and time-consuming jobs in the medical field. Also, when the amount of workload becomes more than what your workforce can handle there are errors and this means serious problems.

Medical Services Outsourcing is often preferred as it involves a drastic reduction in the costs and also the documentation and paperwork that may be required. When services are carried out in-house the employee costs that you incur can be as high as seventy-five percent. And there is paperwork and management costs that you have to add to this. Also, you have to bear the costs of sick-leaves and vacations of your employees too. All these factors leave a little space for profits, whereas if you outsource these services, the cost factor is just about thirty percent.

Related Articles - Medical Services Outsourcing, Affordable Medical Transcription, Offshore Medical Transcription, Medical Coding Transcription, Medical Transcription,

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