Outsourcing

Outsourcing Essay example
Masters
Essay
Nursing
Pages 8 (2008 words)
Download 0
Outsourcing in Healthcare Industry (Name) (Tutor’s Name) (Date) Outsourcing in Healthcare Industry Introduction Today many healthcare organizations recognize outsourcing as the best strategy to cut down their capital expenditure and to address challenges like labor shortage…

Introduction

In addition, rapid changes in technological advancements force the healthcare organizations pace with the latest changes. Outsourcing is a better way to minimize risk factors in terms of technology evaluation and result accuracy. Many healthcare professionals believe that the outsourcing approach in the healthcare sector would deliver quality services to beneficiaries and thereby improve patient safety. This paper will discuss several aspects of the outsourcing practice in healthcare industry and suggest best practices that can make outsourcing effort successful. Prevalence and Trends The practice of outsourcing is extremely prevalent in the healthcare industry and admittedly, this trend is growing dramatically. US healthcare system is the most expensive in the world. As Pear (2004) reports, the US’ healthcare spending accounts for nearly 15% of its GDP whereas most other developed nations spend only 7-10% of their GDP in healthcare. The increased healthcare expenditure forces the country to adopt low cost and efficient options like outsourcing in order to cut down its spending. An aging population in the US not only increases the demand for healthcare but also leads to a paucity of available experts. In addition, the medical transcription (MT) industry has undergone tremendous changes over the past few years. ...
Download paper
Not exactly what you need?

Related papers

outsourcing in healthcare facilities
For effective operation and achieving of the outsourcing objectives, healthcare facilities have to find reliable business associates who will offer cost-effective and quality services that meet patient expectations. Prevalence and trends of outsourcing in the healthcare industry The prevalence of outsourcing in the healthcare industry is low as compared to other industries though it is picking up…
Analysis of Management Theories
It stressed the importance of participatory management. The systems perspective has just arrived. It utilizes mathematical tools and scientific principles. Predominantly, it discusses emerging sciences such as Operations Research and Management Information Systems (MIS). In today’s environment, the Human Relations perspective finds more application and relevance. This is because, in a flat…
Specific Nosocomial Infections (UTI, Wound/Incision, Pneumonia, Sepsis)
Patient characteristics entail age, co-morbidities, severity of health status, and surgical and medical procedures. Hospital characteristics entail cross contamination, intensity of nursing care, and the extent to which the hospital adheres to the infection control program. Urinary tract infections, pneumonia, surgical wounds sepsis have been documented as the most common nosocomial infections and…
Cross-Cultural Perspectives
Currently, various global organizations control an extensive and developing share of the global technology, resources of marketing and profitable resources. Similarly, their initial thought for transforming to global companies may have been due to market expansion, to diversify, need for raw materials, technological advancement and production efficiency, prevent integration, prevent political…
organizational change part i
All stakeholders have to be involved in the change process for it to be effective. There are various types of change depending on which part of the organization needs to be changed. The most critical part of organizational change lies with the leaders. An organization’s leaders have to manage the change through planning, assessment and evaluation and have to ensure that every stakeholder in the…
health organization case study
The growth of the network may be attributed to dedicated workforce, excellent facilities, and a purposeful mission statement that drives towards providing high quality healthcare services that enhance people’s lives positively. Indeed, the network prides of having one of the largest hospitals in the US, the Banner Good Samaritan Hospital in Phoenix, Arizona, which also serves as the network’s…
THE COMMUNICATIONS DILEMMA
It involves an effective system in which employees can get the information they need (Smith & Mounter, 2008). Communication is an adhesive force that should hold an organization together. Without communication, an organization would be just a collection of disconnected employees working in different directions. Miami Memorial Hospital has a huge problem due to internal communication problems. The…