In recent decades, many companies have adopted the maxim, “Do what you do best, and outsource the rest.” From the ability to focus on the core of their business to gaining outside expertise to boosting their quality of service, there are many reasons outsourcing may be appealing to an organization.
In recent decades, many companies have adopted the maxim, “Do what you do best, and outsource the rest.” From the ability to focus on the core of their business to gaining outside expertise to boosting their quality of service, there are many reasons outsourcing may be appealing to an organization.
The healthcare industry, however, has long been resistant to the idea of outsourcing parts of their operations, with a tendency toward believing healthcare is “different” than other industries. But healthcare is a business too, and we need to take a look at the numbers before rejecting outsourcing. By keeping everything in-house, organizations drive expenses up unnecessarily. Hospitals don’t need a whole team of people for everything.
With the forced advent of remote working during these past few months, healthcare organizations may be more open to outsourcing options. Furthermore, with the financial challenges many hospitals are facing, now is the time to pursue what for the healthcare industry may feel like an out-of-the-box solution, but has been embraced by many other industries as a viable and profitable way of doing business.
Benefits of outsourcing
Steps to make outsourcing work for your organization
Pamela J. Gallagher is a senior healthcare finance executive with 20 years of experience balancing the reality of finance with the delivery of excellent patient care. As a consultant she instills financial discipline, streamlines processes to maximize revenue, and reduces expenses for immediate improvements and long-term results.
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