Healthcare is among the largest and most profitable industries worldwide. Whilst the industry has advanced in terms of medical devices and product research, it still lags behind one vital function-Information Technology (IT). The major reason is, concentrating on a function like IT could lead to negligence in terms of providing efficient healthcare services, which could.
For more than a decade now, a buzzword around business circles has inspired hope and dread in equal measure. Outsourcing meant handing over certain business functions to a third party and job losses to the staff already working at the company. However, as the practice has continued to stabilize and grow, it has proved to.
A good argument for outsourcing in healthcare is that a healthcare provider’s core competency is diagnosing and treating patients. Therefore, outsourcing non-core tasks in a healthcare facility can go a long way in improving service quality and patient satisfaction. However, outsourcing comes with some risks. As such, it is a tough balancing act, and healthcare.
With the costs of providing healthcare on the rise, more and more hospitals are turning to outside sources for staffing. By hiring independent contractors or employing workers from third-party companies, hospitals can reduce overhead costs, increase operational flexibility and focus their own internal resources where they are needed most. In this article, we will look.