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When you think of the healthcare industry, you may picture doctors and nurses buzzing through hospital hallways, but thereu2019s a lot more to it than that. The back-office functions that keep the healthcare industry running 24/7 are a critical component to their success. Because many healthcare organizations donu2019t have the resources to keep all of those essential employees on staff, many have turned to outsourcing.<br><br>
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A 2019 market study shows that the global healthcare outsourcing market is projected to reach $449.6 billion at a 12.3 percent compound annual growth rate by 2023. The increasing need for minimizing critical mistakes, reducing operating costs and delivering better services will drive market growth.
1. BETTER HR SERVICES • Outsourcing HR services can help you manage your human resources administration and benefits assistance. • Your outsourced HR team can provide a better benefits package and health insurance at a reduced cost
2. EFFICIENT PAYROLL MANAGEMENT The cost of highly-skilled, full-time payroll staff can be exponentially higher than the cost of working with an outsourcing company. Outsourcing payroll management services can provide timely, accurate payments to your employees.
The global healthcare IT outsourcing market is forecast to reach $61.2 billion by 2023, according to a report by Transparency Market Research. 3. IT INTEGRATION
Patient experiences can be vastly improved across the board if you use outsourced staff, from check-in to diagnosis to recovery to discharge 4. BENEFITS OF OUTSOURCING IN HEALTHCARE