Rising Healthcare Costs and Outsourcing | healthcare

The cost of healthcare in the US has been steadily increasing in the past few years, and according to some projections by consultancy firms, the trend will continue. This has lead to increasing acceptance of outsourcing by different hospitals and healthcare providers across the country. Information technology, medical transcription, medical billing, and medical coding outsourcing have been increasing in response to the need to reduce cost.Healthcare Costs On the RiseOn the 15th of September, New York based consultancy firm, Towers Watson (NYSE:TW), projected an 8.2% increase in employer health care costs for 2011. According to Ron Fontanetta, senior health care consultant with Towers Watson, “Employees today are adjusting to historically lower-than-average merit pay increases, while at the same time facing higher health care contributions, copays and deductibles. This combination could adversely affect many employees and intensify the growing affordability crisis.”Meanwhile, Chicago based company, Hewitt Associates (NYSE:HEW), estimates that it may be as much as 9%. In Chicago, the projection is as high as 12.4%. The figure is the highest it’s been in five years.In a statement by Hewitt’s health care practice leader Ken Sperling said, “Employers continue to struggle to balance the significant health care needs of an aging workforce with the economic realities of a difficult business environment.”The report attributes the increase to an aging workforce, coupled with increasing costs of technology as well as the health care reform act.Cost And OutsourcingThere’s certainly no doubt that the cost of healthcare is increasing and in response, healthcare providers and hospitals are struggling to maximize revenue while minimizing expenses in order to reduce the cost on consumers.One example is Hendrick Medical Center, who, on the 7th of September, signed a managed service and recruitment process outsourcing contract with AMN Healthcare Services (NYSE:AHS). Ralph Henderson, AMN President for the Nursing and Allied divisions, said that the contract would result in, “lower bill rates and operational costs, reduced liability and mitigated insurance risks, and increased compliance with clinical standards.”Outsourcers in the meantime are expanding into the healthcare space in order to take advantage of the opportunity.As MaryAnne Pace, co-founder of company, Health BluePrints stated, “Healthcare providers are looking for solutions to increase net cash, achieve revenue cycle performance improvement, enhance operational efficiency, and improve overall patient and physician satisfaction.” The company was recently acquired by NCO Group, who along with the acquisition also released a new end-to-end Healthcare Revenue Cycle Management (RCM) solution on the 13th of September.Another company moving into the healthcare space is Tricom India (NSE:TRICOM), who is currently acquiring US healthcare service provider GTESS Corporation. The news announced on the 14th of September came after Tricom India announced that it recently secured a five-year contract from a US-based healthcare firm for $10 million. Meanwhile, Conifer Health Solutions also announced an acquisition on the 28th of September. The company is acquiring MediHealth Outsourcing in order to strengthen its position in the healthcare outsourcing space.Healthcare NumbersAs the trend of rising healthcare continues, healthcare providers and hospitals are looking to reduce costs, and at this point one of the solutions they are turning to is outsourcing – an opportunity that outsourcers are gearing to take advantage of. Healthcare, just like any other business, has to worry about the numbers.

List Building For Online Business Success | online business

In the current struggling economy of job cuts, pay freezes and ever increasing taxes, more and more new online entrepreneurs are starting their own work-from-home online businesses to supplement their income. These digital entrepreneurs can then start their escape plan from confines of their traditional day job, as their online business grows and becomes more profitable. They can enjoy a new lifestyle, working for themselves, when they want and from where they want.But online business success is not a guarantee. Just because you have a website and some products and services to sell does not mean that the sales and money will come rolling in. The fundamental key for any online business success is to have a list of customers who have bought from you, will buy again or are interested in what you have to offer and will buy from you in the future. This list, normally made up of names and email addresses, is your business. If you have no customers, you have no business.List Building for Online Business Success Entrepreneurs who sell products and services online are often known as affiliates. Some affiliates have lists with tens of thousands of names. Others may only have a few thousand. The affiliate,s online business success comes from the influence that he or she has on that list, not necessarily the number of people on it. If you have influence on a list of 500 people, it can be more valuable than if you have a list of 10,000 to whom you have no influence.
Do the subscribers on your list listen to you?
Do they act on what you suggest?
Do they care when your email arrives in their inbox?
Do you provide them with value?
Online Business Success comes from building a relationship with your listConsider this. Would you listen to a radio station that just broadcast advertisements? Would watch a TV channel that just showed commercials or read a newspaper that was only made up of advertisements. It is doubtful that you would. In the same way, if you are sending out emails and you just bombard your subscribers with hard sell messages, you readers will soon get tired of them and tune out.But if you have built a relationship with your list by providing them with relevant and valuable information, they wil start to realise that you have interesting things to say that provide benefit to them. Building a relationship builds trust. So when you recommend a product or service that you think is good, they will respect your judgement, investigate, and maybe buy, the product for themselves.Starting your list buildingSo if online business success comes from list building, how do you get people on your list in the first place?There are a set step of rules:
You have to drive potential subscriber traffic to a web page that enables people to sumit their name and email address
You have to offer something of value in exchange for their name and email address
Once on your list, you have to continually provide value to your subscribers.
If you want online business success, your list building process needs to be based on giving away helpful and informative information in exchange for a an established relationship. Most customers require 7 to 12 exposures to your products and services before they are going to consider making a purchase.Building an online business does involve work and effort. But it is important to remember that it costs far more to get a new customer in terms of time effort and money that it will to make a sale to a customer that you have already earned trust and a relationship with. As long as you can build a steady list of customers who keep coming back to you and you continue to look after them, you will find online business success.

Online Backup Small Business Services – A Must | business services

The benefits of backing up business data online are many. Being able to access the data from anywhere is one important benefit of using an online back up service. Another important benefit of backing up data online is preventing loss through catastrophic events such as fire, earthquake, or suffering the more common catastrophic event, the brownout.Being able to offer a security package that allows businesses to protect key computers or the entire computer network is also an important benefit of a backup service provider. When data that has not been saved on via a backup service and is lost, it is gone forever.The quality of saved data is important as well. Choosing a backup service that helps to configure the backup process to fit the needs of the business is critical. Data that has been saved to a backup location should be accessible.The old method of storing data on tape is not only risky it is cumbersome to access. A backup service should provide a platform that enables the business to access data from any location or mobile device. The data should be accessible in a format that is immediately usable.There are risks involved if the method of backing up data is not closely mirrored to the business’s function. Choosing a service to backup data should begin with a question about how the security of the data is addressed. How the data is saved is another important aspect of backup services.Configuring saved data should involve more than just sending files to an online warehouse. There should be a structure provided by the backup service that allows the data to be saved in an approachable manner by modern technology. This can be addressed in questions about how the back up service monitors the data that is being safeguarded.A backup service company that provides a complete service package that begins with consulting with businesses to determine how data should be saved, assisting the business during the setup process, and then monitoring the data that is saved is invaluable. The three aspects of safeguarding data, consultation, setup and monitoring, allow the business the assurance that the data is not only safe but accessible in an instantly usable format.The importance of monitoring your data backups is one of the important steps that a good backup service performs to keep your data safe. Monitoring should include a constant vigil against outside threats such as hackers or viral corruption of data. Monitoring should also include a protection against data erosion, mechanical malfunction and internet security. A monitoring system should provide saved backup as changes to original data are made and saved on the business’s computer.When the recovery tool is needed it is critically important that the tool function in a seamless and rapid fashion. Online backup small business data service is a complete package that encompasses safety and security of important data by combining services that allow the business the convenience of data storage, recovery, and access.