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March 19, 2007 HMC Partners met in an iConference to discuss when outsourcing at hospitals saves money and loses money, and whether monetary savings are the only consideration for outsourcing. Needham, MA March 19, 2007 -- HMC has conducted several analyses on the value of outsourcing and there are no conclusions that outsourcing always saves money or always costs more. Rather, it’s the intelligent use of outsourcing that improves hospital performance. Making an outsourcing decision solely based on cost is not likely to work well for hospitals.
Below is a summary of the analyses:
Reasons to Consider Outsourcing:
- Service is Not your Core Competency
- Trying Out New Technologies
- Lack of Internal Expertise
- Staffing Crunch
- Spread the Risk
Managing Outsourcing Intelligently:
- It’s Not All-or-Nothing
- Requires Oversight & Management
- Be Brutally Honest
HMC Partners may log in to HMCCentral.com to view the full explanation of each bullet point above.
About The Healthcare Management Council, Inc:
HMC is a hospital performance improvement company that helps its Partner facilities lower their costs and increase quality. HMC helps hospitals succeed in a highly competetive healthcare environment with its online cost and quality benchmarks and facilitated community of thousands of hospital staff that share ideas for lowering costs and increasing quality.
HMC Web site: www.HMC-Benchmarks.com
Download the HMC QuadrantOne BenchmarkTM brochure (PDF 1MB)
Contact: Shelley Burns at (262) 242-9471
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