The prices of healthcare in the US has been permanently going up in the past years, and based on several estimates by consultancy firms, the thing will go on. This has paved way the growing reception of outsourcing by a number of hospitals and healthcare providers throughout the country. Information technology, medical transcription, medical billing, and medical coding outsourcing have been growing as an answer to the need to minimize charges.
Increasing Prices of Healthcare
Towers Watsons (NYSE:TW), a consultancy firm from New York, on September 15, anticipated a growth of 8.2% in healthcare fees of employer for 2011. A senior health care expert with Towers Watson, Ron Fontanetta, said that "Employees today are adjusting to historically lower-than-average merit pay increases, while at the same time facing higher health care contributions, co pays and deductibles. This grouping could negatively affect many employees and intensify the growing affordability crisis."
In the meantime, a firm from Chicago, Hewitt Associates (NYSE:HEW), projects that it may be as much as 9%. The forecast is as high as 12.4% in Chicago. The number is the highest it has been for five years.
Hewitt's health care practice head 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 accredits to the mark up to an aging workforce, joined with the mounting up of technology prices as well as the health care reform act.
Charge And Outsourcing
There's surely no doubt that the fees for healthcare is growing and as an answer, the healthcare providers and hospitals are exerting effort to maximize revenue and lower down expenses in order to decrease the fees for consumers.
Such as Hendrick Medical Center, who, on September 7, authorized a managed service and recruitment process outsourcing contract with AMN Healthcare Services (NYSE:AHS). Ralph Henderson, AMN President for the Nursing and Allied divisions stated that the agreement would give rise to "lower bill rates and operational costs, reduced liability and mitigated insurance risks, and increased compliance with clinical standards."
Outsourcers in the period in-between are going up into the healthcare space in order to take lead of the prospect.
Like what Mary Anne Pace, the co-founder of Health Blue Prints said, "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 currently owned by NCO Group, who along with the possession also released a new end-to-end Healthcare Revenue Cycle Management (RCM) solution on the 13th of September.
Increasing Prices of Healthcare
Towers Watsons (NYSE:TW), a consultancy firm from New York, on September 15, anticipated a growth of 8.2% in healthcare fees of employer for 2011. A senior health care expert with Towers Watson, Ron Fontanetta, said that "Employees today are adjusting to historically lower-than-average merit pay increases, while at the same time facing higher health care contributions, co pays and deductibles. This grouping could negatively affect many employees and intensify the growing affordability crisis."
In the meantime, a firm from Chicago, Hewitt Associates (NYSE:HEW), projects that it may be as much as 9%. The forecast is as high as 12.4% in Chicago. The number is the highest it has been for five years.
Hewitt's health care practice head 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 accredits to the mark up to an aging workforce, joined with the mounting up of technology prices as well as the health care reform act.
Charge And Outsourcing
There's surely no doubt that the fees for healthcare is growing and as an answer, the healthcare providers and hospitals are exerting effort to maximize revenue and lower down expenses in order to decrease the fees for consumers.
Such as Hendrick Medical Center, who, on September 7, authorized a managed service and recruitment process outsourcing contract with AMN Healthcare Services (NYSE:AHS). Ralph Henderson, AMN President for the Nursing and Allied divisions stated that the agreement would give rise to "lower bill rates and operational costs, reduced liability and mitigated insurance risks, and increased compliance with clinical standards."
Outsourcers in the period in-between are going up into the healthcare space in order to take lead of the prospect.
Like what Mary Anne Pace, the co-founder of Health Blue Prints said, "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 currently owned by NCO Group, who along with the possession also released a new end-to-end Healthcare Revenue Cycle Management (RCM) solution on the 13th of September.
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