Archive for outsourcing

Outsourcing and the 44 million dollar question?

Tuesday, January 31st, 2012

Have you heard this yet?

Bronx-Lebanon Hospital owes Alexis Rodriguez, and several hundred other patients, an apology.  It was just “a simple mistake,” of course.  But tell that to Alexis Rodriguez. 

Basically, the billing firm handling invoicing for Bronx-Lebanon Hospital made a data entry error that placed the invoice number in the “Amount Owed” field.  So several hundred patients received bills to the tune of eight digits!

Here’s a link to the full article: “You’re Better – and You Owe $44 Million.”

Now, don’t get me wrong.  I’m not faulting Bronx-Lebanon for outsourcing their billing.  We think outsourcing is one of the smartest things a hospital can do.

But here’s the thing:   The company they chose to trust with invoicing their patients fell short when it to came time to quality review.

And that, my friends, created a mess.

Outsourcing can be a risky business when you don’t hire the best.  Here are some tips to keep in mind if you’re considering outsourcing:

  1. Details, details, details:  In this case, this little faux pas happened because the company Bronx-Lebanon chose to use didn’t pay attention to the details.  It’s vital for a company to pay attention to little details that can make the difference between a job well done and an embarrassing mess. So when you’re considering outsourcing a job to a company, pay attention to little details like what kind of presence they have on social media or how they handle communications such as responses to your e-mails.  These little clues can give you insight into how they may handle your job.
  2. Pricing:  Outsourcing can’t be a matter of finding the lowest bid and running with it.  Who knows how much money Bronx-Lebanon has lost in cleaning up this snafu, but you can bet they’ve lost quite a bit in future earnings just based on a sullied reputation.  And errors like this aren’t the only possibility when you go with the lowest bidder.  Any time corners get cut or quality is sacrificed for price, you run the risk of looking bad, or possibly even running into legal trouble.
  3. Reputation:  You’ve got to be able to trust the company you’re working with to have the same quality standards as you and your facility.  A solid firm you’re going to hire needs to have a strong reputation you can trust.  A history of success you can research and rely on.  I wasn’t able to find much about the company Bronx-Lebanon used for their invoicing.  Maybe that says something.

I know from my own experience, outsourcing has its pros and cons.  So if you’re going to enjoy the benefits and steer clear of the potential hazards, you need to be able to settle on a company with the history and reputation to stand behind their work and keep your name out of the headlines.

Tell me, what guidelines do you follow when hiring a vendor? Any best practices you look for when outsourcing?  What do you do to pay attention to details?  Let me know in the comments.

Categories : News
Comments (0)

Lets Hire America First.

Monday, September 19th, 2011

About a year ago MAS wrote a blog post Forget Outsourcing, Try Rural Sourcing. MAS Agrees! about the value of “Rural Sourcing” and the need to keep jobs in the US instead of sending them overseas.

And today… jobs are still the big topic for all of us. In last week’s address to Congress and the country, President Obama laid out his plan for creating jobs. He stated the plan’s core goal: “The purpose of the American Jobs Act is simple: to put more people back to work and more money in the pockets of those who are working.”

The speech made me think of Linda McMahon’s quote on how jobs are created, “It’s very simple how you create jobs. An entrepreneur takes risk. He or she believes that they create a good or service that is sold for more than it costs to create it. If an entrepreneur thinks he can do that he creates a job.”

The heart and soul of the economy is small business. If you want to put Americans to work, it seems like a no brainer to begin with small businesses and entrepreneurs of America! We are standing ready to do whatever it takes to get the job done and start pumping some confidence back into the economy. Confident business owners hire.

Some companies may still have a need to send jobs overseas, but with the amount of people looking for work, MAS thinks it makes sense to hire people right here at home.

Small businesses can be creative in their hiring by focusing on their core expertise and outsourcing other job functions to entrepreneurs and consultants.

We use outsourcing to simplify things and be leaner and it’s been very effective for us.  We hire out in key fields like IT, Accounting/CFO and other services for pennies on the dollar–with better results. This lets us focus on  what we’re good at–is medical billing and collections.Trusting our expert consultants has paid off for us.

The biggest win of all is that it’s freed us up to hire people to build our core business and create more local jobs for Americans.

So how can outsourcing to experts help you streamline your business and help boost the economy at the same time?

Categories : News
Comments (4)