October 16, 2011: People in US are more health conscious compared to any other from any other part of the world. Today, you can find many companies in the United States which are into health and welfare services for the people. And as a result outsourcing health and welfare services has also picked speed in the country. The number of companies which exclusively depend on offshore, near shore or onshore service providers has drastically increased in the current scenario.
Basically the health care reforms help the companies to increase the number of people that receives health care coverage and also improve the right to use health care specialists. It also helps to give more emphasis to the populace and also reduce the cost incurred in health care. And to benefit the citizens with such services, dependence on outsource service providers that are well advanced in such type of services is obvious.
Recently, survey conducted by one of the research institutes could find out that global market of business administration outsourcing is rapidly growing and has reached a rate of around 12.5 percent current year. This means that the overall business in the sector will cross the mark of $ 5 billion. Moreover the research institution also analyze that there is still huge scope available in the sector which will annually come around contract values worth $ 20 billion to $ 22 billion.
The force which might drive any company to depend on service providers is compliance and employee engagement. Moreover it is know that cost reduction is always there as a factor. Experts believe that health care reforms will change the face of organization and help them to easily meet the complexity in delivering plans to the employees.
Today the health and welfare business administration outsourcing is in boom because of many reasons out of which focus on cost management is the prior. As economic crisis is one of the major issues in the United States, companies are bound to find alternatives to reduce the cost incurred in carrying out the business. Moreover it has also become an inevitable requirement to focus on the changing behavior of the employees. To engage the workforce and to maintain a harmonious relation more investment and planning as well is required.
However, there is no doubt that in the coming year we could see more companies totally engaging in outsourcing health care services. This is because the companies have the confidence that they could meet the changing requirements in the health care reform by depending on the service providers.