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What are the advantages and disadvantages to outsourcing ROI (Release of Information) - Research Paper Example

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For many companies, release of information (ROI) is a considerably tough task in that it has to be regulated and controlled, despite the fact that hospitals and such other organizations of huge public concern are required to release their records in order to facilitate national…
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What are the advantages and disadvantages to outsourcing ROI (Release of Information)
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What are the advantages and disadvantages to outsourcing ROI (Release of Information)

Download file to see previous pages... This calls for a need to outsource the ROI activity so that things can be accomplished with minimal fuss. The potential advantages and disadvantages of outsourcing the ROI are as follows:
According to an estimate, Hospital Information Management (HIM) departments need to retain at least three workers on full-time basis and accommodate their pays, monthly privileges and educational expenses in the budget in order to adequately administer the ROI process. (Fournier, Coffey, and Bellenghi, 2008, p. 22). Outsourcing the responsibility for the ROI offers the owners’ room to minimize the expenses by saving the money that would have otherwise been consumed in purchasing the insurance, facilities and monthly privileges for the permanent HIM employees. Also, money spent on educating the employees through additional training is saved. Not only that, outsourcing the ROI services can be employed as a fundamental means to transfer the risks and all liabilities to the contractor accepting the responsibility. In addition to that, applications and requests are entertained timely with minimal inconvenience to the applicants as well as the staff. Furthermore, the information is released with increased responsibility and remaining within the limitations imposed by the owners which goes in favor of the owners.
Although usually outsourcing ROI bears more advantages than disadvantages, yet the disadvantages can be very severe once encountered. It is an established fact that no other company would take the responsibility as seriously as the owners themselves fundamentally because the contracting companies are concerned with their fee, and the owners’ reputation does not matter much to the irresponsible contractors. However, disadvantages are not commonly encountered unless the contracting company tends to maximize its profits by selling the owner’s secret reports and statistics to the spying agencies. ...Download file to see next pagesRead More
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