Rising Healthcare Costs and Outsourcing | healthcare

The cost of healthcare in the US has been steadily increasing in the past few years, and according to some projections by consultancy firms, the trend will continue. This has lead to increasing acceptance of outsourcing by different hospitals and healthcare providers across the country. Information technology, medical transcription, medical billing, and medical coding outsourcing have been increasing in response to the need to reduce cost.Healthcare Costs On the RiseOn the 15th of September, New York based consultancy firm, Towers Watson (NYSE:TW), projected an 8.2% increase in employer health care costs for 2011. According to Ron Fontanetta, senior health care consultant with Towers Watson, “Employees today are adjusting to historically lower-than-average merit pay increases, while at the same time facing higher health care contributions, copays and deductibles. This combination could adversely affect many employees and intensify the growing affordability crisis.”Meanwhile, Chicago based company, Hewitt Associates (NYSE:HEW), estimates that it may be as much as 9%. In Chicago, the projection is as high as 12.4%. The figure is the highest it’s been in five years.In a statement by Hewitt’s health care practice leader 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 attributes the increase to an aging workforce, coupled with increasing costs of technology as well as the health care reform act.Cost And OutsourcingThere’s certainly no doubt that the cost of healthcare is increasing and in response, healthcare providers and hospitals are struggling to maximize revenue while minimizing expenses in order to reduce the cost on consumers.One example is Hendrick Medical Center, who, on the 7th of September, signed a managed service and recruitment process outsourcing contract with AMN Healthcare Services (NYSE:AHS). Ralph Henderson, AMN President for the Nursing and Allied divisions, said that the contract would result in, “lower bill rates and operational costs, reduced liability and mitigated insurance risks, and increased compliance with clinical standards.”Outsourcers in the meantime are expanding into the healthcare space in order to take advantage of the opportunity.As MaryAnne Pace, co-founder of company, Health BluePrints stated, “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 recently acquired by NCO Group, who along with the acquisition also released a new end-to-end Healthcare Revenue Cycle Management (RCM) solution on the 13th of September.Another company moving into the healthcare space is Tricom India (NSE:TRICOM), who is currently acquiring US healthcare service provider GTESS Corporation. The news announced on the 14th of September came after Tricom India announced that it recently secured a five-year contract from a US-based healthcare firm for $10 million. Meanwhile, Conifer Health Solutions also announced an acquisition on the 28th of September. The company is acquiring MediHealth Outsourcing in order to strengthen its position in the healthcare outsourcing space.Healthcare NumbersAs the trend of rising healthcare continues, healthcare providers and hospitals are looking to reduce costs, and at this point one of the solutions they are turning to is outsourcing – an opportunity that outsourcers are gearing to take advantage of. Healthcare, just like any other business, has to worry about the numbers.

Online Degrees in Education | Education

Education is very extensive field and provides you several diverse opportunities. Degree holders or teachers can concentrate on early, middle or secondary students. They can also work in administrative positions. Professionals can also specialize in designing teaching material, adult education or they can also get training as an administrative specialist such as principal or vice principal.Goals of Earning Online Degrees in EducationTeaching is considered as very easy going profession. But if you really want to become a good teacher you must have multiple skill and expertise like ability of handling students, strong communication skills and talent to convince, motivate and train. After earning any online degree in education from top accredited online university or college you will be able to train students to resolve the problems. If you start your career as elementary teacher you will teach all subjects of basic level. But on secondary level you will teach subjects of your area of specialization. Higher level online degrees in education enable you for higher education positions such as community colleges, vocational schools and universities.Online Degrees in EducationSeveral online degrees from associates to doctorate levels are available. Many top accredited online universities and top accredited online colleges offer online degrees in education. Following are the online degrees available.o Associates Degree in Education
o Bachelors Degree in Education
o Masters Degree in Education
o Ph.D. Education Degree
o Degree in Early Childhood Education
o Master Degree in Education AdministrationOnline Associates in EducationOnline Associates Degree in Education is ideal for working individual to make a career move. It is very beneficial because it is very focused and practical without vast time obligation of bachelor’s degree. You will focus on a general education courses that include sciences, social sciences, arts and humanities. After earning associates level degree your potential career paths incorporate teaching in a Head Start program, Elementary school Para professional and teacher assistant. Associates degree is considered as initial level online degree in education.Online Bachelors Degree in EducationOnline Bachelors Degree in Education provides you option to become certified K-6 Teacher. You will get thorough knowledge of K-6 elementary teacher certification, advanced educational studies, human recourse development, corporate training and higher education. You can select any specific subject of your interest. You will be able to help young students to develop skills and acquiring knowledge. After earning online bachelors you can work as elementary/high school teacher, counselor, course developer, researcher and college professor.Online Masters Degree in EducationOnline Masters in education enables you to join better paying administrative jobs. Masters degree gives you the chance to become certified professional after bachelor. MAT or MIT and M.Ed. are the common master degrees available in education. You can continue to work as teacher or choose to work as principal or assistant principal. This degree provides opportunity to professionals to earn degree with job. You can earn this online degree in education to advance your career. Following are some master’s concentrations availableo Administration and supervision
o Adult education
o Distance learning
o Special education
o Curriculum and technologyOnline Ph.D. Education DegreeOnline Ph.D. degree is the highest level online degree in education. It is suitable for passionate professional wishes to gain higher grade job. It is basically for individuals already had teaching experience. After earning online masters degree you can teach as professor at university. You will also able to conduct research and apply what you learnt. You can specialize in elementary and secondary education, special education, adult education and higher education.Online Degree in Early Childhood EducationOnline degree in early childhood education is also an important online degree in education. After earning this degree you will be able to work with children below the typical school age between 3 and 5. Course work includes child psychology, parenting and early learning strategies.Professional finds job in elementary or pre-schools. Early Childhood Education professionals effectively train young children during critical time in which formative learning, skill building and social growth takes place. Children who gain proper training at this stage of life can effectively find their way through the academic and social rigors that every student will have to face later in life. That’s why schools, families and government spend considerable money on early childhood education.Online Master in Education AdministrationOnline Master in Education Administration is a unique online degree in education. It is designed for education professionals who have keen interest in administration issues. Course work includes education finance, school law, duties of principal, community relation and supervision of personnel. Degree needs internship experiences in school administration at administrative and principal level. Plenty of jobs are available in educational administration. Educational administrators can work on variety of jobs ranging from day care administrator to college president or school principal. Administrators have good communication skills and able to prepare budgets, supervise student’s progress, manage everyday operations, fund raise, designing policies and standards and command institute to maintain the state and national standards.

Outsourcing Companies Bet On Healthcare Despite Security Concerns | healthcare

If it’s not about healthcare reform, it’s about information technology. Whichever the case, both indicate that healthcare outsourcing is expected to garner a lot of business this year – and healthcare outsourcing providers such as medical coding or medical billing companies know it.Taking into account recent results released by Indian software provider Tata Consultancy Services (NSE:TCS), the company took note that in its last quarter ending December 31st 2010, one of its key wins was a multi-million dollar, multi-year strategic partnership with a healthcare company to provide knowledge process outsourcing (KPO) services in clinical development.Meanwhile, fellow outsourcer and IT solutions provider HCL Technologies (NSE:HCLTECH), who reported quarterly results on the 19th of January, announced strong growth in its healthcare vertical at 7.4%, on top of its better than expected results for the quarter.In terms of the healthcare reform, human resources and recruitment services provider Pinstripe, Inc. has revamped its leadership team with the appointment of Michael Soisson to Healthcare Practice Leader. According to the release dated 18th of January, the appointment will, “drive and promote innovative talent acquisition approaches for meeting the workforce demands being shaped by healthcare reform.”Xerox Corporation (NYSE:XRX) on the other hand is maximizing its solutions with its acquisition of company, WaterWare Internet Services announced on the 31st of January. Waterware is a provider of web application and software development, integration and customization. The acquisition improves on Xerox’s existing Enterprise Content Management (ECM) platform, allowing the company to provide electronic health record capturing and management, as well as pharmacy orders automation, maximizing on the electronic health records trend.Fellow outsourcers Vengroff, Williams and Associates also announced an expansion of its healthcare practice specifically in its revenue cycle management solutions. The release quotes research by Healthcare Finance News, which cited that, “the major complaint among hospital CEO’s and private medical practices lies in the inefficiency of the billing system.” The company has in turn improved on its revenue cycle management services to address this issue.But while more and more companies are focusing and revamping healthcare outsourcing efforts, a survey just recently released by Ponemon Institute as sponsored by data integration company, Informatica (NASDAQ:INFA) on the 1st of February revealed that more than half of healthcare companies do not protect patient data. The survey of healthcare IT professionals found that confidential patient records are not adequately protected from theft or loss, with most at 51% not protecting their data. The research further added that the conception is that outsourcing and cloud computing are increasing the security risk to confidential data, wherein 40% of healthcare organizations would not choose to outsource specifically due to security risks.Even with the current uptick in business in healthcare outsourcing, old concerns specifically issues on security have remained in the industry. Considering that more than half from the survey are not seeing outsourcing as an option specifically due to security concerns in a time when we are seeing increasing adoption of outsourcing in healthcare suggests that the current growth seen is merely a fraction of the true potential that the healthcare industry presents. The challenge now lies in overcoming the issue on security in order to secure higher growth.