COST-MANAGEMENT TECHNIQUES THAT CAN SAVE REAL MONEY IN HOSPITAL
pointer to succes: • Outsourcing Organizations that outsource are seeking to realize benefits or address the following issues:[11][12][13][14] • Cost savings — The lowering of the overall cost of the service to the business. This will involve reducing the scope, defining quality levels, re-pricing, re-negotiation, cost re-structuring. Access to lower cost economies through offshoring called "labor arbitrage" generated by the wage gap between industrialized and developing nations.[15] • Focus on Core Business — Resources (for example investment, people, infra structure) are focused on developing the core business. For example often organizations outsource their IT support to specialised IT services companies. • Cost restructuring — Operating leverage is a measure that compares fixed costs to variable costs. Outsourcing changes the balance of this ratio by offering a move from fixed to variable cost and also by making variable costs more predictable. • Improve quality — Achieve