The Logic of Outsourcing

In any service industry -- including medicine -- time is money. And lost time is lost money.

For the same reason that you might hire a housekeeper to do the laundry, prepare meals, and clean your home, you want to have someone else transcribing your work so that the flow of patient documentation (which can choke a private practice) moves smoothly and efficiently at all times. Today's technology makes it cheaper and much more sensible to outsource the work whenever possible. Consider these factors:

• Your personal earning capacity

• The risk of assigning tasks to the wrong people

• The hidden costs of managing people

Next: Your Personal Earning Capacity

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