Business process outsourcing (BPO) is narrowing of prime or complex business activities and functions to an expert third party provider to stay competitive in their core business. This is also known as Information Technology Enabled Services (ITES).
Practically every business is under continual pressure to produce high volumes of work and generate more revenue with their staff. By outsourcing, you can utilize your existing staff to manage the core business while maintaining outsourced team and projects, thus increasing the output of each existing staff.
Outsourcing to India
The outsourcing history of India is not likely to point out the exact time when Indian Outsourcing industry took birth. However, one can roughly trace the beginning of the same to the early 1990s, if not, the second half of the 1980s. BPO trailed the constant existence and growth of the IT industry that took form in the early 1980s.
India has made a valuable position for itself in the outsourcing world. 80% of European and American outsourcing firms ranked India as their top outsourcing destination, for basic work like data entry, typesetting, etc… and high level service like customer service, accounting, medical billing, research and development, etc… virtually every single level of knowledge work is done in the country. Also, with quick turnaround time (TAT) due to the advantages gained by time zone difference. The 12 hour time difference between India and America provides numerous opportunities for work to be completed earlier than expected. India is well-known for its technical and talent. It produces more English-speaking graduates every year than any other country in the world.
Outsourcing medical billing to India has become a common practice in the US healthcare industry. US Medical billing companies, hospitals, physicians and healthcare entities partner with offshore medical billing companies located across the world including India to streamline their customer’s medical billing and coding. Though several companies provide medical billing service, Companies in India has been the most sought after outsourcing destination for medical billing.
Outsourcing to offshore medical billing company in India provides various advantages including but not limited to:
-Optimal Time Difference
-No Language Barrier
-Cost Efficient and High-quality Output