• 1-(800) 510-9053
  • 1-(415) 259-6503

Insurance Business Process Outsourcing – A Lot More Than A Downsizing Utility

In most cases, when insurance business process outsourcing plans are being finalized, businesses usually face resistance from organizational members. And that’s not all that surprising because the general perception surrounding insurance process outsourcing is that it is nothing more than an effective downsizing utility. It appears that a few businesses in the past, have failed to understand the real purpose and importance of insurance business process outsourcing. Since most of these businesses chose to use insurance process outsourcing as more of a downsizing utility, perceptions regarding the same have turned out to be mostly negative.

Medical_and_Dental_1005

The scope and applicability of insurance business process outsourcing is vast

This becomes evident when we look at results and benefits achieved by the majority of businesses that have chosen insurance business process outsourcing. Cost savings, increased customer satisfaction, and improved efficiency and accuracy are some of the prominent benefits that are now readily available through insurance business process outsourcing. The best part is that businesses do not have to work hard to achieve such high-end business goals and objectives. All that is expected from businesses is that they select the right insurance business process outsourcing provider and negotiate favorable terms and conditions for the proposed outsourcing contract.

It may be true that insurance process outsourcing has inherent potential for being used as a downsizing utility, but it would be better if businesses do not follow that narrow line of thought. Businesses should always focus more on growth and since growth usually requires hiring human resources and not downsizing, insurance process outsourcing projects need to be based on the same conceptual framework. If that is not done, businesses are likely to get stuck with the downsizing aspects, something that will make it difficult for them to unlock the full potential of insurance process outsourcing.

Read More Articles ..



Related Posts

  • 78
    Insurance Business Process Outsourcing - The Double-Digit Success Story In relative terms, the insurance business process outsourcing industry has always lagged behind other dominant players such as the call center services outsourcing industry and the telemarketing services outsourcing industry. However, if recent trends are any indication, it appears that the…
    Tags: outsourcing, process, insurance, business
  • 65
    Insurance Process Outsourcing: Customer Satisfaction Made Easy With thousands of customers requiring urgent help and support on a daily basis, achieving and sustaining desired customer satisfaction levels has become quite difficult for insurance companies and their TPAs. An inhouse customer support unit can certainly help, but since it can also…
    Tags: insurance, process, outsourcing
  • 62
    Outsourcing Newsletter: December 2008 sharing news, trends, opinions and insights OUTSOURCING SERVICES SPOTLIGHT Analyzing Help Desk Outsourcing Trends After medical transcription, the second position would probably go to help desk outsourcing, if the task were to make a chronological list of business domains that were added from the time the…
    Tags: outsourcing, business
  • 50
    The term 'outsourcing' is structured around the concept of transferring the ownership of a business process to a supplier. The term is distinct from usual business relationships wherein the buyer keeps control of the processes and merely controls the way the supplier completes the work. Once an organization out sources…
    Tags: outsourcing, business, process
  • 44
    Creating Measurable And Actionable Metrics Unlocking-The-Full-Potential-Of-Offshore-Outsourcing-Contracts Quality-Assurance-In-BPO Offshore-Call-Center-Services-Analyzing-Best-Practices Outsourcing Fundamentals – How To Get It Done Business Process Outsourcing - Advantages Finance and Accounting Outsourcing Services Business Process Restructuring – An Overview of Applied Processes and Methodologies Electronic Risk Management Web Promotion in Travel Industry Choosing The Right Business Service…
    Tags: outsourcing, business, process
  • 40
    January 10th, 2017 Fairfield, CA – Over the past decade Telegenisys has verified the correctness of over a ten million pages of healthcare records to ensure that the specialists employed by clients have exactly the right information on hand to properly handle each case. This has been achieved under revised…
    Tags: business, outsourcing, process
  • 38
    Customer Service Outsourcing: Aids Customer Retention Programs And Policies Due to rising competition, businesses are now spending more time and effort on designing and implementing customer retention programs and policies. Customer services are usually a part of such programs, something that makes it necessary for businesses to ensure that quality…
    Tags: outsourcing, businesses
  • 38
    With recessionary forces crippling most of the major world economies, ensuring the survival of both large and small businesses now poses a big challenge for industry captains and political leaders alike. However, businesses need not lose hope because there are still plenty of options to choose from and also effective…
    Tags: outsourcing, businesses
  • 38
        Outsourcing Newsletter: January 2009 sharing news, trends, opinions and insights OUTSOURCING SERVICES SPOTLIGHT Technical Support Services Outsourcing Is Still The Right Choice Due to prevailing recessionary trends, critics are working overtime to spell doom for fast growing businesses such as technical support services outsourcing... When Telemarketing Services Outsourcing…
    Tags: outsourcing
  • 36
    Failing to fully meet the regulation can be the difference between success and failure for ruthlessly competitive financial sector. Regulatory compliance is being enforced more strictly than ever before as regulators seek to minimize risks to both customer and stakeholder funds and assets. This tougher regulatory environment has called for…
    Tags: outsourcing, process, business, businesses
  • c-icon

  • iso-9001-logo-small

  • iso-27001-logo-small

  • c-icon4

Telegenisys Inc. © Copyright 1999-2017 All Rights Reserved             Privacy Policy  |  Site Map