outsource


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outsource

verb To assign specific work to a 3rd party for a specific length of time at a set price and service level.

Managed care
verb To use outside labour to perform functions—billing and collections, accounting, janitorial services, ER coverage, and others—which could be performed by in-house personnel but would be at a higher price and/or less efficient.

outsource

verb To assign specific work to a 3rd party for a specific length of time at an set price and service level Managed care To use outside labor to perform functions–billing and collections, accounting, janitorial services, ER coverage and others–which could be performed at a higher price and/or less efficiently by in-house personnel. See Manager.

outsource

(owt′sors″)
To contract with employees or managers to perform specific duties as independent contractors or to purchase goods and services from consultants or third parties instead of maintaining or developing goods and services on site. In health care, for example, radiology services are often obtained from off-shore locations, and intensive care unit expertise is provided by telemedicine and robots to small hospitals by staff in tertiary care hospitals.
outsourcing (sor″sing)
References in periodicals archive ?
Less than a month after the November signing, BP Amoco completed a $600 million agreement to outsource its global human resources operations to Exult, Inc.
The decision to outsource is clearly a strategic decision for a mortgage lender.
A different set of equally destructive problems can emerge when a company hands over a process completely to the outsource provider, washes their hands of that process, and walks away.
They reasoned that if a company outsources credit, there is no need for an in-house credit function.
When it comes to performance on measures related to warehousing operations, organizations that outsource have some advantages over organizations that do not outsource.
The result indicates that in the opinion of 53% respondents consider that Operating Expense is the element that enforces the companies to outsource their transport activities.
A company of any size can act as an outsourced service buyer, and companies in any industry can outsource their operations.
"The interviewees showed strong discomfort as we asked personal questions about how their companies outsource. Retrieving the answers could be compared to pulling teeth."
Malek Al Malek, Managing Director, Dubai Internet City and Dubai Outsource Zone, members of Tecom Investments, highlighted the trends at the third Annual Arab Outsourcing Conference in Dubai.
It is not surprising that outsourcing is also used at many higher education institutions and that the decision to outsource has become increasingly important.
Now in its third year, Arab Outsourcing Conference 2011 featuresVested Outsourcing, a new methodology developed by Kate Vitasek in conjunction with the University of Tennessee and funded by US Air Force, by which companiesthat are outsource and service providers can work together more effectively.
The most important questions in offshore outsourcing remains, according to the various literature reviewed, "the way to outsource successfully".