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 ?
To outsource to another country we needed a very good reason.
If the firm finds errors but chooses to correct them in-house because of time constraints, the outsource firm may continue to repeat them.
Outsource firms have responded to identity-theft potential by making it impossible for BPO workers to download, print, scan or copy information.
In the thick of tax season, however, the outsource firm also may overcommit and be unable to deliver a timely product.
If a corporation chooses to outsource its income tax-compliance function with your firm and your firm has its own proprietary tax preparation software, will such software be used in preparing that company's returns even though systems have been established and prior returns filed using another software system?
Where a corporation chooses to outsource the entire tax function with an outside accounting firm, how is such firm held accountable for quality?
If the corporation outsources its entire tax function with an accounting firm that also serves as its independent auditor, can such independence be maintained for financial statement purposes assuming taxes are material?
Assuming a corporation outsources its entire tax function, who manages outside tax litigation counsel on both the state and federal levels?
And when asked why they outsource, increased efficiency, time and cost savings topped the list.
According to the majority of executives whose companies outsource, the main reasons for outsourcing are efficiency (68 percent), saving time (47 percent) and saving money (31 percent).
Forty-three percent of executives nationwide say their organizations outsource payroll tax filing entirely or use a combination of outsourcing and in-house processes or solutions.
executives report their companies outsource payroll services entirely or use a combination of outsourcing and in-house.