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 ?
In March 2003, Guardian announced that it awarded outsourced software services to Patni Computer Systems (P) Ltd.
AA: Yes, lack of continuity when the whole tax department is replaced is a significant reason why the entire tax function is not outsourced.
E&Y: Under the Ernst & Young "teamed" approach, those functions that are highly strategic to the company would not be outsourced in its entirety.
Tax department activities that involve discrete recurring, process-driven tasks, as well as seasonal requirements, and tasks whose volume fluctuates from year to year lend themselves readily to a higher perceived value for the cost if outsourced.
For example, the outsourced tax return produces the self-assessed tax liability of the corporation and, accordingly, is still the legal responsibility of the corporation.
Table 4: Global managed and outsourced storage services market revenues 2005 to 2009 ($ millions)
Table 6: Managed and outsourced desktop services market revenues 2005 to 2009 ($ millions)
executives, when it comes to payroll services and payroll tax filing, the four most valuable services an outsourced solution can provide are filing tax forms with all federal, state and local agencies (44 percent), updates on compliance regulations (39 percent), payroll or ensuring payments are deposited on time, every time (30 percent), and processing or calculating tax liabilities and collecting funds (30 percent).
executives (50 percent) report they use an in-house system, more than one-third (37 percent) use an outsourced service, 35 percent utilize government periodicals and 23 percent subscribe to Central Clearing Houses (CCH).
Table 2: CALA offshore outsourced agent positions, 2005 - 2010
The range of services and business functions now outsourced by the leading companies extends far beyond IT, human resources and procurement to marketing, food service, real estate, finance, travel, accounting, document management and a range of other specialized services.