The social venture philanthropy approach to running philanthropic organizations utilizes concepts and methods from high-technology business management and venture capital finance. One nonprofit that puts social venture philanthropy into practice is The Smile Foundation NGO, founded by corporate professionals in India. The NGO’s “soul” is its working model of social venture philanthropy. This model connects charitable giving with social investment strategies, and the goal of these efforts it to achieve sustainability and scalability. Effectively, the model has instilled in charitable organizations the need to be more accountable and has encouraged them to develop a culture of excellence and leadership.
When the Smile Foundation invests money in grassroots NGOs, it makes a long-term commitment. Furthermore, the foundation seeks to utilize broad-based strategies by working with a large number of organizations and like-minded individuals around the world. In this way, the foundation aims to maximize its reach and receive an augmented response to its initiatives. Just as importantly, the Smile Foundation looks into the outcomes of its ventures to determine which of its approaches are the most effective. Today, partly due to the Smile Foundation’s endeavors, hundreds of nonprofit projects around the world are a testament to the viability of efficient philanthropy. About the Author: Ashok Bagdy is proud to be a supporter of the Smile Foundation. He works in Outsourcing Services at the Tampa, Florida, offices of Cameo Corporate Services Limited.
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A successful healthcare executive and current vice president of outsourcing services with Cameo Corporate Services, Ashok Bagdy oversees areas such as client relations, business development, service delivery, and P&L. Ashok Bagdy also plays a central role in the outsourcing of medical transcription (MT) to India, which has emerged as a popular option for US companies in recent years.
Outsourcing MT to India provides a number of advantages to US health care providers. First, India has developed a large workforce of English speakers familiar with American English over the past several decades. Medical transcriptionists are fluent in English and have typically studied science at the university level. Because India is in a different time zone than the US, workers can get tasks accomplished on a convenient schedule overnight. Finally, the cost savings of using an India-based MT company can be considerable. Thanks to significantly lower wage standards in India, Indian companies can offer high-quality MT services at competitive prices. By Ashok Bagdy
Medical documentation is often an involved and time-consuming aspect of the healthcare industry. Though it can be viewed as an inconvenience, it is critical to the operation of any medical facility, from private practices to large-scale hospitals. In the past, practitioners have documented routines and procedures by dictating to an electronic device, such as a handheld tape recorder or telephone, whose audio content would later be translated to text by a transcriptionist. Technology emerging as early as the 1980s gave medical practitioners another option for transcription: voice-recognition software. These computer applications are designed to recognize human speech and convert it to text, abolishing the need for a human transcriber. This appears to be a cost-effective option, and with continuing software improvements such as increased accuracy, expanded vocabularies, and cross-technology integration, has grown more viable. A major drawback for practitioners transcribing in this manner, however, is its time-consuming nature. Even with improvements in accuracy, users of voice-recognition software still must account for a margin of error; the editing time required to ensure accuracy, frequently offsets the practitioners’ initial savings of time and money. With the reduced labor cost of offshore companies, outsourced medical transcription has become an increasingly popular alternative. These companies provide accurate, quick, and secure transcription and editing services, making for a cost-effective option. About the author: Ashok Bagdy successfully integrated speech recognition software into the practices of business solutions outsourcer Cameo Corporate Services Limited, where he serves as Vice President of the Healthcare Outsourcing Division. Professionals on the go require productivity tools that allow them to perform office work no matter where they are. Today’s mobile workers can produce meeting minutes or notes, compose correspondence, and create lists using only the technology of a cell phone and a monthly service contract with a mobile documentation services provider. Mobile documentation allows businesspeople to devote more time to clients and less time to office tasks.
Clients call the service’s phone number and provide dictation, which is usually limited to a few minutes for each topic. However, subscribers have the option of sending longer recorded files to the documentation service for transcription. Within a few hours, subscribers can view their transcribed dictations by logging into their account, where they can then save, print, or copy transcriptions to another location. Or, as another option, subscribers may request that transcriptions be sent to their email accounts. About the author: Ashok Bagdy, the Vice President of Outsourcing Services for Cameo Corporate Services Limited, handles business development and client relations for the international company. Mr. Bagdy earned an M.S. in Computer and Information Science at Temple University and has worked in the transcription and business outsourcing industry for over a decade. |
AuthorAshok Bagdy - Cameo Corporate Services Limited Archives
May 2017
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