Difference Between Outsourcing and Contracting. Outsourcing has become a common phenomenon in this age of globalization. The desire of the companies to be cost effective in the face of cut throat competition from economies that have cheaper labor and other cheaper competencies has led to outsourcing on a very large scale.
The analysis showed that TMS provides an incremental cost-effectiveness ratio of $36,383 per quality-adjusted life-year (QALY), which is less than the usually accepted willingness-to-pay standard of $50,000 and shows that it is good value for money, Dr. Simpson said.
TMS is a third-party group that partnered with Ashford University on of June 30, 2014, to manage stipend disbursements for eligible students. On Ashfordâs behalf, TMS will print and mail paper checks, or process direct deposits, for students who are eligible to receive a stipend of any excess funds.