Tag Archive for Medical Transcription Outsourcing

Medical Transcription

Medical transcription, also known as MT, is an allied health profession, which deals in the process of transcription, or converting voice-recorded reports as dictated by physicians and/or other healthcare professionals into text format.

Traditional medical transcription is a form of document creation that the medical industry considers outdated, but necessary as a means of providing the necessary documentation needed to satisfy regulatory and insurance provider requirements. The practice of modern medicine dictates that the physicians spend more time serving patient needs than creating documents in order to make financial ends meet. More modern methods of document creation are being implemented through the technology of computers and the internet. Voice Recognition (VR) is one of these new-age technologies. With the power to write up to 200 words per minute with 99% accuracy Voice Recognition has freed physicians from the shackles of traditional transcription services.

Medical transcription is still the primary mechanism for a physician to clearly communicate with other healthcare providers who access the patient record; to advise them on the state of the patient’s health and past/current treatment; to assure continuity of care. More recently, following Federal and State Disability Act changes, a written report (IME) became a requirement for documentation of a medical bill or an application for Workers’ Compensation (or continuation thereof) insurance benefits based on requirements of Federal and State agencies.

The medical transcription industry will continue to undergo metamorphosis based on many contributing factors like advancement in technology, practice workflow, regulations etc. The evolution toward the electronic patient record demonstrates that, over time, documentation habits will change either through standards and regulations or through personal preferences. Until recently, there were few standards and regulations that MTs and their employers had to meet. First, we had the Health Insurance Portability and Accountability Act (HIPAA). It wasn’t long ago “experts” stated that HIPAA would not have any effect on the medical transcription industry. Either in a state of denial or ignorance of the law, many transcriptionists and companies have continued on their existing course of providing medical transcription. Many providers are concerned that the majority of the transcription industry will not be able to meet several specific requirements: namely, access controls, policies and procedures, and audits of access to the patient information. Without the knowledge or resources to comply, many in the industry are claiming to comply and signing their Business Associates Agreements without taking the security measures required. Many are uninformed, and some are choosing to remain so, believing that the world of transcription cannot possibly be expected to make these adaptations. The fact is that the employers will demand HIPAA compliance and will change employees and contractors when they don’t get it. There will also be demands to enhance patient safety, increase efficiency, and reduce costs. It is mandatory for service providers and healthcare practices to migrate to a HIPAA compliant environment.

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EHR Adoption Success Directly Linked to Transcription: Industry Associations Take Solution-Focused Message to Capitol Hill

WASHINGTON – (Business Wire) The proven ability for medical transcription to facilitate accurate, cost-effective EHR adoption will be the key message brought by the members of the Association for Healthcare Documentation Integrity (AHDI) and the Medical Transcription Industry Association (MTIA) to federal legislators on Capitol Hill when the associations convene in Washington, DC, for their annual Advocacy Summit. With the HITECH Act, the Obama Administration’s high priority on nationwide EHR adoption has opened an opportunity for the transcription sector to educate the current Administration and Congress about the need for contemplative, prudent migration to the EHR – one that preserves the role of complex narrative and engages human intelligence in ensuring the accurate, secure capture of patient healthcare encounters.

The Advocacy Summit, being held June 3-4, 2009, in Washington, DC, will focus on the need for standards and regulations in EHR technology integration/adoption, the role of transcription in safeguarding protected health information (PHI), and the need for workforce development funding in healthcare documentation to ensure a knowledgeable.

“Healthcare can ill afford a knee-jerk reaction to the EHR requirements of the HITECH Act,” states Peter Preziosi, PhD, CAE, AHDI/MTIA chief executive officer. “Successful EHR adoption and meaningful interoperability hinge on healthcare’s ability to set standards that promote efficient, cost-effective, quality-driven data capture solutions. The transcription sector is uniquely positioned to offer healthcare delivery the means to make that happen, and that’s what we’ll be sharing with this new Administration and the new Congress.”

The associations will take to the Hill their Transcription: Proven Accelerator to EHR Adoption whitepaper, which includes compelling statistics that demonstrate (a) the loss of income to physicians who integrate EMR/EHR technologies ineffectively, (b) the critical role of transcription technology solutions in facilitating better EHR adoption, (c) the value of solutions that create “rich, interrelated narratives” rather than cookie-cutter records, and (d) the irreplaceable role of a knowledge worker in data integrity management.

About AHDI

The Association for Healthcare Documentation Integrity (AHDI), has been the professional organization representing medical transcriptionists since 1978. AHDI sets standards of practice and education for medical transcriptionists, administers a dual credentialing program, has established a code of ethics, and advocates on behalf of the profession. For more information, visit www.ahdionline.org.

About MTIA

The Medical Transcription Industry Association (MTIA) is the world’s largest trade association serving medical transcription service operators. Its mission is to create an environment in which medical transcription companies can prosper, grow, and deliver the highest level of healthcare documentation services. For more information, visit www.mtia.com. The two associations formed a strategic legal partnership in 2007 to pool critical resources and collaborate on key initiatives focused on optimizing healthcare delivery.

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Outsourcing Medical Billing

In the past few years there is a dramatic change in the medical field and its treatment. Initially, while processing the insurance claims there are many administrative difficulties during the preparation of insurance policy procedures and dealing with complicated claim forms. To overcome with these obscurity doctors look out for outside help, and hire representatives to advise them, attend information about insurance company seminars, and provide them with regular clear financial reports.

This is process is called as medical billing outsourcing. Outsourcing Medical Billing acquire a profound working knowledge of the technologies and processes that are decisive to successful Business Process Outsourcing and afford a absolute scale of Back Office Outsourcing services in the areas of Medical Billing, Claim Adjudication, Call Center and Financial service. The most of the physician time is saved by means of medical billing outsourcing process. So that, physicians can much more concentrate on curing their patients. A medical billing firm will have the knowledge and experience technocrats to take care of all the medical billing issues. It makes free the other staff to concentrate on other aspects of running the practice which leads to added security to finance and transactions.

In a medical billing process all those claims will be submitted more quickly and follow-up will be more persistent-all adding up to more and quicker revenue for the practice. Medical billing firm will provide all the reports by means of monthly and detailing the financial health of the practice and can recommend ways to boost profitability as well. It process is used to improve the business and may not depend on individual to maintain the details. So the usage of medical billing outsourcing is very reliable to change medical billing expenses from a fixed cost to a variable cost and to improve the ability to manage our business.

A medical billing firm gives the detailed information that need to successfully negotiate a contract with a malpractice insurance carrier. The benefits of medical billing outsourcing include less paperwork and lower employee cost, minimized error and faster revenue receives. For minimized error the perfect audition is done by the supervisor. After the approval of supervisor the claims are sent to the process of revenue. One of the major advantage of medical billing outsourcing is it assists the physicians in saving money through payroll generation, equipment reduction, elimination of postage, and with software service support. Outsourcing to a professional billing company frees you from administration problems.

One of the important things has to be noted is while choosing the medical billing outsourcing the costs varies directly with the medical billing. If the medical billing drops, the cost drops. If the medical billing goes higher, then the costs do not rise suspiciously. This is the simple fact that makes the business planning easier. Outsourcing Medical Billing handles your Billing and Collections. Outsourcing to Offshore Medical billing will reduce your overhead while decreasing the claim payment turn around time. Enjoy the benefits of Outsourcing Medical Billing, Accounts Receivable Follow-up responsibilities to the experienced professionals in the Offshore Center.

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How to Save Money Through Medical Transcription Outsourcing

  • Step1

Business owners can save money through medical transcription outsourcing because of the increased demands in this industry. Big hospitals are providing a lot of workload due to the increasing number of patients. Therefore, medical transcription outsourcing firms will be filled with jobs and workloads bringing a lot of income.

  • Step2

Investment in a medical transcription outsourcing firm is not costly because only few materials are needed. Basic office equipments are the only things needed and no other special necessary equipment unlike if you start other businesses that have complicated equipments.

  • Step3

For hospitals, a medical transcription outsourcing is really a cost effective way to have quality medical records with inexpensive labor fees. A lot of countries nowadays are into the business of medical transcription outsourcing. The quality provided is very good yet labor fees are also reasonable.

  • Step4

A lot of companies have started to establish medical outsourcing firms leading to a tight competition among these companies. For hospitals this is very beneficial because the greater the competition within a business, the lower the prices and expenses there will be.

Above article published on http://www.ehow.com/

Affordable Medical Transcription Service

An increase in the demand for medical transcription has led to a corresponding increase in the number of service providers offering affordable medical transcription services. These medical transcription companies are a great help to individual physicians, outpatient clinics, group practitioners, hospitals and healthcare centers. They guarantee excellent transcription services with unique, reliable and complete solutions ranging from dictation capture to document distribution and storage.

High Accuracy Rates and Minimum Turnaround

Reputable medical transcription companies keep trained and experienced transcribers providing services to a number of specialties including orthopedics, gastroenterology, radiology, cardiology and more. One of the major advantages of medical transcription companies

is that they provide digitalized documentation service converting voice recorded files into text format. Ensuring perfect accuracy in transcription services, these companies maintain in-house proofreaders, quality analysts and editors to give clients three levels of quality assurance. Besides ensuring 99% accuracy rates, the recognized medical transcription companies complete all projects within minimum turnaround time.

Ensured Confidentiality and Privacy

Medical transcription companies are perfectly optimized with advanced technological devices to meet various demands of the healthcare industry. They use convenient dictation methods for a total medical transcription solution. Most of the companies offer web-based transcription service providing various advantages to the clients. In addition to this, medical transcription companies provide toll free numbers making it easy for physicians to convey dictations using telephones.

When planning to outsource your medical transcription jobs, it is important to verify whether the affordable medical transcription service is HIPAA compliant. HIPAA compliant companies guarantee high confidentiality and privacy in their services following various rules and regulations of the Health Insurance Portability and Accountability Act.

Popular medical transcription companies provide affordable and secure medical transcription service using the latest document flow management software and advanced digital systems. Depending on the requirements of the clients they provide short term and long term services.

Above article published on http://www.articlesbase.com/outsourcing-articles/affordable-medical-transcription-service-872554.html