Tag Archive for Outsource Medical Transcription

Medical Transcription: Advantages of Outsourcing it From a Service Provider

When it concerns transcribing the medical records of a healthcare facility, there are several options in front to them. They could opt to go in for a transcription department or contract Independent contractors, or engage the services of an expert medical transcription company. Sometimes healthcare providers decide to have a mixture of all three.

However, outsourcing medical transcription needs on a total basis to a medical transcription company has a lot of benefits. Once the expertise of the service provider has been verified in terms of correctness, turnaround time, HIPAA compliance, technology and the pliability of services, there are many advantages to outsourcing the work

Given here are some of the benefits of outsourcing medical transcription:

Reducing time: By outsourcing, the administrative staff of the hospital as well the healthcare professionals can structure their limited time better to concentrate on the main business; that of providing healthcare.

Conserving resources: Outsourcing transcription liberates resources like technology, office space, working capital, management personnel etc. These resources can then be utilized for maximum benefit.

Savings on overhead: Having transcription in-house would require infrastructure like space, computers, power etc, which would have to be used to perform medical transcription. By outsourcing, outlay on this infrastructure could be saved.

Decreased efforts: A lot of inputs are needed from teams at every level, when transcription needs are executed in-house or through the use of independent contractors. Activities like hiring and training require a lot of effort. Outsourcing ensures that these efforts are used more productively.

Decreased strain on internal resources: Due to raising costs, declining percentage of payments, and constrained budgets, it has become increasingly challenging to manage internal resources. Outsourcing transcription lessens the burden on internal resources.

Leveraging from the knowledge of the provider: Outsourcing has the advantage of the hospital gaining from the skills of the service provider. The know-how and expertise of the service provider add to the other advantages of outsourcing.

High level of service: As more and more resources of the healthcare facility are liberated, the focus on delivering quality services would get better, thereby enhancing the quality of service.

Flexibility of choice: One of the major advantages of outsourcing medical transcription is the adjustability of services provided. The responsibility of having to arrange medical transcription services for varying influxes of patients, holiday transcription and weekend transcription needs is on the service provider.

Enhance shareholder value: With the decrease of expenses, gains are maximized thus enhancing shareholder value.

Streamlined and improved operations: With one of the vital contributors in the healthcare process being taken care of, the administration of the clinic is free to focus on other areas. This helps streamline and enhance operations.

Staying competitive: The ability to reduce expenses without affecting the quality and prompt delivery of patient records gives a competitive advantage to the healthcare facility.

Enhancement and expansion of services: With enormous cost cutting benefits and improvement in efficiency by outsourcing, the healthcare facility’s improvement and future plans become a reality.

Increase in cash flow: Medical transcription is the primary stage of the receivables cycle. Outsourcing ensures that the turnaround time is quicker, thus quickening the receivables cycle. This in turn improves the cash flow.

Apart from all the above long-term benefits, outsourcing transcription needs to a professional transcription company has benefits like quality services at fair prices, done by expert transcriptionists with a very prompt turnaround time executed through secure HIPAA and HITECH compliant channels, with very superior levels of accuracy and all this with technology that is advanced but simple in usage!

This article was originally posted at  http://www.ubscure.com/Art/165575/24/Medical-Transcription-Advantages-of-Outsourcing-it-From-a-Service-Provider.html

Benefits of Outsource Medical Transcription Services

Medical Transcription is the process of understanding and transcribing the transcript made by healthcare professionals, such as doctors, treatment procedures, prognoses, diagnoses etc. It is the wide procedure of transcribing voice-recorded reports done by doctors and healthcare professionals into text formats for various uses.

Today there are extensive medical transcription services are available that cover all kind of the specialties in medicine. As the health care industry grows up, one finds that the number of companies is specialized in providing medical transcription services. Medical transcription is growing day by day. These services are provided to a wide range of practices and organizations that can include healthcare facilities, hospitals, laboratories, clinics, individual doctors and physicians’ groups.

Electronic storing of medical records is preferred by contemporary medical organization because of the giant number of patient information being accumulate. It crafts it very easy to integrate all details including the medicine, diseases details and other diagnostic information. Maintaining of this type of records is primarily to facilitate the patient’s healthcare. Also to use it as a general use data bank while still maintaining privacy of patient data.

Medical transcription services are offered exclusively for all the different medical specialists. Nowadays we have experienced medical transcriptionists who do specializations in transcription of different branches of medicine.

Medical Transcription Services includes:

  • Radiology Transcription
  • Cardiology Transcription
  • Gynecology Transcription
  • Dental Transcription
  • Psychology Transcription
  • Neurology Transcription
  • Dermatology Transcription
  • Orthopedic Transcription
  • Academic Transcription

Medical transcription is one of the most widely outsourced works in the healthcare industry. Medical transcription services can consistently give you the combined unique experience of 99% accuracy, data security and absolute privacy for your records and documents. The concentrated training provided at these outsourcing companies guarantees quality and speed. To guarantee maximum accuracy in medical transcription, all these medical transcription services have experienced editors and proofreaders. Another foremost benefit of outsourcing these medical transcription works is that backup copies of patient data. These are forever available at the servers of these outsourcing companies and so it is easier to search and access patient records. Medical Transcription outsourcing is one of the most important industries in the outsourcing range.

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