Medical transcription outsourcing: Providing economical solutions

Quality healthcare is based on the foundation of the qualification, skills, experience of healthcare professionals, appropriate equipment, the right drugs and information regarding the patient’s health condition. Medical transcription plays an important role in the process of healthcare by creating patient records converting the audio files of the patient-healthcare professional encounter into text format.

Patient records act as reference points in the following areas:

• Providing demographic details of the patient
• Past and present symptoms exhibited by the patient
• Details of past examinations/tests/ procedures
• Past diagnosis/ treatments
• Drugs prescribed
• Allergy information
• Pre existing conditions

It is vital that patient records be created on a timely basis, capturing maximum information accurately. Medical transcription is the process of patient record creation. Though playing such a vital role in the healthcare process, medical transcription adds to the costs. Considering this, it is important for healthcare facilities to contain the costs of medical transcription to the maximum extent possible without compromising quality, security or turnaround time.

How can medical transcription be made economical?

Outsourcing medical transcription to a professional service provider can not only help the healthcare facility reduce cost per line of transcription, but also reduce overheads that would be incurred by having medical transcription in-house.

How is outsourcing medical transcription economical?

To find out whether outsourcing medical transcription is really economical it is important to understand the meaning of the word economical. The word economical has been defined as using the minimum of time or resources necessary for effectiveness.

Outsourcing medical transcription is an economical solution for the documentation needs of a healthcare facility. Outsourcing medical transcription helps the healthcare facility economize in the following areas:

• Helps reduce cost per line of transcription: Outsourcing medical transcription helps reduce the cost per line of transcription by as much as 40%-60%. Apart from that outsourcing medical transcription also helps the healthcare facility contain costs to the extent the service is used. Extra expenses like overtime payment for high volumes or wastage due to idle capacity are avoided.
• Helps reduce indirect cost of in-house medical transcription: Medical transcription requires deployment of resources like medical transcriptionist recruitment & training expenses, real estate costs, cost of transcription equipment, cost of utilities, cost of working capital, cost of IT and management resources etc. By outsourcing medical transcription all these expenses can be avoided.
• Saves the time of healthcare professionals: Outsourcing medical transcription helps save time of healthcare professionals in the following ways

1. Allowing them to use flexible modes of dictation
2. Reducing time spent editing and correcting records by maintaining accuracy
3. Improving efficiency by having features like remote printing and faxing

• Saves the time of other support staff: Outsourcing medical transcription helps save the time of support staff by providing the following benefits:

1. Powerful archiving facilities
2. Having HIPAA/HITECH compliant measures in place to ensure security of data
3. By allowing automatic uploads of dictation and automatic downloads of transcripts by using efficient technology
4. Having options for integration with EMR/EHR
5. Having a transparent and well defined billing methodology, making it easier to reconcile accounts

It can be concluded that outsourcing medical transcription is an economical solution to the documentation needs of a healthcare facility.

TransDyne is a leading provider of outsourced medical transcription services that are economical, efficient and effective. TransDyne offers quality medical transcription at reasonable prices, done by expert medical transcriptionists with a very quick turnaround time executed through secure HIPAA and HITECH compliant channels, with very high levels of accuracy and all this with technology that is advanced but easy to use!

To avail economical medical transcription services from TransDyne, click here.