Tuesday, June 28, 2011

Medical transcription outsourcing: Increasing profitability by enhancing productivity

Healthcare services have become a part of the basic necessities of life. Though the demand for healthcare services have been on rise there has been increasing pressure on healthcare services to provide quality services at lower costs. Keeping this in mind healthcare facilities and healthcare professionals are looking for ways to maintain high levels of quality, increase productivity and curb expenses.  Outsourcing medical transcription can help in all these areas.


How do outsourced medical transcription services help maintain and improve quality of services?

Though the quality of healthcare services is the culmination of numerous factors including the education, qualification, experience and skill of healthcare professionals, quality of drugs, quality equipment and numerous other factors, the common thread that binds all these together is information in patient medical records. Outsourced medical transcription has a vital role to play in this regard by helping document the care process and ensuring creation of patient medical records that are:
  • Detailed
  • Accurate
  • Legible
  • Timely
  • Easily accessible
  • Clear
  • Consistent
  • Complete
How do outsourced medical transcription services help increase the productivity of healthcare professionals and other staff?

 
Outsourcing medical transcription provides support to healthcare facilities and healthcare professionals in various aspects. Outsourced medical transcription service providers use technology that provides maximum benefits while still remaining easy to use. Some of the benefits of technology used by medical transcription service providers are:
  • Retaining dictation as an option for information collection
  • Offering flexible modes of dictation
  • Automatic upload of dictation at frequent intervals facilitating timely transcription
  • Document delivery modes customized to the specific requirements of healthcare professionals
  • Easy to access archives to retrieve older transcripts
  • A system for keeping track of transcription status
  • Editing and proof reading services for speech recognition software transcription
  • HL7 interface for adoption of EMR/EHR
  • Facility for electronic signature
How do outsourced medical transcription services help curb expenses?
 
Outsourcing medical transcription not only allows healthcare professionals and other support staff to focus their total attention on the care process, but also has the additional advantage of enabling the healthcare facility to save on costs. Outsourcing medical transcription helps cut costs by enabling the following:
  • Converting fixed cost of medical transcription to variable costs
  • Reducing cost of transcription by more than 40%
  • Saving on other expenses for medical transcription like overheads, cost of real estate, utilities etc
  • By providing for weekend and holiday medical transcription needs, the service provider helps curb on costs like the cost of extra staff / extra shifts etc.
  • Another indirect way that outsourced medical transcription services help in improving the cash flow is by accelerating the receivables cycle.
Choosing the right medical transcription service provider can help healthcare facilities and healthcare professionals enhance the efficiency and productivity of the healthcare facility, resulting in increased profitability.
 
TransDyne, a leader in the outsourced medical transcription industry has used their extensive background in information technology and their experience in serving the needs of the healthcare sector to provide affordable and integrated medical transcription solutions.
 
TransDyne offers quality medical transcription at reasonable prices, executed by experienced and qualified 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 complete and reliable medical transcription services from TransDyne, click here.

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