Friday, April 27, 2012

Medical transcription contracting out: Creating a tandem effect

The healthcare practice is not only complicated it is also an extremely sophisticated and delicate process. Being a crucial service health management has to deliver quality services every time! Medical care depends on ingredients from numerous sections to be proficient at delivery of quality health management every time. Therefore it becomes critical for healthcare facilities to decide about the focus areas and outsource the rest. This assists them not only aim on their most important business better, but also cuts down expenditure and accelerates cash flow. 

Voice transcription is one such activity that is an important contributor to the medical care exercise, but not part of the main proficiency of the healthcare facility. Contracting out voice transcription creates synergies that result in increased healthcare services and easing the drain of health facilities in several valuable areas.

What is the synergistic effect made by contracting out medical transcription?
The expression synergy has been defined as the usefulness of culmination that is much greater than the actual sum usefulness of the inputs. Sub contracting medical transcription can be quoted as a good example of synergy. By sub contracting online medical transcription, not only does the health facility benefit from correct, quick, and cost-effective and HIPAA compliant formation of patient records, outsourcing also offers other gains like:

Availability of a group of trained medical transcriptionists: The quality of patient transcripts is reliant on the accessibility of skilled medical transcriptionists.  To create a pool of qualified transcriptionists would need an extended process of picking the right ability and training them.  By sub contracting health facilities effectually have open access to skilled medical transcriptionists as considered necessary without having to go through the process of hiring and training. This produces a synergy of bigger team of skill for health facilities to draw on as required without in fact having them on the rolls thus reducing a lot of disturbances.

Reducing of software and tools costs for medical transcription: The next component that makes an impact to standard of medical transcription taking into consideration speed and HIPAA compliance is technology. Software and tools has an enormous role to play in the medical transcription practice. Contracting out online medical transcription enables health facilities full use of the technology grown by the medical transcription service provider for transcription without having to make substantial commitment. Healthcare facilities can enjoy the gains of software and tools without the huge investment required in developing and keeping up it.

Leveraged environment: Online medical transcription in-house would involve outlay in technology, capital equipment and working capital. By contracting out medical transcription healthcare practices can leverage on the investment made by the medical transcription vendor in these sections and focus these resources on the core business.

Pay per line: One of the main plus points of sub contracting online medical transcription is that healthcare practices can limit the expense of transcription to just the expenditure per line as charged by the online medical transcription service provider. Basically this implies that they do not have to worry about aspects like efficiency, downtime, overtime, and extra charges for weekend/holiday/overflow transcription.

Cost control and enhanced revenue: Not only does contracting out online medical transcription restrict expenditure to expenditure per line of transcription, it also restricts the expense per line substantially by as much as 40% to 60%. The other profit of outsourcing online medical transcription is that the due to the speedy making of patient reports the practice of settlement can also be quickened, improving revenue.

HIPAA compliance of patient reports:  Protecting secure patient records are one of the main concerns of health facilities. This information is especially vulnerable during the voice transcription process. Sub contracting online medical transcription to the optimum service provider makes certain that the patient records are safeguarded by satisfactory provisions in terms of people, processes and information technology.

It can be concluded that outsourcing medical transcription has a synchronistic effect by allowing health facilities to leverage on the expertise and resources of the voice transcription vendor. To reap the utmost gain out of the contracting out process it is critical to source the correct medical transcription company.

TransDyne, a leader in the outsourced online medical transcription industry provides adapted solutions to the medical transcription needs of healthcare facilities. TransDyne delivers excellent voice transcription at cost-effective charges, executed by seasoned and qualified medical transcriptionists with a very timely delivery time executed through confidential HIPAA and HITECH compliant channels, with very high levels of correctness and all this with software and tools that is highly developed but effortless to use!            

To avail complete voice transcription services from TransDyne, click here.

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