Field view of Outsourcing medical transcription

To assign medical transcription work to a 3rd party for a specific length of time at a set less price and service level managed care is called outsourcing of medical transcription. Due to the increasing work of document medical records, other countries started to outsource the services of the medical transcriptionist. Outsource is always a joint development between industry and services. In the United States, the medical transcription business is estimated to be worth US $10 to $25 billion annually and growing 15 percent each year citation needed. There are many reasons of outsourcing, one of them is the cost advantage due to cheap labor in developing countries, and their currency rates as compared to the U.S. dollar.

As, the labor cost in United State is too much as compared to developed countries therefore hospitals and healthcare facilities try to outsource their medical documentation, because in this case they save their lot of expenses like not required any building, instruments, furniture or expenses to run any office, while greater majority of MT's also like to work from home. It is predominantly those Nationals located in the United States who are striving to outsource work to other-than-US-based transcriptionists. In outsourcing work to sometimes lesser-qualified and lower-paid non-US MT's, the Nationals unfortunately can force US transcriptionists to accept lower rates, at risk of losing business altogether to the cheaper outsourcing providers. In addition to the low line rates forced on US transcriptionists, US MT's are often paid as ICs (Independent Contractors); thus, the Nationals save on employee insurance and benefits offered, etc. Unfortunately for the state of healthcare administrative costs in the United States, in outsourcing, the Nationals still charge the hospitals the same rate as they did in the past for highly qualified US transcriptionists, but subcontract the work to non-US MT's, keeping the difference as profit.

The confidentiality of patient records is an important consideration for healthcare facilities, while reports going from the country where the patient is located (the US) to a country where the laws about privacy and patient confidentiality may not even exist. Some of the countries that now outsource transcription work are the United States, Britain, and Australia, with work outsourced to Pakistan, Philippines, India and Canada. To provide client proper security there are some professional medical transcription companies, how gives complete satisfaction about security concerns

The low quality is a burning issue for outsource transcriptionists. Many outsourced Transcriptions simply do not have the basic education to do the job with reasonable accuracy, much less additional, occupation-specific training in Medical Transcription. First of all the US transcriptionists have many features that foreign MT's do not have some are as follow. foreign MT's who can speak English are unfamiliar with American expressions and/or the slang doctors often use and are unfamiliar with American names, places and also have grammar problems. An MT Editor, certainly, is then responsible for all work transcribed from these countries and under these conditions. These outsourced transcriptions often work for a fraction of what transcriptions are paid in the United States, even with the US MT's daily accepting lower and lower rates. While Government must have take some proper steps to set these problems.Author:brainstormSource:http://www.a1articles.com