Medical Transcription - Outsourcing Advantages

When it comes to medical transcription needs of a healthcare facility, there are various options available to them. They could choose to go in for an in-house transcription team or engage Independent contractors, or engage the services of a professional medical transcription service provider. Sometimes healthcare facilities choose to have a combination of all three.

However outsourcing transcription needs on a turnkey basis to a professional service provider has a lot of advantages. Once the expertise of the service provider has been evaluated in terms of accuracy, turnaround time, security, technology and the flexibility of services, there are many advantages to outsourcing the right way.

Given below are some of the advantages of outsourcing medical transcription:

1. Saving time: By outsourcing, the administrative staff of the healthcare facility as well the healthcare professionals can organize their limited time better to focus on the core business; that of providing quality care.

2. Saving resources: Outsourcing transcription frees up resources like Information technology, real estate, working capital, management personnel etc. These resources can then be utilized more optimally.

3. Savings on infrastructure: Having transcription in-house would require infrastructure like real estate, computers, utilities etc, which would have to be dedicated to medical transcription. By outsourcing, investment on this infrastructure could be saved.

4. Saving on efforts: A lot efforts are needed from people at every level, when transcription needs are executed in-house or through the use of independent contractors. Activities like recruitment, training requires a lot of effort. Outsourcing ensures that these efforts are channeled more productively.

5. Less strain on internal resources: Due to increasing costs, decreasing percentage of reimbursements, and limited budgets, it has become increasingly challenging to manage internal resources. Outsourcing transcription lessens the strain on internal resources.

6. Gaining from the expertise of the provider: Outsourcing has the advantage of the healthcare facility gaining from the expertise of the service provider. The experience and expertise of the service provider add to the other benefits of outsourcing.

7. High quality of service: As more and more resources of the healthcare facility are freed, the focus on providing quality services would improve, thereby enhancing the quality of service.

8. Flexibility of choice: One of the major advantages of outsourcing medical transcription is the flexibility of services provided. The onus of having to organize medical transcription services for varying influx of patients, holiday transcription and weekend transcription needs is on the service provider.

9. Increase shareholder value: With the minimization of costs, profits are maximized thus increasing shareholder value.

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

11. Being competitive: The ability to cut costs without affecting the quality and turnaround time of medical reports, gives a competitive edge to the healthcare facility.

12. Improvement and expansion of services: With huge cost saving benefits and improvement in efficiency, by outsourcing, the healthcare facility, improvement and expansion plans become a reality.

13. Improvement in cash flow: Medical transcription is the first stage of the receivables cycle. Outsourcing ensures that the turnaround time is reduced, thus quickening the receivables cycle. This in turn improves the cash flow.

Apart from all the above strategic advantages, outsourcing transcription needs to a professional service provider has benefits like quality services at reasonable prices, done by expert 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!

TransDyne, a leader in the outsourced medical transcription industry offers customized medical transcription solutions tailored to suit the needs of healthcare facilities. Visit http://www.transdyne.com for more details. Click http://www.transdyne.com/html/contactus.aspx to avail medical transcription services from TransDyne.Author:Renee KellySource: http://EzineArticles.com/

Medical Transcription Outsourcing-Convenient Solutions

Medical transcription has earned its place in the healthcare process by creation of patient records, converting the audio records of the patient-healthcare professional encounter into text format. This process becomes even more convenient when outsourced to a professional service provider.
What is meant by convenient services?

The word convenience has been defined as being favorable to the user’s comfort, suiting the purpose and needs of the end user. It has also been defined as accessible, fitting, appropriate, timely and suitable. It is important to assess whether these services fit all these criteria.

· Favorable to the users’ comfort: These services serve the needs of a healthcare facility at several levels. The primary beneficiary of quality patient records is the healthcare professional. Others who benefit from these services are the support staff, the administrative staff and the billing department. An efficient transcription vendor would serve the needs of all the users, by providing benefits like:

a) Familiar and flexible modes of dictation
b) Creation of patient records with maximum accuracy
c) Archives
d) Eliminating overheads
e) Keeping up the turnaround time commitments, enabling the billing process to start on time· Suiting the purpose and needs of the end user: The purpose of this exercise are:

a) Saving time of healthcare professionals and other staff
b) Providing specialty transcription based on the specialization of the healthcare professional with speed and accuracy
c) Reducing cost per line of transcription
Sourcing the right transcription vendor would fulfill all these objectives

· Accessible: Ensures the accessibility of services. It enables the healthcare professionals to avail services according to their time and volume constraints

· Fitting: Ensures that the services are tailored to suit the needs of different healthcare professionals. Requirements like turnaround time, templates, formats, modes of dictation, mode of document delivery and even fonts are included while designing the services

· Appropriate: One of the major requirements of healthcare facilities is protecting the sanctity of confidential patient information. Medical transcription service providers understand the need to protect the information and appropriate measures are taken to ensure protection of data at all stages

· Timely: Ensures that the creation of patient records take place in a timely manner. Not only this timely creation of patient records also helps quicken the receivables cycle

· Suitable: Provides suitable solution for the problem of shrinking budgets and increasing demands on the limited resources available to the healthcare facilities. It not only ensures lowering of transcription costs but also saves on the overhead costs of the healthcare facility towards in-house transcription

It can be concluded that outsourcing medical transcription is indeed a convenient solution for the documentation needs of a healthcare facility, as it fulfills all the criteria by being favorable to the user’s comfort, suiting the purpose and needs of the end user and by being accessible, fitting, appropriate, timely and suitable. However to benefit from all the advantages it is important to source, evaluate and choose the right service provider.Author:Quality MT Renee KellySource: http://articlenexus.com

Choosing A Best Medical Transcription Service California

Once you narrow your list of potential service providers to those that meet your requirements for turnaround time, accuracy, security, and outsourcing practices, it is time to compare them in more detail. The most effective way to do this is to simply try them out.

Many service providers will let you do a trial run at no charge - take advantage of this. There is very little overhead involved in setting up an account, so it is worthwhile to send a recording or two to each of the providers you are investigating. Some MT services may limit the length of these trial transcriptions, so do not expect complete transcripts of complicated diagnoses.

For each of these trials, pay attention to the details of how the provider works and results such as: How long does it take them to respond? Is the accuracy of the transcript close to 100%? Are their customer service reps helpful and friendly?

Of course the transcription provider will give your transcript a little extra attention because you are evaluating them, so you should expect top-notch service. However, you can get a useful sense of how each MT services compares in their reporting, communications, and response time.

Ask if you will have a dedicated team of Medical Transcription services California assigned to your account. One advantage to working with such a provider over the long term is that their services will become familiar with your practice, including each doctor tendencies and accent. It can also make sense to learn how long the average MT services California tenure is at the service; high turnover means you will need to constantly bring new MT services up to speed.

These MT services California has become specialists the same as doctors do: one MT service may be more familiar with radiology and imaging, while another specializes in arthroscopic surgery. Some services will let you request specific service with each set of notes you submit, which can be very useful for specialty practices.

Generally, transcription results are returned in fairly plain text formats. If you need your transcripts in more specific formats, look for a MT services California, who will work with you to develop templates, will use for all your transcripts. Finally, there are some well established and experienced MT service provider offers their services to their clients. For more information and details, please do not hesitate to visit their valuable website.

To know more about these services like medical transcription service, transcription service, medical transcription service san diego, medical transcription companies, transcription and medical transcription service california.please visit our website.Source:http://www.informationbible.com/