Outsourcing Revolutionize US Transcription Company Rates

Transcriptionstar offers best transcription services ranging from audio/ video transcription to Interviews, Media, Podcast, Business, Technical, Legal and Interview transcriptions. Call transcriptionstar on toll free 1-877-323-4707

PRLog (Press Release) - Apr 19, 2010 -
Transcriptionstar may not be the first company to outsource its work, but it most likely is one of the first to transfer the benefit of its savings to its customers.
Outsourcing is a concept which caught afire in the 90’s. Since then it has been a subject of constant evaluation and conflict. Outsourcing has gained notoriety in recent years because of the accelerating volume of job transfers overseas and the sudden vulnerability of high-tech and service occupations that were once thought immune to trade displacement.

But the benefits of outsourcing are sure to outweigh its drawbacks. Even today many businesses fail to completely understand the concept of outsourcing. Cost saving is just one of several benefits reaped. Outsourcing to low wage countries can provide you with the same service, the same quality but at a lesser cost. When you outsource, you can save on time, effort, infrastructure and manpower. Since you don't have to invest in infrastructure, you can also save on making unnecessary fixed investments and save on capital expenditure. Outsourcing can also help you economize on training costs, because you do not have to invest in manpower. By handing over all secondary responsibilities to outsourced companies, you are also able to concentrate on your core business and thus increase productivity and efficiency. The difference in time zone also ensures that your time bound requirements are met and you end up with competitive advantage.

Transcription star had been in the transcription business ever since the transcription industry was in its infancy. They have molded and modified their customer service to suit their customers. They even have flexible tailored packages to suit individual requirements.

One of the biggest benefits of Transcription Star is that unlike most US based transcription companies; they transfer the cost benefits reaped from outsourcing directly to their customers. This gives their clients a huge cost advantage as their prices are 40% to 50% less than that of local transcription companies.
The gaining popularity of Transcription Star’s services is proof of their commitment to quality service and accurate product.

They provide transcription services for audio, video with embedding and captioning, television shows, podcasts, legal transcriptions, academic transcriptions, subtitling for films and many more services. For more information visit www.transcriptionstar.com
Author: alfred smith
Source:http://www.prlog.org/

Outsourcing Transcription to Offshore Providers - Key to Reducing Healthcare Costs?

Outsourcing medical transcription work to offshore service providers has proven extremely effective in reducing overall transcription costs of individual health practitioners, clinics and hospitals. Organizations who outsource their work to offshore transcription providers save anywhere from 40 to 70 percent of the cost compared to doing the transcription in-house, or utilizing U.S.-based medical transcriptionists.

The other important advantage is that aside from the cost savings, there is the important aspect of a significant increase in quality of transcribed work because of the multiple editing and quality assurance steps built into the processes of offshore transcription providers, unlike U.S.-based individual transcriptionists which are primarily one-person operations. With outsourced transcription, you have an entire transcription organization servicing your needs: transcriptionists, editors, quality assurance specialists, efficient organizational processes.

The cost savings are possible because of the availability of highly-skilled, low cost medical graduates in prominent outsourcing destinations such as India and the Philippines. Based on a salary survey report for medical transcriptionists conducted by Payscale, the median salary for hospital-based medical transcriptionists is around $31,287 per annum, or approximately $2,600 per month. In contrast, the average salary of a medical transcripionist in the Philippines, based on an online salary survey conducted by Jobstreet, the leading online job portal of the Philippines, is a maximum of $280 per month! This is 89 percent cheaper compared to the salaries of their U.S. counterparts. Even if you factor in the supporting quality check personnel, Philippine-based service providers still offer significant savings compared to U.S.-based transcriptionists. To illustrate:

* A Philippine-based transcriptionist earns $280 per month
* The support costs (salaries of editors, quality assurance specialists, admin, office costs, utilities) are more or less equivalent to effectively $300 per transcriptionist
* Assume that the medical transcription service organization marks up by around 30%, therefore, you add another $174 per transcriptionist per month representing profits of the service organization.
* Combine the three items and you get a figure of $754 per transcriptionist per month cost, significantly lower versus U.S.-based costs.
* Compare this $754 per transcriptionist per month cost for outsourced transcription with the $2,600 per month salary of U.S.-based medical transcriptionists, and you get savings of $1,846 per transcriptionist per month, or 71 percent in potential savings!

The forecast U.S. medical transcription spending in 2010 is around $16.8 billion. Currently, only 40 percent of U.S. transcription work is outsourced to offshore providers. Outsourcing the remaining 60 percent transcription work to offshore providers represents a significant cost savings opportunity. Outsourcing this remaining 60 percent of the work to offshore providers, therefore, represent possible savings equivalent to $6.2 billion per year ($16.8 billion x balance 60% outsourced x 60% cost saving). Outsourcing transcription work, therefore, is a significant opportunity for reducing U.S. healthcare costs.Author:Arthur Policarpio
This article is written by Mr. Arthur Policarpio, President and CEO of Leadscribe Transcription Company, one of the leading transcription outsourcing companies based in the Philippines. He is also the President and CEO of Snapworx, Inc., a leading digital marketing agency based in the Philippines.
Source: http://EzineArticles.com/

Outsource medical transcription to enjoy several benefits

Medical transcription is a process of transcribing or converting voice reports dictated by doctors and health practitioners in to medical files or text formats. In order to save time and money, a lot of healthcare companies prefer to outsource medical transcription to medical transcription companies.

The medical transcription companies comprise a team of trained and experienced medical transcribers, proofreaders and quality analysts. They use the latest tools and techniques like high-end dictation equipment, and dedicated servers to offer highly accurate, reliable and fast medical transcription services to hospitals and clinics. Medical transcription services are generally offered for a wide range of health care services such as cardiology, radiology, pediatrics, gastroenterology, internal medicine, podiatry, chiropractic and lot more.

Medical Transcription outsource allows hospitals and clinics to enjoy considerable savings. They are no longer required to spend a huge amount of money for training the manpower for transcribing and for buying the necessary dictation equipments and other related infrastructure.

Further, with the help of professional medical transcription service providers, healthcare providers are able to improve their efficiency and offer high quality healthcare services to their patients. Medical text files are required not only for efficient patient treatment, but also for processing of medical insurance claims. With the assistance of the medical transcription experts, the doctors are able to speed up the turn-around time and enable their patients to get the health insurance claims for timely and proper treatment.

If you are a healthcare service provider and want to enjoy these and several other advantages, just outsource medical transcription today to a leading medical transcription outsource company. There are dozens of companies out there who provide professional services at competitive rates.

For the best medical transcription services, you may consider Mediclab. It is one of the leading online healthcare company that offers reliable and efficient medical transcription services. Mediclab has a team of highly qualified and trained personnel who deliver the medical reports in the exact file/format as required by their clients.

Further, this medical transcription outsource company offers several services like Emergency Room Transcription, Cardiology Transcription, Radiology Transcription, General Surgery Transcription, Gastroenterology Transcription, Chiropractic Transcription, Surgery Transcription, Internal Medicine Transcription, Physical Medicine Transcription, Plastic Surgery Transcription, and Maxillofacial Surgery Transcription.

As well as the medical transcription services, Mediclab also provides healthcare consulting and expert medical advise and solutions for alterative medicines, weight management, advise for nutritious food, tips for fitness regimen, and much more.

For complete details, please visit them at.mediclab.infoAuthor:John PeterSource:http://goarticles.com/

Medical Transcription Outsourcing And Healthcare

Healthcare is an essential service that has to be patient-centric to be effective. To be patient centric healthcare services need to be

· Transparent
· Individualized
· Respectful
· Preserving the dignity of the individual
· Offering choices to matters related to the treatment of one’s person, within reason
· Confidential

Healthcare facilities draw inputs from various sources to achieve this end. There are many contributors to making the healthcare process successful and profitable. One of the elements that contribute to the success of the healthcare process is information. Information that is in the form of patient records including:

· Demographics
· Pre-existing health conditions
· Current medication
· Medical allergies
· Family health history
· Habits that affect health
· Details of previous encounters
· Progress
· Test/x-ray/scan results
· Physical symptoms

The above information helps healthcare professionals in making informed decisions regarding the patient’s health and in formulating treatment plans. Medical transcription aids in the process of creating patient records by transcribing the audio records of the patient-healthcare professional encounter as narrated by the healthcare professionals into text format.

However the process of creating patient medical records is a specialized skill requiring a lot of resources, focus and competence. Outsourcing this process to a professional service provider is one of the most effective, efficient and economical methods of creating patient records.

Outsourcing of medical transcription services should be done after a process involving the careful selection of a transcription vendor who can tailor their services to the specific needs of the healthcare facility. Once the right service provider has been chosen, there are numerous advantages of outsourcing including:

· Accuracy: It is very important to document the patient-healthcare professional encounter as accurately as possible. The accuracy level of the patient records is maintained due to the following factors:

a) Multi level quality checks: A professional transcription vendor would try and maintain the accuracy of the transcripts by having stringent quality checks to ensure minimum error rate

b) Trained team: A continuous process of recruiting and training transcriptionists would ensure abundant, qualified teams. Moreover specialized training techniques like training in one or two specialties helps enhance the accuracy level in the transcripts

· Speed: Information in the patient records not only needs to be accurate, but also needs to be available on a timely basis. Outsourcing ensures that patient records are transcribed within an optimum turnaround time. The service provider can maintain turnaround time due to the following factors:

a) Enormous pool of transcriptionists: A large pool of well-trained personnel for transcription would be available on a regular basis. Due to this the turnaround time of transcripts would be unaffected by factors like absenteeism, shift changes etc.
b) Technology: Use of the right technology by the service provider can speed up the process of transcription by having features like flexible modes of dictation, automatic upload and download etc. speeding up the process of transcription
c) Total focus: Medical transcription is the core activity of the service provider, this means that all the resources of the medical transcription service provider are focused on providing timely and accurate services

· Savings on cost: One of the main benefits of outsourcing is that of huge savings on cost of transcription to the healthcare facility. The cost of transcription is reduced by at least 40% and is limited to the cost per line of transcription. This is possible due to the following factors:

a) Economies of scale: Having to deal with huge quantities of helps the service provider to optimize the production process reducing costs. The benefits of this are passed on to the healthcare facility
b) Billing methodology: The billing method used can make a lot of difference to the cost of transcription. The billing method used should be measurable, verifiable, definable consistent, fair and honest
c) Savings on idle capacity/overtime: Availing specialty services ensures that the healthcare facility pays only the price per line. Factors like extra expenses on overtime for weekend and holiday transcription, and wastage due to idle capacity are eliminated

· Technology: Technology plays a huge part in the process of medical transcription by providing the following benefits:
a) Multiple utility: Technology adds value by having many time saving utilities that ease the life of healthcare professionals and support staff
b) Easy to use: The use of the right technology ensures that not only do healthcare professionals get multiple benefits but also ease of use
c) Security: Technology has a large role in securing confidential patient information during the record creation process

· Security: Outsourcing ensures that confidential patient information is secure during the process by securing the following:
a) People
b) Processes
c) TechnologyAuthor: Expert MTSource:http://www.articledashboard.com/

Outsourcing Transcription: High excellence Medical Transcription Services

In last few years, medical transcription services have become one of the fastest growing parts. The demands of medical transcription services are increasing at rapid cost. Basically transcription is the process of transcribing the recoding medical record by physicians or any healthcare professional in to soft copies.

Varieties of medical transcription services avail with different specialties in medicine. As medical transcription is growing today wide range of practices and organizations that provides medical transcription services with their best experienced.

Many organizations like healthcare facilities, hospitals, laboratories, clinics, individual doctors and physicians' groups need medical transcription services. Many of the medical transcription companies are outsourcing their requirement to offshore centers.

In today's businesses world, many hospitals require their recorded data it to be in digital format. For this reason that the need has happen for people to translate doctor's oral reports into digital documents.

Lots of business groups or organizations that need to think more on their core activities, turn to the ideal option of transcription outsourcing. Hence, increase probability to meet their assignment grave requirements.

There for to provide error free documents to clients or company appoint expert and trained medical transcribing professional who have vast knowledge with all the medical terminologies. They provide vast amount of medical transcription services.
Various Medical Transcription Services like:

• Room Transcription
• Transcription
• Transcription
• Transcription
• Transcription
• Surgery Transcription
• Surgery Transcription

Specialized professional medical transcriptionists help in transcribing patients' physical reports, clinical notes, operative reports, consultation notes, autopsy reports, psychiatric evaluations, laboratory reports, X-ray reports, referral letters, and discharge summaries.
Benefits of outsourcing Medical Transcription services:

• transcription services
• reduce transcribing cost and time
• and accurate transcription services
• with latest technologies
• oriented services

Medical transcription services can consistently give you the combined unique experience of 99% accuracy, data security, and absolute privacy for your records and documents.

Outsourcing Transcription Services provide cost effective, high quality, 99.99% accurate transcription services in time. Our aim is to deliver excellent outsourcing transcription services at low rates. Our skilled and professional team provides you high quality outsourcing medical transcription services.

Do visit at http://www.outsourcingtranscriptionservices.com/ to know more about outsourcing medical transcription and various outsourcing transcription services and or avail our services.Author:transcriptionSource:http://www.a1articles.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