Medical transcription outsourcing: Helps improve reimbursements and reduces risk of litigation

The healthcare process is the culmination of the qualification, skills, experience, equipments, drugs, procedures and information from various sources. The medical transcription process plays an important role in the healthcare process by capturing the details of the patient- healthcare professional encounter to create patient records.

One way to make the medical transcription process more efficient, effective and economical is to outsource the entire patient record creation process to a professional medical transcription service provider. This ensures that patient records are created on time, with maximum accuracy, within reasonable prices and with maximum security. Outsourcing medical transcription also adds value to the process by easing the life of healthcare professionals using the right technology that offers multiple features and benefits with ease of use.

Apart from the above-mentioned benefits, outsourced medical transcription can aid in the following:

1. Speeding up the receivables cycle: Medical transcription is the first step in the receivables cycle. The data captured in the patient record is the foundation for coding and billing, which leads to reimbursement. By maintaining standard turnaround time, outsourced medical transcription quickens the process of reimbursement.
2. Optimize reimbursement potential: Medical transcription also aids in optimizing the reimbursement process by making sure all the details of the patient-healthcare professional encounter are captured completely and accurately. This ensures that none of the steps in the treatment procedures are missed out ensuring that nothing is missed while coding and billing. To ensure that all details are captured it is also important for the healthcare professional to dictate the patient encounter in its entirety. Outsourced medical transcription ensures this by allowing healthcare professionals to retain familiar modes of dictation.
3. Protection against litigation: Detailed patient records form an important part of evidence in case of litigation. Outsourced medical transcription ensures this by maintaining both accuracy and turnaround time. Moreover healthcare facilities also face the risk of litigation due to violation of HIPAA/HITECH by failing to protect confidential patient information. Outsourcing medical transcription aids in preventing this by protecting the data at all stages during the process of medical transcription.

It can be seen outsourcing medical transcription has advantages beyond just the obvious. Outsourcing medical transcription ensures accuracy, turnaround time, cost saving and security of data it also has numerous other benefits that benefit the healthcare facility by accelerating the receivables cycle and protection against litigation.

However while outsourcing medical transcription it is important to evaluate the medical transcription service provider on various factors.

TransDyne, a leader in the outsourced medical transcription industry offers total solutions to suit varying need of different of different kinds of healthcare facilities. TransDyne has teams of medical transcriptionists who are trained in different specialties, making them domain experts. This ensures that TransDyne can cope with medical transcription for any specialty with an accuracy level of above 99%. TransDyne offers a turnaround time of 24 hours with an option of a turnaround time of 4-12 hours for STAT files.

TransDyne has the technical capabilities to integrate with the existing systems of healthcare facilities, requiring no additional investments. TransDyne offers medical transcription for weekends and holidays, and has people and systems in place to cope up with varying volumes of transcription. TransDyne has software and tools that offer additional features like archiving, remote printing & faxing among other benefits. TransDyne ensures security of confidential patient information, by securing people processes, infrastructure and technology

To avail the benefits of outsourced medical transcription services by TransDyne, click here.