Healthcare is an essential service – one that is involved in managing the health of the people, providing preventive care and even managing fatal conditions. Though by nature healthcare is a service that is aimed at the welfare of the people it is far from being a non-commercial operation. Apart from the ability to provide quality care the underlying factor that contributes to the success of healthcare facilities is proper management of revenues. Maintaining a healthy revenue flow, managing expenses is an important aspect for the success of healthcare facilities.
The revenue cycle of a healthcare facility involves various stages; it starts when the patient approaches the healthcare facility for healthcare services and ends with reimbursement from the Insurance provider along with the collection of co-pay from the patients. One of the important steps in this revenue cycle is documenting the care process in complete detail. A detailed patient medical record is not only the premise for providing care, establishing the provision of appropriate care for risk management but it also lays the foundation for coding and billing leading to collections.
Medical transcription is one of the methods of documenting the care process that helps in efficient revenue management, especially when outsourced to a reliable and competent medical transcription company.
There are many factors that make healthcare documentation using medical transcription services an efficient, effective and economical method, some of which are given below:
Medical transcription ensures prompt services: Outsourcing medical transcription ensures that the transcription process takes place on time without any undue delays. This in turn ensures that the patient medical records are available on a timely basis for the coding and billing process to take place.
Medical transcription ensures accurate information: The accurate information in patient medical records is essential for proper coding and then billing to take place, Outsourcing medical transcription ensures that each transcript is transcribed by medical transcriptionists who are domain experts, this ensures maximum accuracy, which in turn enables better revenue management.
Medical transcription ensures complete documentation including the narrative: Documenting the care process using the services of a professional medical transcription company ensures that the narrative portion of the record is also included in the document ensuring that coders and billing staff have access to complete information.
Medical transcription is the healthcare professional preferred method of documenting the care process: As dictation- transcription is the healthcare professional preferred method of documenting the care process, it ensures that creation of patient medical records automatically happens according to the convenience of the healthcare professionals. Timely and proper creation of patient medical records encourages faster reimbursements
Medical transcription supports adoption of EMR/ EHR: Apart from actually improving the quality and speed of patient medical record creation, medical transcription companies also help in adoption of EMR/ EHR. They provide options like structured dictation, structured transcription, and discrete reportable transcription, editing & proofreading services for speech recognition software and HL7 interface.
It can be concluded that outsourcing medical transcription ensures not only better revenue management but also help save on cost of transcription.
TransDyne, a leader in the outsourced medical transcription industry has used their extensive background in information technology and their experience in serving the needs of the healthcare sector to provide affordable and integrated medical transcription solutions.
Among the software and tools offered by TransDyne for transcription, the smart delivery system has a large role to play in easing the path to EMR/EHR adoption The Smart Delivery system, which has features like User defined folder paths to enable easy imports to EMR systems is the suggested mode of document delivery where pre-defined file saving would help import documents to EMR systems. Apart from this TransDyne also offers discounted rates for those healthcare facilities that provide demographic data entered in the EMR rather than through other modes.
Along with medical transcription services involving multiple level quality checks to ensure accuracy, the use of the right technology for ease of use, turnaround time and security, at reasonable rates, TransDyne also provides discrete reportable transcription for adoption of EMR/ EHR
To avail complete medical transcription services from TransDyne, click here.
No comments:
Post a Comment