One of the major aspects in any commercial decision is the bottom-line and the health management industry is no different. In reality in the healthcare sector there is a constant effort to diminish expenditure and hasten cash flow. Sub contracting medical transcription can aid health facilities in both these aspects.
How does outsourcing online medical transcription help optimize on expenses?
Online medical transcription has been an integral part of health management by creating patient transcripts, which meet various purposes. Patient transcripts play a vital function in the below given:
- Offers the premises of further care
- Provides information on the improvement of treatment
- Acts as substantiation in case of litigation
- Becomes the basis of coding and billing leading to payment
- Foundation for referrals to other physicians
- Meets governmental responsibility of maintaining patient reports.
Though healthcare transcription is essential for the smooth managing and the economical health of health facilities it is not an element of the main business of health facilities. And because medical transcription is the practice of making vital components like patient transcripts it requires time, focus, capital outlay and skill that could dilute the concentration of healthcare practices from their most important business of providing competent healthcare.
Medical transcription is required to be prompt, correct and secure to ensure the smooth running of healthcare facilities. To make certain of this healthcare practices would have to set aside a large portion of their assets and this would outcome in online medical transcription being very costly.
Contracting out medical transcription ensures the perfect answer to curb expenditure and ensures that criteria are maintained. A specialized healthcare transcription company would ensure:
Accuracy of above 99%: It is important that the particulars transcribed in patient records are as exact as possible. To a sizable degree quality counts on the skills of medical transcriptionists. The ability of medical transcriptionists in turn relies on the medical transcription company having a rigorous screening plan and a detailed training program. By contracting out healthcare transcription health facilities essentially outsource all these activities. The caliber of details recorded in patient reports is excellent due to the relentless efforts of the medical transcription company to hire the top-notch talent and train them to be specialists.
Delivery time of 24 hours: Apart from correct details, the other main aspect is that formation of patient records should be prompt. This not only helps the physicians provide competent care but also helps accelerate the revenue of the healthcare practice, as healthcare transcription is the foundation for the reimbursement process cycle.
Security: Keeping up the HIPAA compliance of patient details is not only mandatory by law but is the foundation of the patient-healthcare professional relationship. Outsourcing healthcare transcription makes certain that the medical transcription company provides adequate measures to make sure of HIPAA compliance of details during every phase of transcription.
Technology that is effortless to utilize: Medical transcription services are aided and enhanced by use of technology. Software and tools not only speeds up the process and ensures for confidentiality, it also makes certain that healthcare professionals and support staff profit from multiple provisions like flexible modes of capturing dictation, preprogrammed transfers & retrievals, archiving, HL7 interface, remote printing and faxing etc.
Lesser costs: Subcontracted medical transcription makes certain restricting of expenditure in two certain ways. Sub contracting makes certain that the expense of transcription comes down by 40% to 50% ensuring savings. Contracting out also ensures that all indirect costs like overheads & utilities etc are also reduced.
TransDyne, a leader in the subcontracted online medical transcription industry delivers adapted solutions to the healthcare transcription needs of health facilities. TransDyne offers quality healthcare transcription at economical prices, performed by knowledgeable and qualified transcriptionists with a very quick turnaround time performed through secure HIPAA and HITECH compliant channels, with maximum levels of quality and all this with information technology that is advanced but easy to operate!
To avail complete medical transcription services from TransDyne, click here.
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