Transcription has played a critical input in the procedure of medicine by enabling record the patient-healthcare professional meeting. Voice transcription is also the first step in the method of reimbursement as it gives] the premises for coding and billing.
In a time where healthcare practices are grappling with diminishing earnings and galloping costs, contracting out medical transcription is a simple solution to restrain costs of medical transcription. Apart from curtailing costs sub-contracting transcription can assist the healthcare practice augment efficiency and make better services.
How does sub contracting transcription help increase efficiency?
Contracting out transcription enables boost productivity of the healthcare facilities in the following areas:
Enhancing report accessibility: Contracting out voice transcription curtails the burden of the healthcare practice support staff, by making an orderly system for collection of audio records, uploading dictation, distribution of finished reports and providing additional provisions like electronic signature, remote printing & faxing etc. contracting out voice transcription also helps in tracing files through an efficient system, empowering the support staff to monitor the status of work in progress, at any given time. Access to patient reports is also improved by use of resourceful archiving systems
Saving on assets: Sub contracting transcription frees up vital resources of the healthcare facility like real estate, capital expenses on transcription equipment, office space, software and tools staff, administration resources and working capital. These overheads can then be used towards the most important business of the healthcare facility, thus making better productivity
One stop solution for medical transcription needs: Outsourcing voice transcription makes certain that the company is a one stop for all the hassles connected with voice transcription. This would include variation in transcription volumes, holiday & weekend transcription, addition of new specialties, addition of new report formats/templates, integration with EMR/EHR, and HIPAA & HITECH concerns for security of data during the transcription method
Quickening funds flow: Contracting out medical transcription makes sure that medical transcripts are created on time. This make certain that the first step in the receivables management takes place on time. This in turn empowers hasten the reimbursement method. Quickening the coding and billing cycle enables the funds flow and helps the healthcare practice to perform efficiently
How does outsourcing voice transcription assist enhance services?
Makes better accuracy of records: Sub contracting voice transcription has added plus points like transcriptionists trained in specialties, various accuracy checks and the past experience & know-how of the vendor in serving varied health facilities enables enhance the accuracy of transcripts. The made better quality of the information in the patient reports enables the health facility enhance competence of services by helping healthcare professionals make informed decisions
Enhanced turnaround time: Sub contracting transcription make certain that medical records are created on time. Having the correct data on hand in a timely basis empowers physicians improve quality of services to patients
It can be established that contracting out transcription provides a variety of plus points to the healthcare practice. To gain from the advantages of contracted out transcription, it is important to study the specific needs of the healthcare facility and source a transcription service provider who can give services accordingly.
The abilities of the medical transcription vendor ought to be determined on the following parameters:
Accuracy: This implies the percentage of correctness of the completed reports vis-à-vis what was dictated. A minimum of 99% and above would be ideal.
Delivery time: Turnaround time refers to the time taken to revert the completed record to the health facility. A delivery time of not more than 24 hours for normal records and 4-12 hours for STAT transcripts would be considered ideal.
HIPAA compliance: The company being contracted out to should be HIPAA and HITECH compliant. The medical transcription company has to have sufficient confidentiality measures to make sure that the secure information transmitted back and forth is safe and confidential.
Costing: Curtailed expenditure is one of the key advantages that a healthcare facility hopes to have, from the contracting out choice. Costing should be fair and economical for the services provided. Costing method should also be clear and easy so that both parties can verify the same at any stage of the process
Technology: The technology utilized by the transcription vendor should not only be secure but should also be simple to use, without having to require extensive training.
TransDyne provides caliber medical transcription at cost-effective rates, performed by experienced and qualified transcriptionists with a very quick delivery time carried out through secure HIPAA and HITECH compliant channels, with very high levels of accuracy and all this with information technology that is advanced but simple to use!
To obtain complete transcription services from TransDyne, click here.
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