Medical transcription outsourcing: Smart business decision

Healthcare has always played an important role in defining the quality of life. In fact it is considered one of the basic necessities of life along with other essentials like air, water, food, clothing and shelter. Though healthcare is one of the necessities of life it is also a business. Like any other business the goal of healthcare facilities is to improve the bottom-line.

The process of healthcare depends on a lot of inputs that help in delivering quality healthcare. Of these inputs some inputs are part of the core skills that are essential to the process of healthcare like the education, skill and experience of the healthcare professionals, the support staff skills, the surgical implements, laboratory facilities etc. But there are also other factors that affect the delivery of quality healthcare, one of them being information in the form of patient records. The process of creating patient records by conversion of audio files of the patient- healthcare professional encounter into text format is known as medical transcription. Though medical transcription plays an important part in the delivery of healthcare and quickening the reimbursement process, it is not part of the core business of the healthcare facility. In fact medical transcription is an expense head.

Outsourcing medical transcription is a smart solution to ensure that patient records are created in a speedy, accurate, cost-effective and secure manner. Outsourcing medical transcription is not only an effective, efficient and economical way of creating patient records it has many other advantages. Some of the advantages of outsourcing medical transcription are as follows:

• Increased focus on core business: Outsourcing medical transcription allows both the healthcare professionals and the support staff at the healthcare facility to focus on the core business of providing quality care

• Curbs capital investment: The process of medical transcription requires capital investment on computers, servers, furniture, earphones and other transcription equipment. This can be avoided by outsourcing the entire process of medical transcription

• Controls costs: Outsourcing medical transcription ensures that the cost of transcription is not only reduced dramatically, but also ensures that the cost is restricted to the cost per line of transcription

• Improved efficiency: Outsourcing medical transcription ensures that the flow of audio files being converted to patient records is automatic and speedy. This improves the efficiency of the healthcare professionals and the support staff in providing timely treatment

• Lowers the cost of overheads: Outsourcing medical transcription ensures that the cost of overheads like rent, utilities, cost of information technology, and even resources like management and administrative staff is reduced

• Benefits from best practices of the service provider: Medical transcription is the core business of the service provider, this means that the healthcare facility can benefit from the experience and the best practices of the service provider

• Reduces payroll: Outsourcing medical transcription helps the healthcare facility lower payroll costs. The salaries and other benefits paid to the transcription team can be avoided

• Creates value: The systems used by the medical transcription service provider adds value to the service by enabling the healthcare professionals and the support staff to maximize the use of their time and providing service with additional benefits like flexible modes of dictation, remote printing & faxing etc.

• Reduces burden of support staff: By having systems in place that enable tracking of dictation and finished transcripts, the medical transcription service provider reduces the burden of the support staff to a great extent

• Benefits from the technology used by the service provider: The technology used by the medical transcription service provider can lessen the burden of the healthcare facility to a large extent by enabling a huge number of features including integration with the EMR system. 

Medical transcription can play an important role in the smooth running of the healthcare facility in many aspects, both operationally and commercially. Therefore it is important to choose a medical transcription service provider who can provide maximum benefits in a cost effective manner.

TransDyne offers smart solutions for medical transcription needs by providing quality medical transcription at reasonable prices, executed by experienced and qualified medical transcriptionists with a very quick turnaround time executed through secure HIPAA and HITECH compliant channels, with very high levels of accuracy and all this with technology that is advanced but easy to use!               

For more details about the advantages of outsourced medical transcription services by TransDyne, click here.