Medical transcription outsourcing: Increases efficiency and reduces costs

The role of accurate and timely information in the process of healthcare is undeniable. Medical transcription is the process that assists in creation of patient records ensuring that healthcare professionals have the requisite information by converting audio records of the patient-healthcare professional encounter into text format. However to make the process of medical transcription cost effective and efficient one needs to choose the right option. There are many options available to the healthcare facility for availing medical transcription, like having a team of medical transcriptionists in-house, Independent contractors or by outsourcing to a professional medical transcription service provider.

Though other options for availing medical transcription have some benefits, outsourcing medical transcription has been found to be best way for the healthcare facility to contain costs and increase efficiency.

How does outsourcing medical transcription contain costs?

Reduces cost per line of transcription: Outsourcing medical transcription has the benefit of limiting the cost of medical transcription to just the cost per line of transcription. There are no hidden charges or indirect costs. This makes the cost per line of transcription economical

Eliminates the need for capital investment for medical transcription: The process of medical transcription requires a certain amount of capital expenditure by way of computers, servers, furniture, headsets etc. Outsourcing medical transcription eliminates the need for investment in capital equipment

Reduces the cost of utilities: The cost of utilities like electricity, stationery etc towards the transcription process would be eliminated by outsourcing medical transcription

Eliminates cost of IT towards medical transcription: Executing medical transcription in-house would mean a substantial outlay towards information technology expenses. Outsourcing medical transcription minimizes this investment

Reduces cost of weekend and holiday medical transcription needs: Medical transcription needs of a healthcare facility are not predictable, outsourcing ensures that the varying medical transcription needs of the healthcare facility are provided for without incurring any extra expenses

How does outsourcing medical transcription increase efficiency?

Streamlining turnaround time: By outsourcing medical transcription the healthcare professionals would be ensured of a guaranteed turnaround time. This would ensure that the information needed by the healthcare professional would be readily available for reference as required. This would help increase the efficiency of the healthcare professionals and the support staff

Increased accuracy: Outsourcing medical transcription to a professional service provider would ensure that patient records are created with maximum accuracy. This would ensure that integrity of the information would be preserved thus increasing the efficiency of the healthcare professionals

Advanced technological features providing added benefits: The technology used by the medical transcription service provider, affords healthcare professionals and the support staff with innumerable benefits like automatic uploads and downloads, archiving, remote printing and faxing etc adding up to efficient work flow

Enabling better use of healthcare professional and support staff time: Medical transcription services that are accurate, timely, secure and technologically advance help the healthcare professionals and support focus more on providing quality healthcare rather than other tasks

Accelerating the receivables cycle: Outsourcing medical transcription ensures that patient records are created on time. This in turn ensures that the process of reimbursement takes place on time, thus improving cash flow and the efficient working of the healthcare facility

Outsourcing medical transcription to the right medical transcription company can reduce costs and improve efficiency. TransDyne, a leader in the outsourced medical transcription industry offers customized solutions to help healthcare facilities reduce costs and improve efficiency.

TransDyne offers 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.