One of the key considerations in any business decision is the revenue and the health management sector is no different. In fact in the healthcare industry there is a relentless tussle to decrease expenditure and accelerate revenues. Sub contracting online medical transcription can assist healthcare practices in both these areas.
How does outsourcing healthcare transcription assist optimize on costs?
Online medical transcription has been an integral element of health management by transcribing patient records, which fulfill numerous purposes. Patient transcripts perform a vital role in the below given:
- Ensures the basis of further care
- Offers details on the improvement of treatment
- Acts as proof in case of risk management
- Forms the foundation of coding and billing leading to reimbursement
- Basis for referrals to other physicians
- Satisfies statutory requirement of maintaining patient records
Though healthcare transcription is crucial for the effortless overseeing and the economical health of health facilities it is not an element of the main business of healthcare facilities. And because medical transcription is the exercise of creating vital inputs like patient records it requires time, concentration, capital outlay and ability that could dilute the focus of healthcare practices from their main business of delivering standard medical care.
Medical transcription is obligated to be timely, correct and HIPAA compliant; to make certain of the effortless managing of healthcare facilities. To ensure this healthcare facilities would have to set aside a considerable part of their overheads and this would effect in online medical transcription being very pricey.
Contracting out online medical transcription provides the ideal solution to restrain expenses and makes certain that all criteria are maintained. An expert online medical transcription company would ensure:
Quality of above 99%: It is critical that the particulars recorded in patient reports are as exact as probable. To a considerable extent accuracy relies on the skills of medical transcriptionists. The expertise of medical transcriptionists in turn counts on the service provider having a stringent selection plan and a thorough training program. By contracting out medical transcription healthcare practices fundamentally outsource all these activities. The competence of details transcribed in patient records is maximized because of the perpetual endeavors of the service provider to hire the best talent and train them to be specialists
Turnaround time of 24 hours: Other than from accurate particulars, the other major aspect is that creation of patient transcripts should be quick. This not only assists the health professionals deliver quality care but also helps speed up the fund flow of the health facility, as medical transcription is the foundation for the coding and billing cycle
HIPAA compliance: Keeping up the confidentiality of patient details is not only mandatory by law but is the foundation of the patient-physician relationship. Outsourcing healthcare transcription ensures that the medical transcription company provides adequate measures to ensure HIPAA compliance of details during every juncture 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 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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