Medical Transcription Service Company

The possibility of gaining attractive savings is an aspect that attracts clinics, hospitals, other healthcare practices and individual physicians to outsourced medical transcription. The affordable cost is supported by expert talent, speed and precision that is hard to find in one’s own practice. The 24 hour turnaround is also impressive. This article takes a look at competitive pricing offered by healthcare transcription outsourcing companies – factors that influence it, the savings calculator and the free trial from where the partnership between the healthcare practice and the service provider begins or ends.

Factors Influencing Medical Transcription Pricing

You should only outsource to a vendor who can guarantee you a minimum savings of 30 percent on operating costs. The common method of pricing is based on the 65 character line including spaces. If the client prefers, the pricing can be done based on characters. Factors that influence the cost are:

• Volume of transcription required
• Medium of dictation – Dictaphone, toll free, personal computer or other means
• Quality of recording
• Media receipt and delivery
• Document management flow system
• Upload frequency
• Equipment rentals
• Specialty requirements
• Disc backups
• Turnaround time

The final proposal may depend on factors such as kind of dictation, technology problems, ramp up periods, reassignment of personnel and outsourcing segments.

Savings Calculator

It is not uncommon for medical transcription outsourcing companies to offer possible clients use of their savings calculator so that they can calculate themselves how much they would have to pay for their requirements. If the clients know the cost in advance, they can assess whether they really would get considerable savings by outsourcing to that particular service provider.

Free Trial

Always ask for a free trial if you are trying to choose between different transcription service vendors. The completed project would give you an opportunity to assess whether or not the accuracy and quality is up-to-the-mark. If not, you just have to try the free trial of another service provider.

Please Note

When assessing a service provider with respect to privacy, look for transparency, fairness, flexibility and customization. Make sure the company you outsource to, having given you the assurance of affordability, doesn’t end up imposing hidden charges on you. To be safe, just ask the company if they have any additional charges which they have not already spoken to you about, before outsourcing to them.

Other Cost Related Benefits

Some of the other benefits you can look forward to from an established healthcare transcription company are volume discounts and no set-up charges.

How Do You Really Save on Operating Costs?

It is actually because the burden of software, manpower, technology, capital, training and management for your transcription requirements would be on the shoulders of the service provider. They would not be at a loss because they would be using the same resources to serve multiple clients associated with multiple medical specialties. These multiple clients would be sharing in the service provider’s transcription related operating expenses.

Value for Money Industry

The above is an overview of the competitive pricing associated with outsourced medical transcription. Considering the wide range of benefits that the industry offers to the healthcare fraternity, it’s true value for money.

http://www.medicaltranscriptionservicecompany.com/medical-transcription/los-angeles-medical-transcription-services.phpIf you know how medical transcription services can help you, you’ll understand why outsourcing of this back office process is actually not a bad idea. Whether you are an individual physician, or practice at a clinic or multi-specialty hospital, you’ll find these services deserving of your time and money. You can outsource transcription for any kind of medical specialty or medical record because of the extensive expertise you will be able to tap.

Medical Transcription Services – the Benefits

• 99 Percent Accuracy – This accuracy level is difficult to consistently achieve in-house. Such high accuracy would ensure that your patients’ medical records are interpreted in the proper manner and that the patients are provided with the most suitable treatment. Accuracy would also protect your reputation or that of your healthcare practice. Thirdly, an accurate medical record is credible proof in your favor in a case of medical malpractice.

• HIPAA Compliance – The staff of superior medical transcription outsourcing companies undergo periodic HIPAA training and monitoring for HIPAA adherence. Besides that, they would have signed documents stating they would maintain confidentiality and privacy of the information they handle.

• Reduced Responsibilities Free Up More Time for Patient Welfare – When the back office task is outsourced, you don’t have to spend time and resources on employing, training and paying transcription staff. You also don’t have to take efforts for quality control in this area. This would leave you with more time to dedicate to patient welfare.

• Cut Costs – Using expert medical transcription services means you don’t have to spend money for recruitment, training, software, equipment and salary requirements of transcription staff. That would bring down the operating costs considerably. You would also benefit from a lower per line rate, volume discounts and no set up costs.

• The Benefit of Offshore Service Locations – If the outsourcing solution provider gets the work done from offshore locations such as India or the Philippines, it is an additional benefit for you. The time zone differences would enable you to function like a 24/7 practice (you delivering healthcare during your regular working hours and them performing the back office task in the night hours that are actually day hours for them). In addition, these offshore destinations are a source of skilled yet low cost manpower. This means reduced operating costs.

• Flexibility – This flexibility can be observed in dictation and file transfer options, formatting, turnaround and choice of international or local transcription.

• Eliminates Backlog – When performing transcription in-house, there is the problem of staffs’ leave and holidays which can lead to backlog. This situation can be countered or avoided by outsourcing.

• Online Editing – You can view files and edit them even when transcription is in progress.

• Easy to Access Old Reports – You become a password protected user who can easily access reports that had been transcribed maybe a couple of months or a year earlier, through a secure medium.

Use the Free Trial

Now you know how medical transcription services can help you. You can evaluate whether a particular service provider is good for you by making full use of their free trial.

"Why outsource medical transcription tasks?” This is a question a physician considering outsourcing and yet hesitating to do so, may have in mind. Outsourcing has become a popular option in the present globalized world, with businesses and organizations having easy access to expertise in any part of the world on a 24X7 basis. The numerous tangible benefits offered by outsourcing services have ensured that outsourcing is here to stay.

Reduce Workload and Improve Core Processes

Medical transcription is a process that can be outsourced, and the trend of outsourcing transcription requirements to medical transcription companies is on the increase. Busy healthcare entities including individual physicians, group practices, clinicians, medical office administrators, multi-specialty groups, acute care facilities, long term care facilities and other healthcare entities can benefit from these services.  The time saved can be put to good use such as focusing on patient care. Another important benefit of medical transcription services is that healthcare professionals can reduce their workload and get the transcripts back on time. This is the reason why most of the healthcare facilities prefer to outsource medical transcription to reliable medical transcription companies.

Transcripts for All Types of Medical Reports

With medical transcription services from a reliable medical transcription company, you can have accurate transcripts of your dictations cost-effectively within short turnaround time. The medical reports include consultation or conference reports, laboratory summaries, operative reports, patient history and physical examination reports, laboratory and scan reports, procedure notes, progress notes, referral letters and clinic notes, death summaries, follow-up notes, discharge summaries and more.

To provide quality transcripts, most medical transcription service providers make use of advanced equipment, state-of-the-art technology and software. Their staff includes a team of experienced professionals comprising transcriptionists, proofreaders, editors, quality controllers and others. They are well-versed in medical terminology and can transcribe all kinds of medical reports within customized turnaround time.

Advantages of Outsourcing

Outsourcing medical transcription tasks ensures the following advantages for:

• Helps maintain accurate and updated medical reports
• Avoids file backlog
• Reduces the outlay needed to maintain in-house transcription infrastructure
• Easy retrieval of patient information
• Enhances efficiency and productivity
• Easy and flexible dictation options
• Customized turnaround time
• Highly secure file transfer facility
• Consistent customer service
• Excellent data privacy and security
• Complete compliance with HIPAA guidelines
• 3 levels of quality assurance by proofreaders, editors, and legal experts
• Accurate, updated and properly organized medical records in minimum turnaround time
• Enhance office efficiency and productivity

If you wish to enjoy the above mentioned benefits, outsource medical transcription now. Go online to find a number of firms that specialize in medical transcription outsourcing and choose a trusted and reliable medical transcription company.  
 

Choosing a professional and reliable medical transcription company from a wide range of medical transcription companies can prove to be really challenging. However, keeping certain valuable tips in mind will help you make the right provider of medical transcription services.

When it comes to selecting a suitable service provider, there are many factors that need to be considered and researched. Just before hiring a firm, it is desirable to know your medical transcription company well, and thereby avoid any kind of miscommunication. Reputable medical transcription companies have websites, so check out the websites to know as much as you can about those firms that were recommended to you.

Consider Your Specific Requirements

Before settling for a company, you have to make sure of your specific needs, whether you are outsourcing only part of your medical transcription jobs or entrusting your complete medical transcription needs to the partnering company. One of the most common mistakes you can make while choosing a medical transcription service provider is giving too much importance to cost factors rather than quality.  It is advisable to look for quality rather than the lowest prices.

In the medical field, the accuracy of medical records is very important. A single error could make a big difference in the well-being of a patient. So, ensure that the accuracy of medical transcripts is maintained to the highest level possible by the medical transcription firm you choose. Existence of quality checks and quality guidelines will establish the reliability of the medical transcription companies.

Don’t forget to enquire how long the service provider has been in the business of medical transcription. Ensure that they provide client testimonials on request. This will give you an idea about the medical transcription services provided by the company and the experience they have in the industry.

References Can Help You Locate a Reliable Provider

Ask for references from clients before hiring a transcription company. From these references you can find out more about the quality of service offered, timely deliveries and customer support services. Find out what the ensured turnaround time is.  It is more important to choose a firm that offers medical documents of high quality at a shorter turnaround time.  Above all, make sure that the selected medical transcription service provider follows HIPAA norms and regulations, thus offering guaranteed security of your patients’ health related information.
 
Keeping the above points in mind, choose a reliable firm from among the many medical transcription companies offering services.