Medical transcription outsourcing: Provides services with the most advantages

The healthcare sector has always faced a number of challenges being such a critical service. The interaction of the healthcare sector has not just been limited to healthcare professionals and patients but also extends to Insurance providers, the pharmaceutical sector, the Government and various professional associations to name just a few. To satisfy the diverse demands placed on the healthcare sector it becomes imperative that the healthcare sector draws support from various sources to make their operations more efficient. To do so it is important to outsource all those activities that are not part of the core business. This helps them in two main ways; allows them to concentrate on their core business – that of providing quality healthcare and helps them focus on their second goal – that of increasing profitability.

Medical transcription is one such activity that helps them in both these areas significantly by creating timely, accurate, secure and cost effective patient medical records from the dictation of healthcare professional – patient encounter. Though there are numerous options available for documenting the patient- healthcare professional encounter, outsourced medical transcription services have been found to be the method with the most advantages.

Given below are some of the advantages of outsourced medical transcription services:

Helps make efficient use of the healthcare professionals time: It has been found that the dictation to transcription method of documenting the patient encounter is the method that offers the most advantages. This method of documenting the patient encounter conforms to the working method of healthcare professionals and makes efficient use of their time. Outsourced medical transcription service providers help in this aspect by providing efficient software and tools that enables them to use dictation devices of their choice and ensuring that audio files are transmitted at the earliest for transcription

Helps preserve face-to-face interaction with patients: One of the major intangible factors that play a role in the healthcare process is the healthcare professional interaction with the patient. Documenting the patient encounter by medical transcription ensures that the face to face interaction between healthcare professional and patient is unhindered

Ensure quality of clinical data captured: The data captured by healthcare professionals is used for various aspects including clinical decision making, risk management and managing receivables. It is important that this data be accurate, outsourced medical transcription services ensure this by putting each transcript through multiple level quality checks.

Helps information sharing in an easy and secure way: Outsourced medical transcription service providers understand the operations of healthcare facilities and therefore have developed services that provide healthcare professionals easy access to transcripts. Features like delivery to specific folders, delivery to multiple healthcare professionals, remote faxing & printing, access to archives for search of older records etc has helped healthcare professionals access and share information in an easy way.

It can be seen that outsourced medical transcription services is the method of documenting the patient – healthcare professional encounter that provides the most advantages.

TransDyne, a leader in the outsourced medical transcription industry has used their extensive background in information technology and their experience in serving the needs of the healthcare sector to provide affordable and integrated medical transcription solutions.

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!

To avail complete and reliable medical transcription services from TransDyne, click here.

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Medical transcription outsourcing: Helps in cost restructuring

In an increasingly challenging business environment it is important for businesses to focus on maximizing revenues and minimizing expenses. The healthcare sector is no different, though strictly speaking healthcare is a service that is aimed at improving the quality of life by managing health issues and a service aimed at saving lives. In spite of the noble objectives of healthcare, it is a business like any other that has to focus on maximizing income so as to be able to continue providing quality services. As healthcare is a sensitive service it is also subject to statutory norms apart from the usual pressures of having to deliver quality services consistently and maximizing profits.

To this end it is important for healthcare facilities to examine every input that forms a part of the entire healthcare process both in terms of quality and cost. One such input to the healthcare process is the information from patient medical records, which play a vital role in the clinical decision-making process, reimbursements and risk management. There are numerous options available to healthcare facilities and healthcare professionals for documenting the care process, however medical transcription the process of converting the dictation of healthcare professionals into text has been proven to be one of the most convenient and efficient methods.

However medical transcription is a process that requires substantial investment in terms of resources, people and technology to be able to meet the expected quality levels, an investment which would result in dilution of focus of the healthcare facilities from the core business. Outsourcing medical transcription to a professional medical transcription service provider has been found to be one of the most effective solutions to ensure total focus of the healthcare facility on their core business of providing quality care. Outsourcing medical transcription not only ensures that quality standards of accuracy, turnaround time and security are met with, but also helps with cost restructuring.

How does outsourcing medical transcription help healthcare facilities in cost restructuring?

Outsourcing medical transcription essentially offers healthcare facility the option of converting their fixed cost of medical transcription to variable costs that is dependent on the volume of transcription required.

Normally the cost of medical transcription would involve the following cost heads:

• Allocation of space for transcription
• Cost of utilities for medical transcription
• Capital investment in software and tools for medical transcription
• Furniture and other expenses for medical transcription
• Cost of recruiting and training medical transcriptionists
• Salaries and other benefits for medical transcriptionists
• Cost of supervision
• Cost of coordinating the medical transcription activities
• Cost of HIPAA and HITECH compliance
• Cost of editing and proofreading for speech recognition software transcription

In spite of the enormous commitment of resources towards an in-house medical transcription department, healthcare facilities have no guarantee of the capability of their team to meet increasing volumes of medical transcription without compromising on accuracy or turnaround time. Moreover the cost of idle capacity during slack volumes would have to be included as part of cost of medical transcription making it very unattractive.

Outsourcing medical transcription to a reliable medical transcription service provider essentially enables the healthcare facility to avoid all these expenses, as they would be charged on the basis of volume of services utilized. This will help restructure the fixed cost of medical transcription to variable costs resulting in enormous savings and increased focus on the core business of providing quality healthcare. Moreover outsourced medical transcription service providers also enable adoption of EMR/ EHR using HL7 interface.

 

TransDyne, a leader in the outsourced medical transcription industry has used their extensive background in information technology and their experience in serving the needs of the healthcare sector to provide affordable and integrated medical transcription solutions.

 

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!

 

To avail economical medical transcription services from TransDyne, click here.

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Medical transcription outsourcing: Helping preserve the narrative of the patient encounter

Healthcare services have always documented the patient encounter in some or the other way as this aided in the process of providing care and served as reference for research purposes. As the demand for healthcare services grew and the process of reimbursement became complex, it became mandatory to document the patient- healthcare professional encounter.

Patient medical records contain vital information regarding the patient including demographics, patient medical history and valuable details regarding allergies etc. Medical transcription is the process of creating patient medical records from the audio narration of the healthcare professionals regarding the patient encounter. Healthcare services and medical transcription have had a long-term association. Medical transcription services have evolved from being mere typing or data entry services to services that provide valuable support to healthcare facilities and healthcare professionals in various aspects.

The healthcare and the healthcare documentation scenario have seen many changes owing to the advent of science and technology. This has enabled the healthcare sector to provide improved services and enabled the healthcare documentation sector to intuit the needs of the healthcare sector and provide services accordingly.  ARRA (American Recovery and Reinvestment Act) or Economic Stimulus bill was introduced in February 2009, aimed at spurring economic growth across multiple industries through Government spending. Out of this $ 19 billion was aimed at the healthcare Industry by way of incentives for meaningful adoption and implementation of EHR (Electronic Health Record) also known as EMR (Electronic Medical Record).

With the move for adoption of nationwide electronic healthcare systems, the role played by medical transcription in this process becomes even more significant. In this movement leading to achieving meaningful use of EHR, it is important to consider the two main stakeholders in the healthcare process; the healthcare professional and the patient. Documenting the healthcare process using medical transcription services helps in achieving this objective by enabling retention of the narrative as part of the patient medical record.

What is the significance of the narrative in the healthcare process?

Preserving the narrative as part of the patient medical record helps in various aspects including:

Patient care: The patient story provides valuable inputs to understand the problem and provide solutions accordinglyThe process of medical transcription helps in preserving the narrative portion of the patient medical record by intuitively providing services with the following advantages: 

Support for making clinical decision: Patient medical records are the basis on which the primary care provider makes clinical decisions regarding further tests or seeking specialist services

Provides support for risk management: Detailed patient records provide valuable support in case of litigation by justifying the care process.

Reimbursement: A detailed patient medical record provides valuable support for the reimbursement process, serving as the basis for coding and billing

Research and disease prevention: Detailed patient medical records are important inputs for research projects. They also help in disease management in case of epidemics

Blending in with the workflow of healthcare professionals: Medical transcription services seamlessly blend in with the working style of healthcare professionals. Furthermore medical transcription service providers also allow healthcare professionals to use dictation modes of their choice making it easier to optimize their limited time.

 

Cost effective: Not only do medical transcription services blend effortlessly into the workflow of healthcare facilities, they also help reduce direct and indirect costs of medical transcription to a substantial extent

 

Flexible: One of the main advantages of outsourced medical transcription services is that they are flexible with regards to various aspects like volume, specialties, modes of document delivery etc.  This eases the administrative and information technology burden of healthcare facilities. Additionally medical transcription service providers also play an important role in the adoption of EMR/EHR by enabling HL7 interface and providing editing services for transcripts produced by speech recognition software

 

Preserving quality: Outsourced medical transcription service providers deliver services that meet all the quality criteria that apply to medical transcription services like accuracy, speed and security.

 

It can be seen that medical transcription services continue to play a significant role in the healthcare documentation scenario.

 

TransDyne, a leader in the outsourced medical transcription industry has used their extensive background in information technology and their experience in serving the needs of the healthcare sector to provide total medical transcription solutions.

 

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!

 

To avail complete medical transcription services from TransDyne, click here.

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