A common goal of professional healthcare practices is to deliver excellent care and ensure patient satisfaction. Other goals include research, developing an outstanding reputation, and growth and expansion. One of the processes that help in ensuring quality care is timely and accurate medical transcription. This back office task involves the conversion of physician dictations in audio format into text format. The resulting format is in the form of an orderly medical record that helps ensure correct and quick treatment to the patient. Unfortunately, in-house transcription is often associated with backlog and heavy expenditure.
Outsourced Medical Transcription – the Benefits
Three of the important ways in which these outsourcing solutions can benefit your healthcare practice are described below:
- Helps to Concentrate on Core Tasks – You won’t have to worry about employing and training staff to perform transcription. You also won’t have to worry about the expenses involved in this. Instead, you would have more time to devote to your core business duties.
- Speeds up coding and billing – Medical transcription is the first step in the receivables management cycle. Outsourcing ensures timely creation of patient records which in turn ensures faster reimbursements.
- Limits transcription expenditure to “per line” costs – By outsourcing, your healthcare practice can do away with costs associated with administration overhead, information technology, capital equipment, and space. You would thus be able to better manage your limited overhead.
If you want to reap these benefits to the full, you should find yourself a reputable medical transcription service provider. Try to find testimonials or reviews posted about the companies you are considering. Look for HIPAA compliance, a 99 percent accuracy rate, convenience and security of file transfer, and a flexible turnaround.