Significance and Benefits of Hiring a Medical Transcription Company
A medical transcription company has efficient and skilled people and resources to provide superior quality medical transcription services to healthcare industry such as individual physicians, medical practices, hospitals and other medical organizations.
When you hire an in-house transcription team, you need to manage everything on your own including people, resources, HIPAA compliance, technology, administration, turnaround time and other activities, apart from handling core business activities. When you are not specifically into medical transcription, outsourcing transcription services to a medical transcription company is a viable option as it makes things immensely efficient, rapid and convenient. More and more hospitals and healthcare centres in the U.S, Canada and Australia are increasingly outsourcing medical transcription work to offshore locations.
Lower Prices and lowest investment
One of the main advantages of outsourcing medical transcription services to offshore locations is that services are offered at highly competitive rates as compared to the industry standards prevalent in the U.S, UK and other developed countries. Hence, you will get per line rate, direct labour cost, administration cost and annual maintenance costs for maintenance of digital and transcription equipment at much lower prices than in developed countries. Also, running a full-fledged medical transcription require investment in high end dictation equipment as well as state-of-the-art software for transmission, downloading, typing and submitting dictations. When you outsource medical transcription to a medical transcription company, it saves you from blocking unnecessary capital in medical transcription resources.
Superior quality records
Transcription companies have expert transcription staff as well as administration staff to provide comprehensive solutions to the client from the beginning till the end. Also, these companies have substantial experience in working on an array of medical records like operative note, discharge summery, progress note, emergency room procedure etc. With their extensive experience in providing superior records of high accuracy, medical practitioners can rely on the quality of the services offered by them.
As there is time zone difference between developed and developing countries, it works in the favour of health care service providers in developed nations like United States, Australia etc. Medical transcriptionist download, transcribe and transmit records overnight for access by health practitioners in the U.S. It assures fastest turnaround time in the industry
Accuracy and security
Hiring a reputed medical transcription company assures that medical transcription is adhere to globally standardized, HIPAA compliant. In order to assures superior quality and accurate transcription services, medical transcription go through stringent multi-level QA procedures including editing, proof reading and reviewing completed records.
Unaffected by high attrition rates
High attrition rate is one of the major attrition of medical transcription services. The medical transcription services sector in the U.S., and anywhere else in the world, are characterized by high attrition rates. One of the benefits of outsourcing medical transcription processes is that hospitals remain unaffected by high employee turnover levels.
A medical transcription company makes it easy, fast, efficient and cheaper for medical practitioners to get transcription completed with high accuracy without any hassle.
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