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How a Medical Transcription Outsourcing Company Can Help Business Grow

Posted Apr 22 2013 3:12am

Nowadays, healthcare is like any other business. To provide proper treatment and care, physicians need to ensure that they can compete effectively and meet growing needs. They have to deal with all kinds of pressures from different sides such as an increased flow of patients, the need to provide quality treatment and care, administrative tasks, and much more. Documentation work also continues to increase day by day and this is inducing them to seek the support of a medical transcription outsourcing company. Providing efficient and timely support to transcribe physician dictations, a reliable service provider can help a medical business grow.

 

Here are some of the ways your practice can benefit by partnering with the right outsourcing company:

  • Revenue management

Medical transcription companies play an important in managing your capital investment.

 

- You do not have to invest in recruiting and training transcription staff. This reduces expenses on salaries, insurance benefits and other compensation packages

 

- Outsourcing transcription work rules out the investment in infrastructure, advanced software, technology, equipment, and more

 

- You can save 30-40% on your transcription costs by outsourcing. Established service providers outsource the work to offshore locations where quality service is available at lower rates. This allows them to offer you competitively priced solutions

  • Increased efficiency

You can concentrate on your core activities without worrying about getting your transcription done right. Reputable transcription companies can provide medical transcription services for almost all major specialties. Web-based documentation managed by a team of experienced professionals ensures that error-free reports are delivered within customized turnaround time. All this helps increase your efficiency quite significantly.

  • Reduced business risk and liability

A medical transcription company uses latest technologies and tools for smooth and efficient workflow. They also provide user-friendly options for digital dictation through digital recorders and toll-free number. They also have HIPAA-complaint safe file transfer options. The use of quality technology and software by the company’s expert team of medical transcriptionists allows them to provide error-free documents. All this ensures reduced business risks and liability for your practice. Many companies have solid risk management programs in place to help minimize client risks.

 

Other Valuable Benefits of Medical Transcription Outsourcing

 

Here are some other valuable benefits that an established medical transcription service can offer:

  • Customized solutions
  • Stringent quality assurance for 99% data accuracy in all transcribed reports
  • Document flow management software for end-to-end tracking of data
  • 128 bit encryption protocol and FTP for secure file transfer
  • No long-term contracts
  • 24/7/365 technical support
  • Free trial for practical evaluation of service

Choosing the right medical transcription outsourcing company is important to ensure solutions to help your business grow. This is possible by doing some serious research online. Make a list of established companies in the field and compare their services. Go by the above-mentioned factors to make your choice.

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