The field of medical transcription has witnessed tremendous growth in recent years because of constant advancement in communication and Information technology. Medical transcription basically deals with transcribing or converting voice reports by doctors or other healthcare professionals into files usually text format. Outsourcing medical transcription has proved to be an extremely popular and profitable option for the medical industry today.
Medical transcription is one of the most extensively outsourced services in the healthcare industry and is adopted as a part of easing the tedious process of medical record documentation. Undertaking in-house would imply that the healthcare facility has to manage people, records, HIPAA compliance, technology, maintenance of equipment, turnaround time and all other variables associated with the medical transcription services besides its core business of health care. To keep operating costs low, outsourcing of medical transcription is the preferred option for most healthcare firms across the globe. Medical transcription outsourcing makes things immensely simpler and hospitals and healthcare centers in the U.S. and UK are increasingly work to offshore locations like India.
India has a strong market share in medical transcription outsourcing because of its large resource of young, college-educated and productive workforce. The dominant use of English as the main medium of communication is another cause for India’s traditional edge in medical transcription outsourcing. Exposure to English language and the influence of western media such as movies, TV channels and books makes the average Indian familiar with the American usage and accent. Best-in-class medical transcription training methodologies shore up the inherent advantage that India offers in medical transcription outsourcing.
The concept and benefits of outsourcing medical transcription is well known to the medical industry. Its common for doctors, hospitals and large transcription companies to outsource the medical transcription work in order to reduce the workload and improve efficiency. The direct and immediate advantage of outsourcing medical transcription is cost reduction, quick turnaround time and total security.
There are many benefits of outsourcing medical transcription services including:
Quicker turnaround time – leveraging time zone differentials
Ability to quickly understand your needs
Savings in costs – up to 40% to 60% – cost effective
High quality and accurate medical records
Leverage industry experience
Data security and confidentially
Reduce capital costs of infrastructure
Availability of services 24X7
Reduced HR responsibility in hiring, training and administration
Overcome high attrition rates in the U.S. transcription industry
Manage seasonal fluctuations in staffing
Improved report accessibility
It allows you to focus on your core business
Medical Transcription outsourcing is one of the most important industries in the outsourcing spectrum. Outsource medical transcription to improve your workflow and service better to your patients. In conclusion, service providers offering fast and profitable transcription services can help medical care providers to concentrate on their core services and serve the needs of patients much better.