Medical transcription is one of the most widely outsourced works in the healthcare industry. Its services can consistently give a company the combined unique experience of accuracy, data security and absolute privacy for its records and documents. This transcription field may actually be the greatest beneficiary of outsourced transcription services. It is the service most often provided by transcription service providers across the world. Currently, a growing number of medical providers send their dictation by digital voice files, utilizing a method of transcription called speech or voice recognition. Medical transcriptionists listen to dictation recordings by doctors and healthcare practitioners, and convert them into medical reports, medical correspondence, discharge papers, autopsy reports, etc. A medical transcriptionist , unlike a general transcriptionist, must understand medical terminology and be able to decipher medical abbreviations. Due to the increasing demand to document medical records, countries are now outsourcing the services of medical transcription .
This type of transcription has undergone tremendous progress because of constant advances in communication and Internet technology. Outsourcing it has proved to be an extremely popular and profitable option for the medical industry. The direct and immediate advantage of outsourcing medical transcription is cost reduction, reliability in turnaround time and total security. When a company outsources this transcription , it no longer has to own a dictation system or worry about upgrading to the latest equipment. In fact, all its capital expenses for supporting dictation and transcription are greatly reduced. Outsourcing it also work as backup copies of patient data. This is because they are always available at the servers of these outsourcing companies and so it is easier to search and access patient records. With outsourcing a company will be benefited with the following:
o It can retain focus on its core activities by increasing its efficiency in patient care.
o Eliminate the drawbacks of paperwork.
o HIPAA compliance
o Significantly reduces its overhead costs.
o Improve revenue within its department
Today there are extensive transcription services that are available that cover all kind of the specialties in medicine. It is growing day by day and is being provided to a wide range of practices and organizations that can include healthcare facilities, hospitals, laboratories, clinics, individual doctors and physicians' groups. Outsourcing companies are able to provide customized transcription services according to the needs of the clients. There are as many medical transcription services as there are medical specialties and medical documents: radiology transcription , microbiology transcription , pathology transcription, cardiology transcription, medical review transcription, H&P reports transcription, surgery notes transcription, lab reports transcription, etc.
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