Why Should The Healthcare Industry Opt For Medical Transcription?

Posted on Mar 3 2016 - 2:39pm by Editor

In an era where medical professionals are getting incredibly busy; medical transcription has come as a boon for the medical sector. It not only saves much time that would otherwise go into documenting findings; it helps doctors speed up their work and attend to more patients than they would be able to if they had to keep recording (in writing) every single finding they make across multiple patients.

Medical Transcription

This is the primary reason hospitals around the world are extensively using medical transcription services offered by EyeRed and other similar companies. However, this is just the tip of the iceberg, as there are many more reasons as to why someone irrespective of them being a medical institution or an individual practitioner should opt for medical transcription services.

Quality of Reports

High-end medical transcription service providers adhere to strict quality control guidelines; thereby ensuring that the reports that they generate are top of the line and comply with industry standards. Further, many of these companies have a predefined pipeline through which the entire process is run through before a final report is prepared.

Reduced Overhead Costs

A medical institution has to take care of many things such as maintaining equipment’s, handling patients, adhering to industry standards, sticking to deadlines among a host of other things. This is where such services significantly reduce overhead costs since you don’t need to maintain an in-house team.

Cost Effective Services

These services are very cost effective since they save not only money but also the time that would otherwise go into training, expenses on reports and human resources. Furthermore, they offer significantly lower rates when hiring in-house. Plus, there is the added benefit of not having to maintain transcription or digital equipment resulting in even more savings.

Boosts Management

Transcription services give a significant boost to the overall management of a medical institution, and the results would be visible in a very short period. Having someone who offers flexible turnaround times, increased accessibility to transcribed reports can prove to a shot in the arm for the management who are more or less always on their toes trying to keep things running smoothly. Also, the fact that seasonal fluctuations can be managed more efficiently especially at times when the influx of patients is high compared to the number of staff available; having someone handy who can take care of things when hit by such times can prove to be a boon for any medical institution.

Industry Experience

The companies offering transcription services have years of experience in the industry and know the industry in and out. Their team has the best medical writers who are individually selected from a global talent pool. They also make extensive use of technology to deliver exclusive transcribed reports; the culmination of which allows them to offer increased dictation volumes whenever required.

The field of transcribing reports has been booming since 2008 and is set to grow at a rate of 11 percent till 2018. This is in part due to the fact that a much higher number of institutions and individual practitioners are making the switch towards outsourcing their transcribing requirements. Moreover the spur of a growing ageing population means a greater number of medical tests and procedures would need documentation. This will put an additional burden on the hospital’s staff should they decide to do so in-house, which seems unlikely since hospitals are already feeling the brunt of a higher patient to doctor ratio and are taking steps to even the odds.

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