Outsourcing Medical Transcription
The times – they are a-changing and all the movers and shakers of the business world today are aware they need to do all they can to compete and win in these challenging, technology-aided, fast-paced times. This includes considering outsourcing of tasks that can be done in a shorter time at lesser cost for maximum profit and business continuity; the latest in line for outsourced tasks is undoubtedly Medical Transcription Outsourcing.
Medical transcription is the process of converting dictated information into a standard text format so a patient's permanent medical records are created for an efficient record-keeping system, which is a federal government requirement in the US and parts of Europe.
At times, there may be a domestic shortage of qualified medical transcription staff or there may be other problems that can be capably met by leveraging new-age technology such as the internet and other advanced tools that prove cost-effective alternatives to handling these needs efficiently and systematically, such as provided by medical transcription outsourcing to an offshore destination or even a smaller company in the same country/continent.
The fact that many countries have developed advanced IT skills in combination with language communication and medical transcription training skills to set up authentic business process outsourcing centers for foreign clients such as a US based medical fraternity requiring timely medical transcription services, and that these are available at extremely economical rates means there is an affordable solution within reach. So, why not make use of it?
From medical clinics to hospitals, to businesses with diversified interests in healthcare, to pharmaceutical firms and law or even marketing firms, the need for medical transcription outsourcing is increasingly felt by all modern businesses wishing to have a competitive advantage and also those that wish to save on valuable resources.
Those healthcare firms and offices working on a tight budget can specially benefit from outsourcing medical transcription as headaches of compressed deadlines, cost of keeping permanent staff or even managing HR issues of a full-time staff are minimized as well as matters of handling huge amounts of data, meeting stringent compliance regulations and investing in assorted equipment and infrastructure to keep the medical transcription unit going. Not only do they get to save on management issues, but they also have freed-up time for paying more attention to their practice!
By outsourcing all or part of the medical transcription process, companies gain by get reducing labor costs, improving report accessibility (as service providers today use web-based, user-friendly interfaces that are secure and can give them instant project updates besides facility to maintain archives). They also reduce IT responsibility and increase productivity and profitability in lesser turnaround time (most medical transcription outsourcing services offer 24x7 expertise) – from a single source – thus outsourcing medical transcription proves to be a distinct business advantage!
About the Author
Ram Swaminathan is the managing director of www.Zyncorp.com. Zyncorp is a leading outsourced Transcription, Billing, Coding, Practice Management consulting company and offers benefits while lowering the costs.
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