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Why
Outsource your Medical Transcription?
Stringent Federal regulations,
Insurance companies, and consumers and HIPPA guidelines
have made the digitization of health records mandatory
not only in hospitals, but also in the general
ambulatory and physician care environments. Handwritten
notes in the legacy systems are not meeting these
new demands.
If healthcare practices consider the total cost
of transcription to their practice when done internally
the outsourcing becomes an attractive cost saving
option.. (A general thumb rule is to multiply
your transcriptionists labor and benefits by 250%.)
It becomes obvious that there are many indirect
costs associated with in-house staff, such as:
- Underutilized Medical Transcription
(as low as 50%)
- Technical Support
- Equipment Costs and Maintenance
- Equipment Depreciation
- Software Upgrades
- Office Space and Utilities
- Recruiting and Training Costs
However, savings
apart when one considers the other spin offs such
quality and accuracy, turnaround time, and in-house
staffing levels and operational efficiency of
the system – all adds up to one word –VALUE.
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