Medical Transcription Outsourcing: Save On Capital Expenses

By Author: MTS Transcription Services
Total Articles: 76
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A healthcare facility’s capital investment decisions determine its capacity to provide patients with reliable services over a long period of time. Cash is one of the most valuable assets of a healthcare establishment. A healthcare facility therefore has to be cautious before it decides to expand investment. This is the reason why they now prefer medical transcription outsourcing to carrying out the job in-house.

In-House Medical Transcription Involves Increased Capital Expenditure

A healthcare establishment that wants to manage its transcription in-house would have to incur additional; capital investment on the following:

• Computer systems including monitors, headsets, foot pedals, and keyboards
• State-of-the-art medical transcription software
• Server uploading audio files and downloading transcripts
• Furniture and other infrastructure
• Additional office space

These expenses can be avoided when healthcare establishments assign their documentation tasks to medical transcription companies. To be precise, by outsourcing, you are no longer required ...
... to spend a huge amount of money for training the manpower for transcribing and for setting up the related infrastructure. An established medical transcription outsourcing firm would be fully equipped to handle all your transcription tasks, relieving you of the need for additional investments in your practice.

Outsourced transcription service can provide documentation solutions for physicians’ letters and notes, pre-operative and operative notes, discharge summaries, history and physical notes, emergency reports, SOAP notes, consultation reports and diagnostic reports for individual practices and group practices. Apart from helping physicians to save on capital expenditure, reputable medical transcription companies provide their clients with following benefits:

• Saved time – Outsourcing medical transcription functions provides health care professional a great relief from the administrative tasks and provides healthcare professionals with more time to focus on the well-being of their patients

• Increased revenue – Healthcare facilities can fully utilize their valuable time and maximize their productivity, resulting in increased revenue.

• Shared risk – When an outsourcing provider handles your business operations, they share much of the risk associated with those functions, lessening the burden of compliance with government regulations and other considerations

Other Medical Transcription Outsourcing Benefits

Other benefits that are assured with a reliable medical transcription company:

• Accurate, updated and properly organized medical records
• Uninterrupted customer support
• Three levels of quality assurance
• Highly secure file transfer facility
• Compliance with HIPAA guidelines
• Free trial offer
• Customized turnaround time of not more than 24 hours for normal reports and 4-12 hours for STAT reports
• Fair and reasonable pricing

If you are a healthcare practitioner and want to enjoy savings on capital expenditure, outsource your medical transcription to a leading medical transcription outsourcing firm.

About Author
MTS Transcription Services (A Managed Outsource Solutions Company) is an Oklahoma based secure medical transcription company, serving clients across North America for more than 7 years. Our medical transcription services are secure and available 24/7.