Benefits of Outsourcing Medical Transcription .pdf
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Benefits of Outsourcing Medical Transcription
Outsourcing refers to subcontracting of services to specialized companies. While this was a new
concept a few years back, it has taken up the shape of a full grown industry that offers its services
to various other industries such as the medical, legal, data entry and others.Outsource Medical
Billing Services is the most sought after service as physicians and medical institutes find it
beneficial to use the services of specialized companies for managing data instead of doing it inhouse. There are several benefits of medical transcription, some of which are mentioned Below :
Eliminate capital expenditure: There is no need to spend money on equipment, software, furniture
and supplies required for maintaining or managing medical records. Since the work in handled by
outside companies, you can save a lot on capital expenditure.
No need to maintain transcription staff : You also save on the salaries of staff specialized in
Medical Claims Billing Outsourcing as you outsource the job to third parties. As the work is
being handled by specialized companies who have trained and experienced staff for the purpose,
you save on additional staff for transcription work. You no longer have to deal with staff issues
like absenteeism, labor unions, quality of work and their training.
Reduce IT responsibility : when Medical Transcription Services is carried on in-house, there is
the added responsibility on the IT department to manage and troubleshot the various platforms,
maintain the equipments and software and keep up with the ever changing technologies and
updates that are required to keep the system running. Once the work of medical transcription is
outsourced, the IT department is freed of all these tasks and it can focus on other core areas of the
Better report accuracy and turnaround time : when the work of medical transcription is outsourced,
the accuracy of the work and turnaround time improves. This is because the specialized companies
work to please their clients. They cannot afford to make too many mistakes. Therefore they check
and recheck all the data before sending them as final reports. They adhere to all quality standards
to maintain their quality, turnaround time and efficiency.
Get reports from any location : As most companies offering medical transcription are based in
other time zones than the client company, they give the advantage of the time difference. It is as if
the transcriptionists are working even when the client company offices are closed. Therefore, while
there is a great advantage of turnaround time, there is also the benefit of accessing the reports from
any location. Most medical transcription services are web based, giving the client company the
ability to access records as and when required. They can even extract reports that are a year old
since the records are saved on the servers for access later.
Rayvat BPO is a leading Medical Transcription Company that provides superior services to
clients from all over the world. When you are looking for a reliable and genuine company that
offers services at affordable prices, Rayvat BPO is the name that you can trust.