Why Consider Outsourcing Medical Transcription Services Medical transcriptionists has become one of the fastest growing sections of the medical field these past few years. Most medical places require the
doctor´s words to be put into writing for patients´ files and other documentation purposes. In today´s technological world, most hospitals require it to be in digital format. It is for this reason that the need has arisen for people to translate
doctors´oral reports into
digital documents. Employed secretaries usually do this job, but because of the high demand and quantity, it is becoming big as an area for outsourcing. The transcription can be done a lot more quickly when outsourcing versus in house transcriptioning. This is because the outsourcing
medical transcription services devotes all of its time to this one assignment. A secretary is constantly interrupted by phone calls and patients and other duties. An outsourcing medical transcription service provides adequate services to
medicalfacilities of all types who outsource this kind of activity. Individual home based people can become transcriptionists and you don’t even have to live in close proximity. As long as you have a reliable computer and Internet connection you can do this kind of work. So basically, medical places will send you an audio file and you type it up, making sure each word is clear and spelled correctly. It is critical that it be accurate, as this will serve as the doctor’s documentation. But that is all the job pretty much requires. Many studies have been done on outsourcing medical transcription services. Research has shown that the U.S. spent $2.3 billion in 2004 for medical transcription outsourcing services. That number is expected to grow to $4.2 billion in 2008. Worldwide, the U.S. Department of Labor has projected the demand for medical transcriptionists to reach $20 billion. Clearly, the demand is there. If you've always dreamed of your own business and are willing to be trained, go to the Internet and do a search on “outsourcing
medical transcription service.You should research several training courses and choose the best one that will suit you and your situation. You will be your own boss helping out doctor´s while making pretty decent money.
Medical Transcription through OutsourcingMedical Transcription is one of the numerous activites that have benefitted from outsourced. Medical Transcription refers to the transformation to text of prerecorded physician notes. This activity has long been carried out by transcription services allied to the hospitals. Yet, with the outburst of offshoring, there has been a reposition in the service delivery model adopted for medical transcriptioning. There has been a paradigm shift in the epicenter of medical transcription to India. With more and more companies mushrooming in India to cater outsourced Medical Transcription services to US based clients, it has spelt a windfall in savings for US based medical practices. After the initial resentment against outsourcing, it has grown to be recognised as the de facto way of doing medical transcription primarily as a means to cut costs. No wonder, outsourced transcription services are focussing on cost as their USP. Nevertheless, the tendency has been such that medical practices are prepared to spend more for qualitative service. Also, practices have become more sensible about the data safeguard issues. Patient information handling becomes a essential mark on which medical transcription services are being judged. Also, pricing clarity, quicker turnaroundtime and appropriate pricing criteria are added factors by which a medical transcription services judged. Speech Recognition software has still not become exact enough to be trusted with patient notes transcription. So for few years more, manual medical transcription with the backing of software and equipments will be the chosen mode of transcription. But it is necessary that medical transcription services shall embrace technology to improve efficiency of the transcription operation.
Expanding Your Medical Transcription BusinessI’m always amazed at the number of MTs who routinely struggle to meet deadlines and are swamped in a sea of work with no end in sight. A lot of the times we seem to get used to doing things a certain way and don’t want that to change.
medical transcription businessAlthough change can be difficult in business sometimes it’s necessary. Think about it if you keep struggling to keep up with your work load how will you ever expand your business or have time to dedicate to new clients?
Expanding your
medical transcription business doesn’t have to be difficult. You don’t have to rent out office space or pay employment benefits. In fact it couldn’t be easier, you simply hire subcontracted MTs to work for you.
These MTs are independent MTs and will be responsible for their own taxes and business expenses. You just outsource the work to them and pay them for any completed work as agreed. You don’t even need to commit to a certain amount of work. Most MTs understand that this is how the business is run, if you have a large work load you will outsource and if the work load dies down a bit then you won’t be able to outsource.
So when is the right time to outsource?
Any time you feel you have too much work. If you’re work is taking over your life and you’d like a little free time for your family. If you’re looking to expand and grow your business, or just about any time you feel you could use a little extra help.
Try to find a reliable recommended transcriptionist to help you. Usually you pay them several cents per line less than you charge as you will need to make some money for the proofreading and overall management of the account.
A good place to find transcriptionists that are eager to learn is at your local community college or medical transcriptionist school. Often times these MTs will be willing to work for a little less in exchange for training. This is a great way to help out your fellow future MTs and reduce a bit of your work load in the process.
Medical Transcription – Practice Makes PerfectThe first time I plugged in my transcriber machine and listened to my very first medical dictation, I thought “Oh, my god, what I have I gotten myself into”. You see, I had no prior experience in the health field and I just hadn’t heard anything like this before.
To make matters worst my typing speed was abysmal. In fact, I’ll let you in on a little secret during my first typing class in my medical transcription course I had the worst typing speed out of the whole class…. An embarrassingly low 19 words per minute.
But I stuck it out and by the second month into my course my typing speed was around 40 accurate words per minute and from there on things just snowballed, within 6 months I was typing 80 accurate words per minute and my speed has increased steadily since.
Those foreign dictations didn’t sound so alien anymore and I was actually understanding the medical language and anatomy.
For someone with zero background in the medical field or medical transcription, this was a huge accomplishment.
So how did I do it? With a lot of practice, practice, practice.
