Medical Transcription Outsourcing To Save Costs

With the increase in demand to keep a record of the medical documents, many developed countries have now started to outsource medical transcription work to developing countries. The profits earned through medical transcription outsourcing services are constantly increasing in the US market.

It is basically to save on the costs that developed countries prefer to outsource these services. Not only is the labor in developing countries cheap but also the currency rates of these countries are cheaper as compared to the developed countries like US.

HIPAA (Health Insurance Portability and Accountability Act) is the act that governs outsourcing for MT services. Also, the confidentiality and security of the outsourced work must be governed by the HIPAA standards by all outsourcing medical transcriptionist companies offering their services.

However, there is a big controversy over the fact of outsourcing these services. Most US medical transcriptionists work from their home offices instead of working in hospitals. Hence, these national US transcriptionists outsource their work further to non US-based transcriptionists. So, these transcriptionists from developing countries are paid less and also they are less qualified to carry out the task assigned to them. Thereby, the higher accuracy level of the transcribed reports cannot be assured.

Nonetheless, there are many benefits of outsourcing these services as well. The foremost thing is that your medical employees can concentrate more on other important tasks. You may also overcome the disadvantages of paperwork.

Outsourcing will also help you improve income in your department as you save a lot on costs of medical transcriptionists. Last but not least, you also save a lot of overhead cost as you do not have to pay for any employee insurance and other such added expenses of having permanent employees. So, whether outsourcing for MT services is good or bad depends on your individual perspective more than anything else.

Though the job of a medical transcriptionist may sound easy but without proper training it certainly is a difficult task. You just have to type in the audio file or dictation sent to you and make sure that each word you write is accurate to what has been said. These are the doctor's documentations for different patients that are stored in digital format by the medical institute for future use.

Many medical companies from US have Phillipines and India as their outsourcing partners for outsourcing their MT services. In fact, Philippines have a high literacy rate in the English language and also use English as the second language in different aspects. So, Philippines is making constant efforts to establish itself as the world leader in providing outsourced MT services.

Filipinos are considered to be one of the very few people outside US who can understand the slang and idioms of US and are thereby expected to transcribe more accurately than transcriptionists from all other countries. Apart from US, Britain and Australia are some other countries who assign medical transcription outsourcing services to India, Philippines, Canada and Pakistan.

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