Transolutions

Medical transcription is repeatedly identified by healthcare expert as a key area for medical facilities to reduce costs without sacrificing quality and service. Because, transcription lies outside of a healthcare institution’s traditional core competency, it can be provided more efficiently by a professional transcription service organization. As a result, the trend nationally has been to outsource all processes associated with transcription.

The benefits of outsourcing transcription services includes:

• Skilled labor — Access to a larger, more experienced and qualified pool of Medical Language Specialists. Hiring, training and retaining the best Medical Language Specialists necessary to meet your demands generally requires sacrificing both service and costs.
• Cutting Edge Technology — Access to emerging technologies and technical talent without additional capital investment.
• Higher Productivity and Faster Turnaround Times — Transcription service companies offer a different corporate culture and compensation structure than is traditionally found in most hospitals, resulting in better production and quicker turnaround, along with night, weekend and holiday coverage.
• Cost Effectiveness — No financial investment is required for workspace, equipment, training, benefits, overtime compensation, supplies, management staff, maintenance, report generation, etc.

According to the Experts

"…respondents are aware of the costs of their salary and staff, but relatively unaware of the costs regarding benefits, workspace or equipment." — From the published report of the MTIA 2000 Transcription Market Assessment.

Organizations that "remain in-sourcing the majority of their total workload risk the loss of substantial potential savings in this tight financial time." — From the MTIA published report entitled Rethinking Transcription.