Archive for the ‘Medical Transcription Companies’ Category

  • Growing Expectations from Transcription Companies

    Several healthcare organizations today look for a medical transcription system that is able to meet their future needs. Cost savings, cost restructuring, improvement in quality, and access to talent are some of the major requirements hospitals demand which “makes the outsourcer a change agent.”   A large number of Medical Transcription Service Organizations (MTSOs) have gone on consolidation mode because of “mergers and acquisitions, greater emphasis on adoption of EHRs and spread of health information exchanges across the nation,” says an article that appeared in the fortherecordmag.com.  The article, quoting Bob Thomas, a HIM consultant for transcription and computer-assisted coding says ...Read More »

  • The presidential elections has seen and will continue to see a lot of revelations within the field of healthcare technology, medical transcription outsourcing amidst other offshore activities driving jobs out of the US.  Ask an American why the Presidential elections are so important this year and his answer would be: it is the time to obtain mandate for action in 2013. What action he expects in 2013? Take steps towards arrest spiraling healthcare costs and unemployment. The 2012 elections have set the stage for a battle between the Democrats and Republicans over the Affordable ...Read More »

  • In order to promote adoption of electronic health records (EHR) across the country, the U.S. health department has taken various steps including promulgation of the HITECH Act 2009 and the PPACA 2010. The American Recovery and Reinvestment Act 2009 (ARRA) has allocated $36 billion towards implementing the “meaningful use” of EHR in 2010. ARRA aims to implement the health exchange and information system of all Americans by 2014.   Faced with challenges rising out of ARRA directives, Medical transcription service organizations (MTSOs) have started evolving. It has already started making efforts to ...Read More »

  • “Meaningful use” is part of a coordinated set of regulations aimed at creating a private and secure electronic health information system. This rule prescribes that the use of a certified Electronic Health Record (EHR) should be meaningful; it should be capable of exchanging health information electronically for improvement in quality of health care; and the EHR should support clinical quality measurements. Simply put, the rule demands that providers should prove they are using certified EHR technology, the performance of which can be measured in terms of quality and quantity. Action Plan Center for Medicare and Medicaid Services (CMS) has elaborately ...Read More »

  • The CLASS Act 14th of October, 2011. The U.S. media has reported that Obama Administration has stopped work on health reform’s Community Living Assistance Services and Support Act (CLASS Act) because of difficulties in implementing it. The CLASS Act which was aimed to provide insured long-term care coverage to a larger base of American people thus became a non-starter. Background The concept of CLASS Act took shape from the need for long term care. In an effort to reduce Medicaid costs over a certain period, legislators wanted to shift long term care from the publicly funded program to an insurance based program. ...Read More »

  • Medical transcription has evolved to become a crucial pillar in a successful healthcare service. Nevertheless, the global financial crisis has been also reflected on the healthcare sector and reduction of the costs of medical transcription is indispensible. So, how can you reduce your medical transcription expenses? Picking up the right voice transcription software is crucial if you are planning to shrink your medical transcription budget. Even if you have hired human transcriptionists, efficient voice transcription software can reduce their working hours and hence, aid in reducing your expenses. Outsourcing the US work load of medical transcription to offshore transcriptionists has proven ...Read More »

  • Nowadays, numerous medical transcription software programs are available which renders the task of picking up the appropriate program for your office or medical facility a rather tough one. This article will help you decide which one is the best for you. Identify your needs, and then head for the internet: You must do a thorough research through the internet before choosing a medical transcription software program which you would be stuck up with for years and years. Proper identification of your office's needs, the magnitude of flow of patients and your estimated budget are the main points you should bear in ...Read More »

  • Medical transcription, medical billing and medical coding are sometimes used interchangeably, despite the fact that they are somehow different from each other. Nevertheless, the 3 represent careers that are indispensable for the medical profession. Thousands are now working as medical transcriptionists, medical coders or medical billers and have built successful careers, even through working from home. In some instances, medical billers, medical transcriptionists and medical coders work in clinics, hospitals and/or doctors' offices. All 3 careers need adequate understanding of medical terminology, physiology and anatomy. Medical transcription refers to the profession which is centered on the process of conversion of audio ...Read More »

  • The advent of the internet has created millions of work opportunities for people who prefer to work from home. Medical transcription has been recently marketed as decent, yet profitable, online career opportunities that can help almost anyone earn a living via working from home. So, what is the truth about this? Can you really make a good sum of money by working as a medical transcriptionist? The answer is yes as thousands of people around the world nowadays earn USD 40,000 to USD 80,000 a year through work-from-home medical transcription jobs. The most interesting part of being a medical transcriptionist is ...Read More »

  • Medical Transcription – Quality or Cost? Two vital factors of medical transcription are safety of patients and integrity of patient records. While clinicians and hospitals are directly responsible to patient care, Medical Transcription companies are responsible for accuracy and safety of records. With margins getting thinner and thinner and possibility of another recession looming large over its head, hiring organizations are sometimes found choosing low cost transcription services that do not contribute to value. Cost considerations are very much relevant but a low cost has no meaning with a patient record that lacks integrity. How Prepared are Medical Transcription ...Read More »