Medical practices might experience numerous problems if they attempt to handle medical transcription in-house rather than hiring a medical transcription company.
The following are seven problems your medical practice can avoid by hiring a medical transcription company.
Inaccurate medical transcriptions
Contracting with a medical transcription company will most likely result in a higher level of accuracy in your transcriptions. When you work with a medical transcription company, your transcriptions are handled by experienced professionals who specialize in medical transcription.
Errors in medical transcriptions can cause big problems for a medical practice, so avoiding them by working with a medical transcription company is always an effective strategy.
Difficulty hiring staff with medical transcription qualifications
Many medical practices struggle to hire enough staff with the knowledge and qualifications they're looking for. This is especially true when medical practices need to hire staff with medical transcription experience along with numerous other healthcare skills.
Working with a medical transcription company can make hiring easier for you by doing away with the need to look for staff with medical transcription training.
Problems complying with changing HIPAA regulations
Failure to fully comply with HIPAA regulations can be very costly for medical practices. At the same time, it can be difficult to fully comply with regulations and practices that change periodically.
When you work with a medical transcription company, your medical transcription service can handle HIPAA compliance for you and leave you to focus on better serving your practice's patients.
Expense of purchasing in-house medical transcription equipment
Computers, software, and other types of equipment may be needed by your medical practice if you want to handle medical transcription in-house. If you outsource to a medical transcription company, you don't need to worry about acquiring, maintaining, or storing such equipment.
Overworked staff members
It's especially important to hire a medical transcription company if your staff members are overworked and don't have enough time to handle transcriptions. Working with a medical transcription company takes some of the load off of your staff and therefore results in a higher level of employee satisfaction.
High labor costs to pay in-house staff to do transcriptions
Crunch the numbers and you'll most likely find that it's less expensive to hire a medical transcription company than it is to pay transcription staff in-house.
You'll likely struggle with higher labor costs if you handle transcription in-house, so working with a medical transcription company will probably improve your bottom line.
Difficulties accessing information freely across your practice
A medical transcription company does more than simply handle transcriptions for you. These companies can also help you find better information access solutions at your practice.
This can make it easier to share information and records across your practice's entire network for more streamlined and effective IT solutions.