Contracting out could get down the direct labor expenses. When availing outside support for transcription the healthcare facility is essentially gaining to the workforce of their company without practically adding the people on their roster.

The healthcare provider not only benefits in terms on man hours, investments and effort towards recruitment, training, office space, utilities, remuneration and other benefits. But also get all the advantages of having access from a large source of medical transcriptionists, who have been selected, developed and made always on hand to healthcare facilities any time they need them.

By outsourcing the healthcare provider can also rest easy about job scheduling, allocation, supervision and keeping tabs. There will neither be waste of transcription capacity due to lower patient inflow nor delays because of rise in patient inflow. Their weekend and holiday transcription requirements will also be provided for.

While these are the advantages that are occur from availing outside support for, it is important that time is taken to find the right medical transcription company to be their vendor for healthcare transcription needs The transcription company   needs to be evaluated to make sure that the below given benefits are availed of:

Suitable workforce:  The accuracy level of healthcare transcription completely depends on the caliber of manpower doing the job. Evaluate the contracting out company to see if they have the right kind of manpower working for them. This can be ascertained by analyzing their training procedures. Choose a transcription company that believes in undertaking the work through captive medical transcriptionists and training them to be domain experts in areas of medicine

Suitable technology: Recording and transmitting dictation, retrieving finished reports, organizing of records, keeping tabs on the status of the files uploaded etc., is essential that the technical support base of the transcription company chosen, is the latest, flexible and simple

Accuracy/ Quality of work: Correct information of finished transcripts is of utmost importance while selecting the transcription company. A transcription company that offers assurance of at least 99% accuracy should be satisfactory

Optimum delivery time: The turnaround time:  of finished reports are of highest priority for delivering quality care, receivables and other purposes Getting reassurance a commitment on the delivery time:  for transcripts and adaptability for stat reports should be ascertained before finalizing

Security of data: Maintaining HIPAA compliance of patient data is critical during transmitting transcripts to and from through electronic media. While availing outside support for the transcription requirements of a hospital it is vital to make sure that the service provider is HIPAA/HITECH compliant

Reasonable pricing: The major benefit of availing outside support for is that of improving the bottom line of the hospital. Ensuring that the medical transcription company offers a fair price and uses a billing method that is definable, verifiable, measurable, consistent, fair and honest will ensure a long-term association

Once the medical transcription company has been assessed on all these factors, cost gains that come from having quality medical transcription and from having reduced direct labor costs can be enjoyed long term

Renee Kelly has written numerous articles on transcription services, which has served as an amazing resource for healthcare facilities and healthcare professionals seeking medical transcription services.