Doctors are meant to heal patients, but if they own a small practice, their time could be tied up in the business of medical charts and the business side of medicine, leaving less time to truly focus on their patients. With increasing regulations and numerous changes in the process of medical coding and billing, it makes sense to take advantage of the benefits of outsourcing medical transcription services.
Medical Transcription Services
Medical transcription outsourcing reduces the direct and indirect costs associated with medical transcription significantly. Operating costs that would have been incurred for in-house medical transcription can be saved and invested in the core business, thus improving productivity as well as profit. Fast Chart has outlined a few ways that medical transcription services let doctors do their job— caring for their patients.
Avoid Burnout with Automated Transcription
The doctor’s main purpose is to help treat patients. If they are forced to burn the candle at both ends by trying to treat patients and care for the charting and coding too, something will give. Doctors are humans too, which means they will eventually become worn out. Because charting and coding are a necessity, the level of care that they provide could dwindle. Rather than allowing that to happen, outsourced medical transcription services can be very beneficial, allowing the doctor’s focus to go back where it belongs, on his patients.
Avoid Mistakes with Outsourced Medical Transcription Services
Mistakes on a medical chart can be very costly to the practice as well as the patient. Even small errors can lead to big problems. Rather than being forced to face those mistakes, putting the lives of patients at risk, or dealing with financial nightmares due to declined or delayed payment on claims, it is best to use outsourced medical transcription services. Employees at a medical transcription company are fully trained in all aspects of medical transcription and are held to the strictest accuracy standards, which helps to alleviate the risk of serious mistakes.
Reduce Overhead Significantly
Medical transcription requires up-to-date technology, which means high overhead, not only for the equipment but also for the employees to handle the equipment. For small practices, this could take up a significant portion of their profits, not to mention make doctors or office staff have to multi-task and learn new things. The amount of overhead that transcription equipment and upkeep requires could be enough to make any small practice struggle. Additionally, transcription services require no upfront IT, hardware, or software licensing and save on office infrastructure.
Enhanced Communication Between Providers
With today’s integrated medical system, information exchange is crucial. A well-maintained patient record for each person would help the doctors in a hospital to ensure that patients are being seen by the right specialists in a timely manner. The flow of medical information between doctors and specialists would definitely enhance communication, which would then help treatment providers arrive at the best possible diagnosis and treatment decision.
As a small medical practice, your main concern should be on your patients, not on the process of medical transcription. When you let Fast Chart provide your medical transcription services, you have a guarantee of timeliness and accuracy, allowing you to put the livelihood of your patients at the forefront of your focus all of the time.
There are certain requirements that your practice simply can’t avoid. Of these, medical transcription is arguably the most crucial. By outsourcing medical transcription services, doctors of small practices can put their full focus back on the patient, where it belongs. Contact us via email or call our office with any questions or concerns regarding our doctor transcription services toll-free at 1-800-334-6606.