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The field of medical transcription has undergone tremendous progress because of constant advances in communication and Internet technology. Outsourcing medical transcription has proved to be an extremely popular and profitable option for the medical industry than transcribing the medical reports in-house.

o When you outsource your medical transcription, you no longer have to own a dictation system or worry about upgrading to the latest equipment.

o All your capital expenses for supporting dictation and transcription are greatly reduced. Labor cost is 40 - 60 % more in doing the medical transcription in-house comparing to outsourcing.

o The direct and immediate advantage of outsourcing medical transcription is cost reduction, reliability in turnaround time and total security than doing it in-house.

o Excellent Language skills, cost-saving & turn around time are the major advantages of outsourcing medical transcription to India. India has a vast pool of English speaking resources.

o Medical transcriptionists are graduates and most of them are science majors. The wage levels of medical transcriptionists in India are considerably lower than those in the US or other developed countries.

o India is several hours ahead of America and Europe; Indian medical transcription industries can offer the natural advantage of quicker turnaround time.



Problems faced by physicians while outsourcing their medical reports:

In terms of medical transcription, instead of the health care institution providing in-house transcription, they outsource this function to a 3rd party company. This way, they can focus on more important stuff related to health care and need not bother with other things such as medical transcription. Outsourcing of medical transcription also has some negative impacts.

Medical reports outsourcing for transcription can be a threat to security and confidentiality. The physicians are forced to carefully select the process and the provider for outsourcing. It is more difficult to manage outside service providers than managing one’s own employees working possibly in the same building.


Although outsourcing most of the times is cost-effective at times the hidden costs involved in signing a contract while signing a contract across international boundaries may pose a serious threat. If the turn around time is missed or delayed, the physicians don’t and can’t have the managerial control.


A possible loss of flexibility in reacting to changing business conditions, lack of internal and external customer focus and shari
ng cost savings may also be a disadvantage of outsourcing. Other disadvantages of outsourcing the medical reports for transcription may include unfavorable contract lengths, loss of competitive edge, problems in contract renewal, and contractual misunderstandings.


<a href=”http://www.medicaltranscriptionsservice.com”>Medical Transcription</a> from iSource at cost-effective rates and fast turnaround. Medical Transcription Company Toll free 1-877-323-4707

bio-chem

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Better patient care is given when you get doctor buy in to a speech recognition system.