MEDICAL TRANSCRIPTION SERVICES
Industry Overview:Outsourcing Medical Transcription Services
A Medical Transcription Industry Association (MTIA) survey indicates that nearly half of all the health care industry's transcription workload is placed with outsourced programs companies offer.
The percentage continues to climb as the demand for transcription services is growing by an annual rate of 10% to 15%. This is partly due in fact that outsourced transcription is often more attractive from a financial and productivity stand-point than hiring, retaining and paying domestic trained and certified staff.
A big trend with many providers of medical transcriptions is to outsource the documents to oversee companies instead of hiring local transcriptionists. In fact, the Association of Medical Transcriptionists (AAMT) estimates that 8% to 10% of the outsourced transcription is now being sent overseas. However, outsourcing these services overseas is risky - those who have done so have encountered numerous quality problems, suggesting that a large number of offshore transcriptionists have language barriers or do not have adequate training or transcription and medical education. These factors can compromise the safety and integrity of the documents being transcribed.
Here at Fast Chart - the transcription division of Applied Medical Services - we are committed to only hiring domestically-located Medical Transcriptionists that meet our rigorous standards and training. Fast Chart prides itself on providing quality, accurate outsourced services to meet each client's increasing documentation demands to support billing reimbursement, risk management, and the need for more data. Feel free to call our office toll free: 1-800-334-6606 with any questions.
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