Medical Transcription involves transcribing the notes of your doctor/physician and converting them into electronic files for future reference
. The medical system in the United States is completely based on insurance and hence scrutiny of the files is necessary to process it. So in order to create medical documents in a profitable manner, they outsource it to offshore medical transcription companies. Hence in such situation MT finds its importance.
Why offshore?
In the last few years countries like India have shown a drastic improvement in performance at medical transcription due to the boom in Information Technology. English is a familiar language to Indians and hence the problem over language is solved. Another aspect is the savings in cost. Since cheap labor is available here, the foreign companies make profit by offshore medical transcription services.
Reduction of costs
Another huge bonus while going for offshore medical transcription is that you dont have to bear the initial installation costs. These offshore companies already have experience in medical transcription, so that you dont have to give training to them which reduces your costs further. The only thing that needs to be managed by the company is giving deadlines for the offshore company and ensuring that the work gets done.
High quality outputs
Apart from reduced expenses and increased profit, outsourcing also helps you get the best products. Since the offshore companies are competing with each other to attain business, they deliver high quality output on time. In their run to give high quality output, you end up getting the best from the lot. You also get to choose the best offshore medical transcription company out of a lot of options.