What are some of the benefits to outsourcing medical transcription services today?
Whether an organization begins investigating outsourcing as a way to handle overflow, balance staffing needs, centralize medical transcription services, or as a cost-savings measure, outsourcing can be a great solution when medical transcription volumes vary. Outsourcing allows the HIM director to minimize the staff’s idle time during slow periods, avoid stress and overtime during peak periods, tackle seasonal fluctuations, and account for vacation coverage. Whether it is on a department-by-department basis or a wholesale switch, many facilities find that outsourcing some—or all—of its medical transcription makes the most sense. In fact, the numbers show that there is a good chance it will become more popular. The International Data Corporation reports that U.S. spending on outsourced medical transcription services totaled approximately $2.3 billion in 2004 and forecasts that the market will increase to more than $4 billion in coming years.
