Having become a big cost and resource saver for medical professionals and health care facilities, medical transcription is one of the vital elements in health care delivery in the modern health care industry. Demand for care quality has been increasing and providers’ reimbursement for medical services provided has undergone huge change. All these necessitate medical practices to delegate their transcription tasks to efficient medical transcription companies.
What Makes Outsourcing Medical Transcription Tick?
Medical professionals—especially physicians and specialists who are directly involved in patient health management—are required to handle clinical documentation process apart from providing care. To be able to reap the benefits of text-based documentation by just dictating their patient reports through voice, these busy professionals require the assistance of trained and skilled medical transcriptionists.
Common Data Transcribed by Professional Medical Transcription Companies
Medical history and physicals
Consultation and administration communication
Lab and radiology reports
Advantages of Availing Medical Transcription Solutions from Professional Transcriptionists
Accurate and quick recall of critical information: It takes a lot of experience and expertise to understand medical professionals’ spoken word and convert it into text perfectly – apart from being able to listen and type well, transcriptionists are expected to have knowledge in medical terminology and various procedures involved. Here’s where skilled medical transcriptionists play a vital role.
Timely access to critical medical information: accurate and reliable transcripts presented in the digital form enable easy and quick sharing among different providers or facilities, thus improving the chances of providing prompt and better care.
Time and efforts are saved: busy medical professionals are freed from their computers and are enabled to focus better on their primary function of providing care – they are able to meet more number of patients.
Numina Transcription Services, Inc. has been offering accurate and timely medical transcription solutions to global health care facilities and medical professionals since more than a decade. Logon to www.numinatrans.com for further details.
Effective management of Accounts Receivable is one of the vital areas in medical practices and it consumes a lot of time. It is imperative either to devote quality time on this vital process or outsource the task to reliable third-party revenue cycle management service providers.
Significance of Accounts Receivable in Health Care Facilities
It proves tough and time-consuming to track down the old balances and denied claims. With shortage of resources, not all the practices will be able to spare the time and staff for handling this laborious, yet important task. As it is well-known that the chances of collecting balance payments shrinks with time, it is essential that practices make an all-out effort to avoid delays and denials in colleting payments for services provided.
This demands a focused effort toward achieving an efficient accounts receivable management process that helps maximize practice collections and thus lead to better cash flow. Improvement in collection naturally results in improved bottom line of the practices.
Accounts Receivable Management Best Practices
By following certain A R management best practices, it will be possible to achieve the expected level of payment collection in medical practices. A few of these have been mentioned below:
Timely and comprehensive statement generation: sending out accurate and timely statements to patients is the first step in efficient payment collection
Alternate payment channels: Patient-specific payment options will improve payment collection greatly
Skilled representatives for negotiation: By engaging personnel with high negotiation skills will help speed up the collection process
Regular Follow-up on Payment: Keeping track of pending payments and following up regularly is the best way to improve collection
Smooth Communication: Creating multi-faceted communication channels helps reach out to patients easily, thus resulting in improved payment
Numinatrans handles revenue cycle management of medical practices in an efficient and reliable manner. We have regular training programs that enable our billing and coding staff to be up-to-date.
Numinatrans specializes in providing accounts receivable management solutions to medical practices of all sizes and different specialties. Visit our website www.numinatrans.com for more details.