Companies like to keep numbers and they would only listen to benefits if the numbers fit. When it comes to medical transcriptionist services, the benefits involve high numbers.
Take for example the present economic condition in the United States which has the highest demands in medical transcriptionist work. To cut costs it is better for a company to outsource this work for it would be more cost effective.
In the United States, hiring a medical transcriptionist would mean at the very least $30.00 and some as high as $70.00. This is very expensive when compared to the rates asked for by medical transcriptionist services in India. For one thing, if a company were to hire their own transcriber, they have to deal with health insurances, vacation leaves, sick leaves, bonuses, etc. With outsourcing, the jobs are under contract and there are no leaves to speak of. In fact, if there is a rush job needed, the numerous transcribers under the employ of the service companies can handle it easily with no complaints.
The quality of the work is also to be trusted for these service companies make sure that only the very best are trained. They don’t have hundreds waiting in line, they really do train only a handful to ensure that quality is maintained. They also have proofers and editors who are trained just like the transcribers and could make short work of correcting any errors.
The software needed for the medical transcription can be pretty expensive, not to mention the hardware. These service companies already have their own high quality software and hardware so the transcribing is the only thing that is to be paid for. This means thousands of dollars in savings which a small company needs to remain in the black.
The outsourcing will leave the management of the health care facility concentrate on the running of the company core functions as well as new business ventures. This will also make sure that the company can concentrate on the important aspects of the business while saving money and man power.
The facility will also not have to deal with the training. Remember, it takes about six months to produce a good medical transcriptionist. This is time which could be very costly for the facility, time that they cannot afford to lose. The outsourcing service companies will already have the trained personnel who can receive the voice file and immediately attack it.
The costs saved in terms of hardware, software and manpower is enormous. This is a cost that, unfortunately, no sane management could afford to spend especially with the way things are now doing economically. It is unfortunate that the bottom line in the decision making is to lower the costs, but that is what business is all about.
More and more are turning to the medical transcriptionist services as provided by India for it is the only reasonable thing to do. Lowering the costs while at the same time speeding up the process of transcribing will only result to saving more lives and making treatments available faster.