An overview of the current Transcription Industry Trends:
Hospitals and other health care facilities are increasingly resorting to outsourcing all or part of their medical transcription in the hope that they can reduce costs and delegate this highly complex job to specialists.
They are also eliminating or downsizing their transcription departments and releasing valuable space in their facilities for more productive patient-care related activities.
Some hospitals are meeting their documentation needs by having employees work from home and are relying heavily in computers and telecommunications to make this happen.
Cost analysis by hospitals, clinics, and physician groups has proven that the cost of transcription is much lower when it is outsourced as compared to in-house transcription, with eliminating expenses of recruiting, training, supervision, quality assurance, benefits, holiday coverage, workspace and other overheads such as equipment purchase and maintenance.
Web - based transcription solutions:
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