Compare Medical Transcription Prices – BUYERS GUIDE 2019
What are Medical Transcription Services and What do They Cost?
In 2019 rates for medical transcription services start at around $1.03 per minute, and can go as high as $3.05 or up. In some cases you are billed by keystrokes which costs about $0.07/character line. The total price depends on the quality of the service and the value added services that the company packages with their offerings.
Here’s What You Need To Know:
Medical transcription services take the task of documenting and transcribing all of a physician’s notes off the hands of busy doctors. Being a physician involves massive amounts of paperwork in most situations. A medical transcription service is charged with taking dictated notes and turning them into neat and orderly typed documents for physicians and their offices. The cost of medical transcription services is usually assessed on a per-minute basis.
Compare Medical Transcription Pricing
Many physicians find themselves operating at a dead run for most of the day. There is no avoiding the fact that working as a doctor is an intense and time-consuming profession. However, by outsourcing the few tasks that can be offloaded to a third party, physicians can free up valuable time to concentrate on their first and most important duty: patient care.
What to Look For When Buying Medical Transcription Services
There are some things that you want to find when looking for a medical transcription service, and others that are absolute must-haves. Foremost among these is the company that you hire must excel at HIPAA compliance. Ensuring the privacy of your patients and maintaining the legal compliance of your business is extremely critical, so look for a company that has multiple levels of checks in place to ensure HIPAA adherence.
Accuracy is certainly something that has to be very important when looking for a medical transcription service. Inaccurate patient notes can lead to improper care, so you should hire a company that has strict policies in place to ensure that the highest possible levels of accuracy are maintained at all times.
Also, look for a company that has a good array of technological options for you to utilize when submitting and receiving your transcriptions. You want a company that can integrate well with the Electronic Records Management system that you currently have in place. It is also nice to have the option of either doing over-the-phone dictation, or uploading recordings from handheld recorders instead. The more technological options the transcription service offers, the more flexibility you have to find the model that works best within your own practice. Some companies are now taking advantage of the built-in microphones in modern smartphones. They have physicians record direct to the phone, as it can double as a recorder and an uploading device.
Though there are many, some of the best medical transcription services with affordable prices are MedScribe, MModal, I-Script, and Acusis.