Home » Health

How Does Your Medical Transcription Company Calculate Cost?

Mar 23, 2008
When your hospital or medical office makes the choice to find a transcription company that can manage the task of medical transcription, there are a number of different things that you should be looking for. First, you want to be absolutely certain that your outsourced medical transcription information is secure; you want to know that the transcription company that you work with is HIPAA compliant and that they take every possible step to ensure that your patients' files and information are secure. Then you want to be sure that there is no risk that you will be overcharged for the transcription work that is done for you.

Some medical transcription companies look at the work that you send them as simply money in the bank. They quote you a fee based on the page - but what they don't tell you is that there are factors that can affect the amount of information that fits on the page. They aren't clear about the size of the margins on each page, what font they'll use or how many lines fit on the page. The same concerns arise if the transcription company that you use charges by the report: whether your report is page long or 1 page , you're paying the same amount.

Some medical transcription companies also charge work based on the concept of the "gross line" - if a line has text on it, it's counted, blank lines are skipped. Just like medical transcription costs that are calculated by the page and by the report, however, this can lead to some variability when the cost is calculated. Different fonts can make it so that fewer characters fit onto a line. Larger margins can reduce the amount of space for text; so can the ways in which the formatting and justification are set by the transcription company.

Well, what about a transcription company that charges by the minute - that could be fair right? It often sounds as thought this is an ideal way for a medical transcription vendor to calculate cost, until you consider the fact that different dictation systems produce different dictation times, as does the rate of speech for those individuals who dictate their notes. In other words, when your outsourced medical transcription is billed by the minute, it's still difficult to know whether or not the price that you're getting is fair for the work that's being done.

I would like the keystroke to be addressed too

The only way to know that your medical transcription costs are being calculated fairly is to know that the transcription company that you're working with focuses on character lines as defined by the American Association for Medical Transcription. This definition is clear: a line is defined by the number of characters - letters, numbers, spaces and punctuation - necessary to the report. A set number of characters will be defined as a line by the transcription company, and a fair price will then be set.

Transdyne calculates their medical transcription costs based on character lines as this is the only fair and honest way for the costs of services to be determined. Does your transcription company do the same?
About the Author
TransDyne is the new standard in digital medical transcription service and electronic charting. TransDyne utilized its extensive background as an information technology company to develop a system that electronically receives/sends dictations and medical transcriptions over the Internet to save time and money. Visit http://www.transdyne.com Transcription Service
Rating:
Please Rate:
(Average: Not rated)
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Accounting
    • Credit
    • Currency Trading
    • Debt Consolidation
    • Insurance
    • Investing
    • Leasing
    • Loans
    • Mortgage
    • Mutual Funds
    • Personal Finance
    • Stock Market
    • Structured Settlements
    • Taxes
    • Wealth Building
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources