Thursday, September 13, 2007

What's In It For Me?

In other words, why should the dictating physician care about any of this crap?
Because time is money. And lost time is lost money.

One no longer needs to sacrifice the crucial hours that were once lost because:

  • Tapes were in transit.

  • The transcriptionist assigned to the work had not yet started the job.

  • Hard copy had to be printed out at a remote location and then delivered to the client.

Since work can now be delegated electronically and delivered via the Internet, transcriptionists working from remote locations can upload their work to another computer at any time of day or night. As a result, hospitals and private practices can reasonably demand and receive 24-to-48-hour turnaround time on transcription. Nor are they limited to contracting with local transcription agencies.
Why should the dictating physician concern himself with any of this?

Because the sooner a hospital or private practice is able to submit the completed documentation on a patient, the faster it can be assured of payment from a third party such as an insurance company. And the sooner each payment is received, the stronger the hospital's -- and/or physician's -- cash flow.

[Cartoon #1 ]

Next: Welcome To The Electronic Sweatshop

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