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INDUSTRY TRENDS AND POTENTIAL THREATS

The most conceivable and recognizable threat to the medical industry as a whole is the emergence of voice recognition software. However, in spite of the advances in this technology, it has been difficult for the computer to grasp and analyze the human voice and the English language with all its diversity. Besides, as much of the software develops, there will still be people needed to edit what is transcribed by the software.  Hence, there will continue to be a need for skilled medical language specialists who expand their education and have the knowledge to identify and edit the inevitable errors created by speech recognition systems and who have enough understanding of health records to create an accurate final document. Medical transcriptionists will therefore remain the ultimate qualified persons to discern the nuances of human speech-indeed, the ultimate speech processors.

How Much is Your Time Worth?

Very Expensive & Time Consuming Technology Voice Recognition, Point & Click, Drop N' Drag

Are you fed-up with trying to train voice recognition software?  Do you constantly have to stop to correct errors or retrain words and commands?  Do you have the time to proofread dictation?  What happens if there is a virus or a malfunction?

Are you tired of waiting for the screen to flip with the "Point & Click" "Drop-N-Drag" hand-held devices?

Are these Very Expensive software programs and hand-held devices 100% reliable? 

Medical transcriptionists are a physician's first-line of defense against medical malpractice lawsuits. 

C&C Transcription, Inc. will save you time (efficiency and accuracy) and  money.

Doing template-based/EMR charting and transcription takes a lot of time in clicking, selecting, and entering data at the point of care. Moreover, it is very inflexible and needs a lot of training. If we calculate the AGGREGATE MONTHLY TIME spent on template based charting, we will discover that the worth of time spent this way is many times more than what you would have paid to a transcription agency

Same is the case for voice recognition software. Transcripts produced by voice recognition requires a lot of editing. The software needs a great deal of training and is very inflexible. The worth of AGGREGATE MONTHLY TIME spent on the process is much more than the amount that would have been paid to a transcription agency.

Providers who use offshore companies are facing an unusual twist on the HIPAA issue. Offshore companies are not subject to US regulations, but the physicians who use them are!

Major concerns exist over the quality of work coming from outsourcing to these offshore companies.  These companies may increase the risk to patients and physicians and is likely to increase susceptibility to malpractice. There are numerous reports of outsourced (offshore) transcription filled with errors, many of which are clinically significant Independent tests have found the accuracy rates of these offshore companies to be only 60%.

 

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