What Makes Medical Transcription Services Affordable Medical transcription companies play a vital role in the medical field. Documentation work along with clinical responsibilities increases the workload of physicians and healthcare organizations, which may lead to shortcomings in providing proper care for patients. In such cases it is advisable to depend on a transcription company that can provide quality transcription service at an affordable price. Such companies will be a great support to multi-specialty hospitals and clinics and allow them to focus better on core activities. Transcription companies use modern technologies and skilled professionals to provide value-added services. Affordable transcription service is made possible by providers that have offshore facilities in countries where labor is cheaper, without compromising quality and accuracy of output in any way.
Factors that Decide the Affordability of Medical Transcription Service Affordability is a major consideration when outsourcing transcription jobs. Reputable transcription firms can provide cost savings up to 30- 40% for their clients, along with ensuring high confidentiality of patient data. 
Advanced technology and lower labor costs: Offshore locations such as India have highly qualified, trained and experienced transcriptionists to provide timely transcription. Medical transcription outsourcing companies
already have in place all the technology and tools required for competent and accurate transcription. They can offer customized transcription solutions in a timely manner. Established medical transcription companies bill on the basis of NET/ASCII line, which is equivalent to 65 printable alphanumeric characters and spaces. Transcription firms sensitive to client requirements will offer cost savings in the range of 30 – 40%. This means that you can invest money in more core programs while at the same time enjoying flawless transcription. You gain easy access to the expertise of the transcriptionists as well as the latest dictation equipment without investing money for the same. Utilizing the facilities provided by your service provider is by all means more costeffective than maintaining an in-house transcription department.
You must understand that pricing depends on factors such as the type of practice, quantity of audio files, upload frequency and quality. Thus the pricing may vary according to your unique requirements. Look for the Following Features in a Medical Transcription Company Here are some features to look for in a transcription company that offers affordable services.
Staff working 24/7, 365 days Constantly trained transcription staff Ability to meet any turnaround time requirements HIPAA compliance A dedicated team assigned to each client 3 levels of quality control 99% accuracy Convenient dictation options such as digital recorders, toll free number and computer dictations Secure 256 bit AES encryption for file transfer Browser based transfer of files and availability of FTP or e mail systems EMR interface, transcription server interface Availability of full workflow modules Free trial to help evaluate the company’s service
The right medical transcription service provider can take your practice to the next level. Before entering into a contract, search for various transcription service firms, compare their features and services and then opt for a firm that can meet your specific requirements.