opportunity

Improve Productivity With Medical Transcription Outsourcing

medical transcription

Nowadays healthcare industries face a lot of challenges in improving both efficiency and quality. So, to maintain separate hard copy charts of patient’s history notes and treatment is interminable task and may often lead to inaccurate outcome.

With the advent of digital technology outsourcing medical transcription saves a lot of time, increase productivity and decrease overhead cost. Along with that, it provides fastest delivery of correct medical documentation without any flaws.

 

Medical Transcription Outsourcing

Medical transcription is the process of conversion of voice files into paper or electronic format which can easily be reviewed, transmitted and stored. It converts voice-record reports into text format which is dictated by physicians or other healthcare professionals. But to acquire accurate medical transcription is a difficult task and also require deep experience.

Outsourcing medical transcription can help to streamline operations as it is done by professionals. That’s why it is one of the best remedy that many healthcare providers have discovered to reduce expenses and maximize existing internal resources maintaining high quality healthcare services and patient care.

 

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Why will you choose medical transcription outsourcing?

In the challenging demand considering time and budget, managing medical transcription can be burdensome. To meet these demands faster possible way, transcription service providers use more advanced technology, highly skilled staff and outstanding quality control measures. Let’s find it out the benefits of choosing outsourcing to medical transcription:

 

Help to concentrate more on patient care

In-house medical transcription department can cost you lot of time and money in hiring in house staff. But if you choose medical transcription outsourcing it can help you to reduce investments to a great extent. This can help you to serve better healthcare and patient services.

 

 

 

 

 

 

 

 

Deliver Highly Accurate Transcripts in  Less Turnaround Time

Outsourcing medical transcription gives you access to professional skilled staff deliver highly accurate transcriptions in shorter turnaround time.

 

Maintain HIPAA Compliant Medical Transcriptions

In order to ensure optimum accuracy, outsourcing service providers deliver medical transcriptions according to HIPAA compliant medical transcriptions standard

 

 

Medical Transcription Outsourcing

 

 

 

 

 

 

 

Help To Maintain Detail Records of Patient

Medical transcription outsourcing helps you to maintain detail documentation records of patients which improve efficiency in workflow and help you to serve your patients more professionally in a better approach.

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Outsourcing medical transcription can provide you with faster turnaround time with high accuracy without the need of managing your own staff or infrastructure which increase productivity to gain more patient feedback.

Top 5 Benefits To Choose Outsourcing Your Business Process

BPO

There are some factors when you need to consider outsourcing your business processes. Not only startup companies with small fund but also some of the established companies may also need to outsource their business.

In today’s competitive world where new ideas are always emerging, it has become impossible to maintain work-life balance. Overworking cannot be an alternative to success in business. Best way to manage and plan for a successful business is to outsource some of the functions rather than to keep all tasks in house desk.

 

BPO does more than saving time and money

outsourcing

A common thing that comes in our mind when we think about BPO (Business Process Outsourcing) that it only allows us to saves time and helps us to focus on major part of the business. But the fact is, BPO does more than that.

 

Let’s find out the benefits to consider outsourcing your business process:

Improve Efficiency:

 

You and your team are working late hours at office but still you are not being able to manage time to finish work before deadline. This is happening may be because the workload is much higher than the regular schedule or there is lack of skill set. Now, think if you consider outsourcing then you only had to focus on the core responsibilities that you ought to do and the other things are handled by skilled professionals expertise in those areas. In this way a consistency is maintained in terms of quality and performance.

 

Increase Scalability:

bpo

 

To hire a permanent employee is much tougher than to hire an outsourced employee, because fixed employee has to go through training period which can cost you both time and money. But on the other hand an outsourced employee is experienced enough and doesn’t have to go through training period. Again, there is no need to think of hiring or firing of an employee, as you easily can fix the changes when you need to increase or decrease the size of your team. This helps you to easily scale changes against your business needs.

 

Gain faster customer response:

 

Through BPO you can gain more customer response and feedback, because you can know about their demands easily and work accordingly. On the other hand, in fixed workplace people get less amount of time to think about the customers and their growing needs which make their customer satisfaction metrics to slow down. But in BPO, the relation between you and your customer get stronger as they provide you with 24/7 customer support.

 

Set work-life balance:

 

You and your employees are tired of taking work stress. Your workload is so high that you can’t even think of a recreation. Sometimes you even had to miss personal life events as you had to finish your work. But think about it, if you switch to BPO, there is chance of about 50% of work to be lessened which can even help you to get enough time to polish your skills.

 

Saves time and money:

bpo outsourcing

This is the prime factor of choosing BPO, both of your time and money is saved profusely and you can save enough to invest on other sides of your business. Most importantly it helps to increase productivity and efficiency at workplace.

 

BPO along with saving time and money works with you being a helping hand to grow your business and improve your performance. It builds a bridge to access highly trained employees, helps you to scale your business according to your needs, set a proper work life balance, keep in budget your time and money, and ultimately helps you to gain faster customer feedback.

Accounting BPO: Next Outsourcing To Rock Bangladesh

accounting bpo

Thinking of hiring a bunch of professionals to manage your financial needs? Are you out of time and budget? Then choose a shortcut, start working with accounting BPO. Accounting BPO not only control costs and manage risks but also drive business strategy along with revenue growth.

What is Accounting BPO?

Accounting BPO (Business Process Outsourcing) plays a vital role in BPO industry. The work of accounting BPO is to do account related task such as payroll or a part of a work for another business organization. It is implemented as a cost-saving measure and has a high impact on business growth which helps to gain productivity.

Accounting BPO services:

  • Accounts Payable Processing
  • Accounts Receivable Functions
  • Preparing Balance sheet
  • Bookkeeping Services
  • Tax Preparation
  • Year-end financial report
  • Invoice Factoring Functions
  • Cheque Postings
  • Payroll Processing
  • Accounts Reconciliation
  • Document Management
  • Invoice Entering
  • Verification And Collection calls
  • Financial Statement Preparation

 

 accounting bpo

Why do you need to outsource your finance department?

  • Fractional use of finance and accounting professionals
  • As it is maintained by a third party so you don’t have any obligation to pay salaries or benefit costs
  • It alleviates the burden of hiring, training and maintaining accounting staff which result in fast utilization of time and efficient workflow
  • Provide a high level of flexibility with emerging technology and cloud-based applications
  • Your confidentiality, risk management, governance and improved security of your accounts information is maintained under close supervision with a bunch of professionals.
  • Budget and space saving

 

Impact of Accounting BPO in Bangladesh business sector:

Zunaid Ahmed Palak, Minister of State for Information and Communication Technology said, “Bangladesh government has declared information technology and BPO as the top priority after RMG. Finance and accounting outsourcing has become an integral part of the BPO sector.”

With the advance of business industries, numbers of BPO sectors in Bangladesh are increasing day by day to solve the huge amount of accounting chores to maintain business expandability. This sector of the country has got a lot of new opportunities to flourish.

With accounting BPO one can hire professionals from other offices located outside their area and can work with the team. Tuhin Khondokar, Chief Financial Officer of bpo.com.bd says, “There are many clients working with us from Rajshahi, Chittagong, Narayanganj and other areas outside of Dhaka, and we are serving our clients with the best that we can”. So, through accounting BPO one can easily get accustomed with the current trend of business flow with cost effective solution and can get the most benefit from any part of the world.

accounting bpo

Bangladesh BPO Potential Emerging

BACCO president Ahmadul Haque told The Independent that Bangladesh has all the elements to make its BPO sector a success.

“If you look at both India and the Philippines, you will see that despite poor infrastructure and internet connectivity, the BPO industry is expected to continue to flourish, mainly due to abundant English-speaking labour supplies and BPO-friendly government regulations there,” he said.

“In Bangladesh, youths are increasingly turning towards improving their English-speaking skills. The rates of IT and business education have also shot up many times. The government has also pledged to support this industry. All these indicate that we are in the position to take the industry to the next level.”

He said Bangladesh is also evaluating its competitive cost advantage over other emerging countries. “It is located in a geographically advantageous location for BPOs in terms of its time zone. It’s a big plus for us.” Ahmadul said initially, qualified professionals should enter this industry. “This is because we would not be able to get the contracts from the foreign companies unless we can impress them with qualified professionals. Once we get the contracts, we can employ amateur youths and get them trained by the professionals.”

The problem is, he said, there are qualified people here who do not want to take up the jobs because they prefer more secure day jobs, as the BPO sector feels “too temporary”. “But in the Philippines, there are employees who leave their day jobs for higher wages in BPO jobs.”

He added that in the closing day of this year’s summit, some 21,000 curriculum vitae (CVs) were submitted by youths wanting to work or train in the sector during the summit. “These youths are very enthusiastic and eager to join the BPO industry.”