Future of Medical Transcription

If you are considering a future in Medical Transcription or you are presently working as one, the more aware and knowledgeable with the updates or changes going on in the field of Medical Transcription the more secured and relaxed you will be. With the introduction of Voice Recognition System (VRS) in assisting practitioners with creating patient medical documentation has caused insecurity to many who are in this field presently or thinking of starting their career in Medical Transcription.

But hey folks! No need to worry as these Software changes/improvement is not going to effect you too much as they are not 100% accurate and there will always be need for professionals with understanding of medical terminology with quick typing skills and a good command over English to aid with patient records and to help out physicians with their documentation for medical coding requirements. Of course, these softwares will be of help to some point to ease up the work process, but again, the future in Medical Transcription today also is bright if you have all the skills/capabilities fulfilling the requirements of the standards set.

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Why is clinical documentation and good medical coding important?

As we are heading towards ICD 10 implementation process, following steps will help the providers to maximize the insurance reimbursement:

  • Documentation supports coding which is the basis of correct revenue and reimbursement. Otherwise a practice could be losing revenue
  • Documentation is necessary for complying with quality measures
  • Quality information supports care management and making sure protocols are followed
  • Proper documentation supports proper payment and reduced denials
  • Captures the level of risk and severity
  • Patients deserve to have accurate and complete documentation of their conditions
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