Digital Transcription Service

Digital audio transcription is a process where the digital audio files are converted into transcripts for companies without the time of manpower to do the same. The service used by the companies can widely vary; from law to medical, insurance to construction, IT to media, it’s a huge list. When you outsource your digital audio transcription to a professional transcription company your can really save time and you can concentrate on other things.

In modern days people have very less time, they caught up in a very fast moving world, first thing in the morning have you ever sat down at your desk and wrote about the things which you need to do for that day? I never finish my list by home time. For all businesses this is the same; getting jobs completed gets delayed because of not enough time. Having extra pair of hands would be so valuable in this present moving world. How to manage this? The service of a digital transcription company can be really handy for this.

Certain types of files which are used in digital transcription process are mentioned below.

1). WAV – This is also known as WAV files. It was one amongst the first audio file developed for use with the PC. WAV file can also be shrunk to 12th of its original size. Due to its very large size it created many problems so consequently it is not much used in the recent days.

2). MP3 – This is used in music as compressed WAV file. MP3 format can be recorded in many digital recorders.

3). WMA – Windows Media Audio files. With all Windows based PCs this file comes, these files were especially developed for Windows Media Player. These files are more compressed; it is even more compressed than an MP3.

There are many types of transcriptions which will come of these formats; they widely range from teleconferences to interviews and everything in between.

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Low Cost Medical Transcription

Medical transcription is one of the most challenging jobs that requires excellent auditory and highly developed analytical and execution skills embedded with professionalism to obtain superior quality transcription work.

Keeping in mind all your transcription requirements, we welcome you to TRANSDYNE family– a reliable, secure, and cost-effective medical transcription, medical billing, and medical coding service provider. TRANSDYNE offers cost-effective and fast transcription services giving you accuracy to the utmost level. Our medical billing and coding professionals have experience with ICD 9, AAPC medical coding, and HCPCS, serving our valued clients with specialization in electronic and paper claim processing.

Transdyne utilized its extensive background as an information technology company to develop a system that electronically receives/sends dictations and medical transcription over the Internet to save time and money. We guarantees you savings of 20% to 50% over your current transcription service.

TransDyne is based on the premise of providing consistent and quality service to all of our clients, at all time. Our commitment to provide quality medical transcription work and client satisfaction is our top priority. Our medical transcriptionists and management staff take pride in our reputation for prompt and accurate transcription service.

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Inspite Recession, Medical Transcription industry unaffected

In spite of the total economic downward trend, the medical transcription (MT) industry research another growth maintained with flood by a report/ratio of the NASSCOM declaring that the recession did not strike the industry of health care.

The reverse is the tendency in the provisioning outside medical transcription in the USA, which are pilot atrocious wear in the broad scale in HIM, financial sectors, manufacturing and others.

According to a report/ratio of NASSCOM, the industry of MT Rs will be worth 40 billion from here 2010 and could use as much as 50.000 people. It provides that this industry is here to remain during at least 10 years.

It estimated the size of the industry of the MT of the USA, which is in the range of around $ 12 million 2005, would reach $ 16.8 billion from here 2010. One expected that work off-shored is in the area of $ 860 million 2010, which one expects that India captures $ 647 million. India remained a destination at sea preferred mainly due to the availability of the maturity of industry and labor.

The report/ratio also provided that the force of the employees of 18.000 of 2006 in the suppliers India-based of MT would reach 52.000 from here 2010. For an industry which was too pilot of the obstruction, too fast in India, a report/ratio led by the international consultation based to HAVE of Stevens expected that the value of the provisioning outside MT in the USA doubles from here 2005 to $ 4 billion. India could take not less two-third of this increase, providing work to 45.000 transcribers.

There is currently a shortage of qualified medical transcriptionists – and the population trends suggest that the prospects continue to be favorable during some time still. The medical goods transcriptionists typically do not have any problem in the use of obtaining and maintenance.

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Basics Facts about HIPAA

HIPAA touches nearly every aspect of modern medicine. Therefore, it is of utmost importance that any company dealing with healthcare services complies with the rules and regulations of HIPAA.

Congress passed the Health Insurance Portability and Accountability Act (HIPAA) in 1996 to set a national standard for electronic transfers of health data. Simultaneously, Congress saw the need to address growing public concern about privacy and security of personal health data. The task of writing rules on privacy eventually fell to the U.S. Department of Health and Human Services (HHS). After several modifications, DHHS issued the HIPAA Privacy Rule.

The Privacy Rule was effective on April 14, 2003, for most health care providers, health plans, and health care clearing houses. The US Health Insurance Portability and Accountability Act of 1996, referred to as HIPAA, contains many elements dealing with a broad range of health related issues, including patient privacy and security standards.

HIPAA applies to “covered entities”, including:

*Health plans
*HMO’s, health insurers, group health plans including employee welfare benefit plans
*Health Care Clearinghouses
*An entity that processes health information going from a health care provider to a payer
*Certain Health Care Providers
*Those who use computers to transmit health claims information

The privacy regulations were released to implement requirements of the administrative simplification section of HIPAA, requiring:

*Standardization of electronic patient health, administrative and financial data
*Unique health identifiers for individuals, employers, health plans and health care providers
*Security standards protecting the confidentiality and integrity of “individually identifiable health information”, past, present and future

However, the organizations not covered under HIPAA. Some of them are:

*Life insurance companies
*Workers Compensation
*Agencies that deliver Social Security and welfare benefits
*Automobile insurance plans that include health benefits
*Internet self-help sites
*Those who collect health data you give voluntarily for surveys or research projects
*Those who conduct screenings at pharmacies, shopping centers, hometown fairs, or other public places for blood pressure, cholesterol, spinal alignment, and so on.
*Researchers who obtain health data directly from health care providers
*Law enforcement agencies

HIPAA touches nearly every aspect of modern medicine. Therefore, it is of utmost importance that any company dealing with healthcare services complies with the rules and regulations of HIPAA.

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Home Medical Transcription For Great Income

Have you ever thought about starting a home based medical transcription business? Many people have thought about it, and have taken action. This is one of the most popular methods of making money from home and working for yourself. Are you ready to be independent and say goodbye to the 9 to 5?

Home based medical transcription is one of the most popular choices for a home business. Why? Because it's easy to learn if you don't have experience, start up costs are very low, and you can make as much money as you want to make.

We have researched home medical transcription to save you time and found out everything you will need to know to live your ultimate lifestyle. Gain the freedom to do what you want when you want. You and your family deserve to know more about this brilliant opportunity.

Whether it is online medical transcription courses, employment, jobs, schools, training, work at home or a home based medical transcription business - we have the answers...

Maybe you want to start with medical transcription training at home then we have the information for you.

We have looked at the online training opportunities and researched the medical transcription schools.

The feedback we have found will help you make the best decision on the medical transcription home study that is right for you.

If you want to know more about the medical transcription work at home opportunities that are available then we can help you there as well.Medical transcription at home jobs can be either part time or full time positions. This means that often you can fit them in around family life.

The financial pressure that often comes onto a household when a parent stays home for the children can be eased when you become a transcriptionist.

Building Your Own MT Business

What does it take to run your own business? Motivation is very important. You must be able to work on your own, without supervision in order to be successful in any home business. You must also be prepared to set goals, make out a business plan, and take action on it. Marketing your business is one of the most important aspects of being successful.

With experience as a business mentor we will also help keep you on track to start your own medical transcription home based business. This home based business is the fastest growing industry in the world. Medical transcription from home is becoming one of the best opportunities on the internet.

There are important tips for running a business at home that make your life flow a lot more smoothly.

You will be returning a good hourly rate in an industry that is tipped to grow as the baby boomer's age. This has to be a better option than many employees face with redundancy threats and so much low quality management in business.

Home medical transcription will make the difference to your family's lifestyle when you learn the secrets to setting up your home medical transcription business. Sphere: Related Content

Medical Transcription - An Emerging Profession

Medical Transcription is the process of interpreting and transcribing the dictation made by doctors or other health care professionals regarding patient status, treatment procedures, diagnoses, prognoses, etc. With medical transcription of dictated data from physicians, the medical transcriptionist may also edit the text that is produced by voice recognition software. Medical Transcription is the translating of dictations made by a doctor. As a result, it requires an extensive knowledge of medical, pharmacological and anatomical terms.

In the past medical transcriptionists would listen to dictations and type it themselves, but with the dawn of technology and voice recognition software, this has become unnecessary and today, for the most part, the medical transcriptionist merely edits the output of the software. However, the editing process can range from a few corrections to major changes because voice recognition software still hasn't been perfected and probably never will be due to the wide variety of speech variations and dictating habits of health care professionals.

Aside from medical knowledge, a quality transcription requires a transcriptionist to have excellent listening skills because they must be able to simultaneously interpret dictation while typing, they must also have an exquisite knowledge of English and grammar, proofreading and editing skills, a high state of analytical skills in order to analyze and convert spoken words into meaningful writing, as well being adept in the use of transcription equipment and computers.

Medical Transcription has been seen as writing in ancient caves and in documents of lost civilizations, but still the purpose of medical transcription and the medical transcriptionist remains the same and that is to keep a record of a patient's medical status and treatment.

However, it wasn't until the late 20th century that Medical transcription was recognized as a profession. Initially, those who did medical transcription were labeled as typists, word processors, medical secretaries or dictating machine operators. This was and still is a highly unjustified job title for those who practice medical transcription because the profession requires a wide knowledge of medical terms. Thus, in 1999, Medical Transcription was assigned its own job classification and those practicing it were officially called medical transcriptionists.

Medical Transcription as a profession is very underground and most people might not have heard about it. However, medical transcription is an essential profession in the every growing health care industry... especially to health care staff that does not have the time to put into writing every single bit of information that they gather from patients. As a result, the demand for qualified medical transcriptionist professionals is continually growing and because the number of new procedures coming into the market doctors don't have the time to transcribe all their findings.

Medical Transcription as a profession is very versatile as well. Medical transcriptionists, can acquire after a few years of education, work from medical transcription firms. Medical Transcription firms receive dictations made by doctors and in turn, these orders are turned over to medical transcriptionists to be transcribed.

A medical transcriptionist can also work full or part-time at home. Currently, the American Association for Medical Transcription is governing body in the United states that certifies Medical transcriptionists, although you won't need a certification to be able to work as one, a certification form the AAMT, will surely increase you're "market value" and credibility.

Medical transcription is no longer merely listening and transcribing the words dictated by a doctor. Medical Transcription is evolving and now requires specific education centering on medical language, knowledge of Greek and Latin prefixes and suffixes, anatomy, physiology, disease processes, medical science and procedures, medical instruments, pharmacology, laboratory instruments, laboratory test results, medical reference material techniques and many more.

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Benefits Of A Medical Transcription Business

You have decided to start a home based business. Now the problem is choosing which business to pursue. Usually, before a person decides to begin their business, a lot of research needs to be done. Your demographic area determines if the product you have to sell will be in demand by the public. Marketing a product that is already saturated in the area in which you live spells disaster for your business in its infancy. This article cuts through all of that research and presents you with a home based business product whose demand will continue to increase over the coming years.

Medical transcription is an at home business that offers tremendous benefits for those who choose to pursue it. One benefit of this business is setting your own hours of operation. The problem with traditional office jobs is that they are not structured to accommodate children’s school schedules, family illnesses, and emergencies. My children go to school late so going to work at an earlier hour means leaving them home to see themselves off to school in the morning. The flexible hours that this home based business provides allows you to tend to family issues as they arise. You don’t have to get permission to leave work because you are the boss!

Another benefit of a home based business like this is the low overhead. “Overhead” refers to the costs involved in operating your business that are subtracted from the bottom line to determine your business profits. Other new businesses that require a building or need to employ workers will have higher operating costs including employer provided health insurance.

At home, the cost to you will be limited to the equipment used to retrieve the dictation, a computer with word processing software (if you don’t already own one), a desk, a chair, and a phone. Most of what you need, you may already have. Also, these things can be written off on your taxes as a business expense, and that includes the square footage of the room that you choose to be your base of operations. Less overhead costs equal more profits for your business.

Medical transcriptionists are employed in hospitals, doctor’s offices, and transcription services. Most companies that hire medical transcriptionists require hospital experience. Length of service differs from company to company. The beauty of this field is that you can work in the hospital setting to gain the necessary experience and grow your business at the same time. Working part-time in a hospital or office will give you a feel for the industry in your particular area. Joining a professional medical transcription organization will help you network among others in the profession to increase your business.

Beginning any new business requires time and hard work. A medical transcription business offers low overhead, flexible work schedules, and a product that will stay in demand as long as there are doctors. These benefits make it appealing to those who are tired of the grind and want a more balanced family life.

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