Monthly Archives: October 2017

Expansion of the Medical Knowledge Industry

Medical translation services are crucially important for patients who have a lack of knowledge about their medical conditions, where most available information is in a foreign language. Health care providers should ensure that they can truly understand the needs of their patients. Hence, in order for health care providers to help patients in giving them proper medical care, utilizing medical translation services are beyond helpful and useful for the welfare and health of every patient.

The United States, where many immigrants from different countries chose to settle down seems to have a problem in the communication between people that have a mother tongue other than English, like for example Italian or Spanish. Interestingly, the United States do not have a national or official language, although the English language is clearly the primary language used for regulations, federal rulings, and other official pronouncements. However, using and recognizing the mother tongue of immigrants in the United States is required not only for personal and primary inquiries but also highly needed for immigrants or patients during episodes of medical care.

Hospitals, doctor’s offices, and medical researchers are just a few examples of institutions that deal with patient health condition. Understanding patients’ situations is not always easy; gaining their trust and helping them understand about their medical needs requires medical practitioners to develop a clear knowledge about a patient’s medical history in order to give the most appropriate care. This is when a knowledgeable and well- experienced medical translator is essential, to ensure that proper medical care is being given to the patient.

Pharmacies and medical equipment companies should also utilize medical language translation services in order to securely convey the meaning of medical procedures that are written in one language to another.

One of the most increasing group of immigrants in the U.S, are the Vietnamese native speakers. Today, the U.S Government believes that most Vietnamese immigrants come originally from rural areas in Vietnam, which includes farmers and fishermen. Hence, it is most likely that most of these new Vietnamese immigrants have very poor English language knowledge and are less familiar with Western ways. Thus, utilizing accurate and professional medical translation is needed.

Providing accurate medical translation can help new immigrants to be more comfortable and welcome to the new society that they belong in. Ensuring the quality of the medical translation is just one of the main important factors that are necessary to help immigrants deeply understand about their medical condition.

There is an extreme importance for professional medical language translation providers to continue their study in the medical and technology field. This is because nowadays, modernization and knowledge in medicine is rapidly evolving. Thus, it is very vital that medical translators should be updated and knowledgeable about the expansion and increasing pace of the medical industry.

Choosing The Right One

When you just need a little something extra, some time to escape, and perhaps a little pampering, you can’t go wrong by heading to your local medical spa. Medical spas, or medspas, as they’re sometimes called, are facilities which have a medical focus to the relaxing atmosphere commonly associated with day spas.

These businesses offer minimally invasive services for individuals hoping to improve their appearance and sense of being without the hassle of surgery or an extended recovery time. In this article, we will outline a few tips to help you decide which practice is right for you!

Questions:

1. Who is the director?
These facilities should be overseen by a qualified physician whose specializes in the skin-related or aesthetic fields. A good example would be a dermatologist or plastic / cosmetic surgeon.

2. Where is it located?
Does the director have a local office, or does he practice in a different area? In the case that the doctor is not nearby, take note. This may be a warning sign.

3. Is the doctor readily available to see patients at the spa in order to answer questions or in case of complications?
You should keep in mind that procedures such as injections (fillers, Botox, etc,), certain facial peels, and laser hair removal and each medical procedures which need be performed by a trained professional with the same type of care you would expect in a doctor or surgeon’s office. If you find yourself in a situation that needs addressing, the director should be available to discuss your options.

4. What type of schedule does the physician have?
Knowing that the physician keeps a set schedule with which to evaluate patients is very important. This is a good sign that the doctor plays an active role in the business and that they would be available to see you if needed.

Medical Supply or Medical Testing Company

Although many experts speak of gloom and doom in the medical industry, the fact is that this industry keeps growing by leaps and bounds. Every year, the demand for medical services, medical testing (e.g. MRI Centers, Testing Centers, etc) and medical supplies keeps getting stronger. This trend is expected to continue as the population ages.

However, even though the growth trend looks good, running a medically related business keeps getting more and more challenging. In the past, doctors and medical suppliers could expect to get large and quick reimbursements for their services. Cash flow was reasonably easy to manage. However, Medicare, Medicaid and 3rd party insurance companies have put in place strict compensation guidelines. These guidelines can be summarized in two simple points: you can look to receive less money than before and you should be prepared to wait longer to get paid.

This creates a financial “perfect storm” for medical industry companies. On one hand, you are getting paid less and waiting longer for your money. On the other hand, your operating expenses remain the same or perhaps are higher. You still need to pay your employees and your suppliers. In almost all cases, this limits your ability to pursue new opportunities and grow your business. In some cases, it may even threaten your ability to continue to operate your business.

Is there a way to “fix” the cash flow problem?

If your business’s main cash flow problem is not being able to afford to wait 30 to 90 days to get paid by insurance companies and Medicare, then factoring your invoices could be the right solution for you.

The factoring proposition is very simple. Factoring is a way of financing, in which a factoring company provides you with advance payments based on your outstanding accounts receivable (or invoices). You get funding as soon as you invoice. The factoring funds it and waits to get paid until the insurance companies or Medicare pay the invoices.

Factoring has advantages over loans and lines of credit. First, factoring financing lines do not have arbitrary limits. The maximum amount of monthly financing is solely determined by your ability to invoice. If your business grows, your financing grows automatically. Also, factoring companies don’t require the same collateral that banks do, so new businesses or doctors’ offices can usually qualify easily.

How does medical work?

The process is fairly simple. Once an agreement is established with a factoring company, it works as follows:

1. Your office submits your weekly (daily or monthly) billings to the insurance company and to Medicare/Medicaid. (note: sometimes this task can be handled by the factor on your behalf)

2. Your office sends a copy of the billings to the factoring company.

3. The factoring company advances you up to 85% of Net Collectables within 48 hours. Funds are sent by wire or direct deposit. The remaining 15% is called a “reserve” and used to settle billing discrepancies at time of payment. This is returned to you once the invoices are paid.

4. The factoring company waits to be paid by the insurance company or Medicare/Medicaid.

5. Once the factoring company is paid, they settle out the transaction and rebate you the remaining 15%, less their fee.

Cost efficient Medical Transcription Outsourcing

The job of transcription is done by well trained transcriptionists. Medical Transcription Outsourcing from India has lately been a favorite option among foreign companies. There are many reasons that are making outsourcing an easy process for them.

The Medical Services Outsourcing has been a convenient option because it saves on the infrastructure of building a separate department for transcription and also saves you the time of training them for the same. It is cost-cutting and suitable also. In fact, other advantage that keeps them from the meticulous process is that, in India there is cheap labor and so it gives you a leeway to keep the costs low and in budget. The experts and the transcriptionists in India are very well trained to know the minor nuances of this job and they are even highly skilled with their English language. They have quite good knowledge about the medical jargons used and the terms that the doctors use to avoid any flaw in the reports as it is extremely crucial. Any mistake done can cost a great deal as it is based on these reports that the doctors would further continue with the treatment of the concerned patient. It is a job of high responsibility.

Transcription in India is also very suitable when the doctors want a faster turn-around of the reports i.e. they get the transcribed reports at a much faster rate. Many young people are willing to work hard for this process and are increasingly seeking a job in the field for the same. So it has become a very high seeking job for better returns and their interest in the medical field if they have no medical qualification also. Countries like USA have been merging with many institutes in India for getting their process of transcription done. This has also been a great influence in the countries having communication and business together which is good for economy of both the countries.

If not directly, they hire agencies to conduct the process of transcription for them. The transcription companies make sure that their clients demands are met right on time and also the accuracy is well taken care of. They take care that the quality of reports is also very high. The Medical transcription outsourcing helps you focus on your own business management and helps to concentrate on the smooth functioning rather than just wasting time with the medical transcription work. It opens doors for new talent and employment opportunities increase multifold for aspiring transcriptionists.

Beneficial medical transcription outsourcing

The healthcare industry has its plate full of work and therefore in order to save them from some burden of their work the concept of outsourcing the work is done. Therefore the medical transcription outsourcing saves a lot of time of the healthcare institutes .here, an outside agency is taken into a contract to do the medical transcriptions. The transcribers then listen to the healthcare professionals; this can be in an analog form or digital format, which is then converted by them into a text format. The file that is prepared by the expert consists mainly of the medical test report, the patient’s history, operation reports and various such reports.

Reasons for rise in demand of medical transcription outsourcing are:

Outsourcing or hiring an agency to do the medical transcriptions saves a lot of time and money of the healthcare organization. If the organization would have come up with in-house medical transcriptions then they would have to hire all the things required for making a medical transcript. The people that would be hired would also require additional training; this again involves a lot of cost. Therefore the better option available is to do the medical transcription outsourcing.

Outsourcing services even cut down on the infrastructure cost as the space required for the equipments is large; therefore you save money if you outsource the job. If you outsource the job to a developing country then again you cut down of 40-60% of your cost. The quality of the work that you get is also excellent. As the agencies that are working as medical transcription service providers, they would ensure that the services that are rendered to you are also high.

Medical transcription outsourcing also gives you the transcripts on time as well as ensures that there is 99% accuracy. They would always try to retain the clients that they are working for and this is done by delivering the best of results.

The people who are working on getting your transcripts ready are experts in their work and will therefore aim at providing the best of servicesArticle Submission, which in turn benefits the healthcare organization as they get transcripts that are having zero errors.

Medical transcription outsourcing helps you focus on your management and concentrate on the other areas of business rather than just getting stuck with the medical transcription work.

One of the main benefits of Medical transcription outsourcing is that it has opened door of employment for many. There are people who are trained to become transcripts and they get an opportunity if more and more companies come up who just specials in medical transcripts.

The benefits of Medical transcription outsourcing are many and therefore more and more organizations are adopting it.