medical billing transcription supplier information

SAN FRANCISCO -- Broadlane, the leading provider of innovative business services for the healthcare industry, today announced the launch of the healthcare industry's first comprehensive program to lower medical transcription costs that is expected to save typical healthcare providers more than 30 percent over current best prices. The unique service will leverage aggregated volume in highly competitive global contracts and standardize pricing methods to eliminate upcharges.

To create its one-of-a-kind service, Broadlane experts conducted a yearlong strategic sourcing process that analyzed transcription industry economics, operations and technology to identify best-in-class service providers and to enact optimal contract terms for Broadlane customers.

Broadlane's rigorous process addressed the most pressing needs in the medical transcription industry: price reduction, service level tracking, standardized billing methods, qualification and use of offshore transcription, subcontracting practices, qualification of technology platforms, and commitment by service providers to HIPAA compliance.

Transcription industry billing practices vary in terms of the unit used to charge customers, billing standards for determining the volume transcribed, and turn-around times for completed, accurate documentation. These factors, combined with an increasingly tangled web of both U.S. and non-U.S. subcontractors that are sometimes unknown to the client, have made transcription a major cost area and growing risk category both operationally and legally.

"Transcription is a hot-button issue for executives across Broadlane's customer base and in the healthcare industry as a whole," said Cal James, senior vice president, physician services, at Broadlane. "Our rigorous focus on both cost and quality and our menu of services will allow any facility or physician practice using our Medical Transcription Service to achieve significant, ongoing operational simplification and improvement and dramatically reduce costs."

# posted by Medical Information : 5:15 AM