Date: January 9, 2014
Time: noon - 1 p.m. PT/3 - 4 p.m. ET
CE Credits: 1 PD
Description: EHRs were projected to reduce the need for transcription. That plus improvements in the quality of speech recognition coupled with the ever increasing need for healthcare providers to cut costs has placed tremendous pressure on the medical transcription industry to decrease MT compensation. However, with slower-than-anticipated adoption of EHRs by providers coupled with concerns about quality and fear of inaccurate documentation and over-billing due to inappropriate copy/paste and template use, a skilled medical transcriptionist can be the economical choice when faced with passing time-consuming tasks on to the most expensive person in the documentation workflow – the physician – and can serve as the extra pair of eyes to validate structured and encoded data intended for consumption by the EHR.
It is imperative that transcriptionists and transcription providers be “lean and economical” if the industry is to continue to play a part in the creation of high-quality clinical documentation. Understanding various methods of compensation and the real economics of transcription can help.
Attendees will learn about:
- Where the intersection between transcription and EHR rests
- The real cost of eliminating transcription
- Measuring the real impact of transcription and how this affects compensation
Speaker Biography: Shaw Rietkerk is the Vice President of Operations at M*Modal, responsible for managing domestic and global service performance, customer satisfaction and the integration of acquired companies into the M*Modal operations model. He has over 20 years of healthcare industry experience within the clinical documentation area, including an extensive background in operations, account management, and technology support services. In his tenure at M*Modal, he has led many initiatives at M*Modal involving the integration and standardization of multiple global and domestic company’s operational processes into one standardized workflow model. Prior to M*Modal, he was Sr. Vice President and COO of Practical Knowledge Solutions, where he managed multiple consulting projects, focused on the startup of global and domestic transcription companies.