BayScribe generates real cost savings immediately!
While Speech Recognition provides savings for those providers that qualify for it, the cost of entry is typically high; therefore, many facilities have not yet endeavored to deploy Speech Rec.
BayScribe provides tangible savings on every report, Speech Rec or not, by automatically populating information into the report template for the Transcriptionists, increasing efficiency while reducing cost. In addition to the Header & Footer information, there are several other recurring items that can be auto-filled by BayScribe as it is gathered from other systems:
There is no need to pay the Transcriptionists for the lines which are not typed, which equals significant cost savings on every report.
Example:
In the sample below, the orange data constitutes information which could be auto-filled into the report. The total Visible Black Character (VBC) count is 542. The character count with spaces is 608, so at a 65-character billable line this is 9.25 lines.
Calculate that by the pay rate of the Transcriptionist, and that equates to real 'hard-cost' savings for each and every report generated. Using industry-average compensation (.075 - .10 per line) for a Transcriptionist this would equate to a savings of $0.7125—0.95 for a single report. Multiply that by the number of ‘Consultations’ per month or per year and the savings are tremendous – thousands, or even tens of thousands of dollars per year.
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THE NEW MEDICAL CENTER Patient:
LAST,FIRST I ANYWHERE,
MARYLAND 21403 SS#:
123-45-6789 MRN: 00012345678 Date
of Admission: 01/01/2009 Consult
Date: 01/01/2009 Consultant:
Dr. Barry Bean Physician:
Dr. Sonya Beck Room
Number: 1234 |
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CONSULTATION CARDIOLOGY CONSULTATION REQUESTING PHYSICIAN Sonya Beck, MD HISTORY OF PRESENT ILLNESS The patient is a
53-year-old man with a history of an idiopathic dilated cardiomyopathy and a
history of ventricular tachycardia. He
has an ICD in place. The patient
presented with increasing dyspnea over the past few weeks and particularly
bad over the past 3 days. For the past
few days, he has had decreased energy.
He has been unable to sleep even sitting in a chair. The patient had a recent defibrillator
shock, and a check of his device did confirm that it was an appropriate shock
for ventricular tachycardia. PAST MEDICAL HISTORY His past medical history
is remarkable for COPD, idiopathic dilated cardiomyopathy, chronic
lymphocytic leukemia, and chronic renal insufficiency. The patient has had a recent diagnosis of a
urethral stricture and so had a chronic Foley catheter in place. He is also scheduled for hernia repair in
1-2 weeks. CURRENT MEDICATIONS 1. Coreg
12.5 b.i.d. 2. Amiodarone
200 mg. 3. Coumadin. 4. Lasix
40. 5. Flomax
0.4. 6. Digoxin
0.125. ALLERGIES HE HAS A SEVERE COUGH WITH ALTACE. SOCIAL HISTORY He does not use alcohol
or tobacco. REVIEW OF SYSTEMS Review of systems is as
noted above. PHYSICAL EXAMINATION On exam, he is a
normally developed, normally nourished male who appears tired. Blood pressure
is 135/64, heart rate 66 and regular, head and neck: Eyes: Pupils are equally round and reactive to
light. Extraocular movements are
intact. Mucous membranes are moist. Neck is supple. There are no carotid bruits. Lungs show decreased breath sounds
bilaterally. Cardiac exam: He has a normal single S1 and S2. He has a grade 2/6 holosystolic murmur at
the apex. Jugular venous pressure is
15 cm with the patient at 30 degrees.
The abdomen is nontender.
Extremities are without edema. |
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LABORATORY DATA BNP is 151. Sodium 140, potassium 6.6, chloride 109,
CO2 24, BUN 53, creatinine 2.8, glucose 100. EKG shows normal sinus
rhythm with ventricular pacing tracking the atrium. ASSESSMENT A 73-year-old man with
dilated cardiomyopathy who presents with an exacerbation of congestive heart
failure (CHF) and chronic obstructive pulmonary disease (COPD). He also has worsening renal failure and
hyperkalemia. RECOMMENDATIONS We will place him on
Natrecor infusion in view of the increased creatinine to achieve gentle
diuresis without worsening of BUN and creatinine. I will repeat a potassium level now and if
the potassium is accurately greater than 6, we will give 20 g of
Kayexalate. The patient probably would
benefit from a nephrology consult in the morning. [ Electronically Signed
05/13/2005 09:19 By: Barry Bean, MD DD: 05/01/2005 1814 DT: 05/01/2005 1325 TR.XYZ Document ID: 12345678
] CC: Sonya Beck, MD |
In this example, the remainder of the report typed by the Transcriptionist totals 2,360 characters (or 36.3 lines) or 1,970 VBC. At BayScribe's a mid-level system license of $0.01 per line, BayScribe would pay for itself in this example – in fact, more than pay for itself! And if you are a high volume user, the savings are even greater.
Not only is transcription completed at a much lower cost, practically free, but it is also faster on BayScribe. Transcription is performed more quickly because the web-based application is simply more productive than the traditional phone-based or VPN-based transcription approach by companies like Dictaphone. While employee costs are more difficult to quantify, there is no doubt that these are real costs... just ask your CFO.