Archive for April, 2011

The Advisability of Mandatory Certification and Credentialing for Medical Transcriptionists

Saturday, April 2nd, 2011

There is a mandatory credentialing movement afoot which would require all medical transcriptionists to become certified.  To be certain, mandatory healthcare credentialing is not without precendent.  Many health occupations require mandatory certification and credentialing.  There is certainly a rationale for mandatory credentialing among medical transcriptionists given the sensitive nature of the documents they work with on a daily basis.  However, it is not clear that a mandatory medical transcriptionist certification requirement would result in an increase in the level of competency of medical transcriptionists or an improvement in patient care.

Medical transcriptionists represent the front lines of the health documentation process.  In partnership with the dictating physician, they are the final gatekeepers for the medical record.  And while the physician has final say and responsibility over the content of the medical record document, in reality, the medical transcriptionist is often the last person to participate in the production and final modification of a patient record.  As a consequence, the influence of the medical transcriptionist in the development of the patient health record, and the need for competency, cannot be overstated.

The effective safeguarding of vital, confidential patient information demands a rigorous training, oversight, and ideally credentialing process for medical records documentation specialists.  AHDI (The Association for Healthcare Documentation Integrity), serves as the primary gatekeeper for industry credentialing for medical transcriptionists and medical language editors.  AHDI has aggressively promoted the CMT (Certified Medical Transcriptionist) credential, augmenting the exam substantially in recent years with significant foreign-physician dictation and speech-recognition components. Additionally, recognizing the need to attract new talent to a high growth industry, AHDI has rolled out the RMT (Registered Medical Transcriptionist) exam, which is targeted primarily to the entry level medical transcriptionist.

Impact and Influence of the Medical Transcriptionist on the Final Quality of the Patient Medical Record

How important is the medical transciptionist to the integrity and accuracy of the patient medical record? Quite simply, the medical transcriptionist is fundamental to the final patient record outcome.

While every attempt is made to create a completely verbatim medical transcript, the reality is that medical transcriptionists are called upon to continuously render judgments with regards to sometimes ambiguous or marginally intelligible dictation. Not infrequently, a trained medical transcriptionist will catch physician dictation errors, which must be corrected and brought to the attention of the physician.  Judgments are made based on the context of the dictation. Where a medical transcriptionist is unclear or where there is clear ambiguity, the physician will be called upon to clarify. Protecting the accuracy of the patient record along with the confidentiality of that record are two of the most important objectives in the medical records production process.  However, a third and not far distant objective is speed and efficiency. Successful patient outcomes quite frequently and literally require extremely rapid turnaround of patient documentation.  As a consequence, medical records departments are continuously managing the tradeoffs between the pressure to meet turnarounds and the need to maintain a high and uncompromised level of quality.  Expert quality control oversight systems are critical to simultaneously achieving these frequently conflicting objectives.

Clearly, it is imperative that medical transcriptionists, quality control specialists, and their managers and supervisors be fully trained, competent and ideally, credentialed.  The profession requires an exacting level of knowledge and training to protect the accuracy of patient records.  Errors in the medical records process, whether the fault of the dictating physician or the medical transcription unit, are unacceptable and highly risky.  A 2004 medical records error analysis study conducted by AHDI (then AAMT) concluded that 63% of the errors discovered in the study were determined to be critical in nature – having the potential to negatively affect the health and safety of the patient.

The Case for and Against a Medical Transcription Certification and Credentialing Requirement

AHDI has long argued, and recently more emphatically, that the medical transcription industry would be better served with a fully credentialed staff of certified medical transcriptionists. They insist that little would be lost and a great deal would be gained with mandatory certification of medical transcriptionists.  While a credentialed staff would certainly bring a minimum level of standardization and a demonstration of competency, the call for a fully credentialed medical transcription workforce is not without its problems.

For starters, the vast majority of active medical transcriptionists are currently uncredentialed.  Requiring these seasoned professionals to take time from their careers to meet the certification study, testing, and continuing education requirements would not be costless, particularly from an efficiency standpoint.  Taking your highest volume producers out of the production process for any period of time would have a measurable negative influence on an industry already burdened by capacity constraints.  Additionally, there is the cost of credentialing and certification and cost of periodically  renewing the medical transcription certification for tens of thousands of transcriptionists – which would not be inconsequential.

Of course, if a case could be made that the credentialing process would reduce the medical record error rate attributable to medical transcriptionists in a meaningful way, the costs and tradeoffs of medical transcriptionist certification may prove to have a good return.  However, there has been little evidence presented that would suggest if and to what extent such a quality improvement would occur.  It is an issue that will almost certainly continue to be pressed and that merits additional analysis.

7 Simple Laws for Financial Success and Peace of Mind

Friday, April 1st, 2011

In these tumultuous times, it is easy to fall into a financial tailspin.  However, with a little thought and perseverance, we can avoid the devastating mistakes that can result in years of financial misery. Here are 7 suggestions that almost anyone can achieve.  Following these 7 simple financial laws will allow you sleep at night and avoid financial calamity.

1. Spend Less Than You Make. This is the most fundamental and important of all of the seven laws. If you can not or will not abide by this law then please read no further. It doesn’t matter if you earn $1,000 per month or $20,000 per month. You can always live beyond your means. Conversely, you can almost always live within your means, no matter how modest.  If you can’t live on $3,000 per month without overspending your budget every month then you won’t be able to do it at higher levels of income either. This is a fact. Because the true measure of financial success begins and ends with the ability to generate a surplus each and every month. End of story.  For more help on making this happen read on.

2.  Know Where Your Money is Going. To achieve true financial success you need to know where virtually every penny is going each month. This may seem like a tedious and stingy mentality. The reality is that if you are like most households, you fritter away hundreds of dollars each month that you are completely unaware of. At the end of the month you scratch your head and wonder where it all went. After all, it was just a few dollars here and a few dollars there.  Guess what? By the end of the month it adds up to real money. By knowing exactly where each dollar is going, you are in a position to take control of your day to day financial decisions. Cut back on those discretionary expenditures that suck up large amounts of money without your realizing it. They are sabotaging your ability to comply with Rule #1 above. You must get to the point where you bring your spending in line with your income and generate a surplus for investment. This is the ultimate financial magic bullet.

3.  Pay Yourself First. Taking some money off the top of your paycheck and squirreling it away into a safe investment each pay period is the surest way to get ahead. When the money comes out before you see it (and more importantly before you get the chance to spend it),  you are forced to live on a modestly lower income. One of my favorite tricks is to put a larger portion of each raise I receive into this automatic savings plan because again, it is new money – money you will not miss if you (and your spouse) never see it. Automatic 401K deductions work nicely for this. It helps if there is a matching feature attached to your employers plan. You should always get in the habit of maxing out the matching options offered by your employers. This is free money and a quick way to increase your nest egg.

4.  Limit Yourself to One Credit Card and Pay off the Entire Balance Each Month. This is absolutely critical to your financial solvency. Maintaining a hoard of credit cards increases the likelihood that you will begin to max out all of the balances and find yourself in a highly leveraged financial situation.  A credit card should ONLY be used as a convenience – not as a loan vehicle.  Consumer debt is the enemy of financial freedom.

5.  Pay Cash for Everything Except Your Home. Even Cars? Yes! Especially cars! This may sound like a heresy, but if you begin by purchasing a modest used car for $3,000-$4,000 and then sock away the money you would have put into a car payment into a special account just for auto expense, you will be surprised at how quickly you will be able to save enough to buy a nicer car.  Oh and don’t trade in your used one. Either keep it or sell it yourself,  you will get a lot more for it than a dealer will ever give you.

6.  DO NOT TAKE OUT A SECOND MORTGAGE ON YOUR HOME! This practice has been the kiss of death for millions of Americans. This is a great time to buy a cheap home. There are abundant foreclosures and short sales for record low prices.  In many cases these homes are selling for far less than it would cost to replace it. You can do the math but it won’t be long before the prices will go back up to at least replacement value. It is a no brainer to buy now if you DON’T OVERDO IT.  Like our car example above, buy something you can afford NOW. Don’t take on a burdensome debt (if you are wondering if you can afford a particular home, refer back to Law #1!!).   With interest rates at historic lows, you should be able to get into a home purchase for about what you would pay for rent. You get instant equity, a tax deduction, and a home of your own. Over time you will pay down your loan and end up with a free and clear home!! Now that is the ultimate Freedom and still a big part of the American dream. And it is totally within your reach.  Just resist the temptation to EVER add a second mortgage to your home.  This will cripple you for life!

7. Establish an Emergency Fund. This is one of the things that will bring you the most peace of mind as you navigate through an uncertain economic environment. Having three to six months worth of income set aside in a safe interest bearing account will do wonders for your stress levels, peace of mind and overall financial and emotional well being.  This will obviously not come overnight, but it can be done if you set an aggressive goal to add to an account a little each paycheck.

There you have it. This is not rocket science. Most people who get into financial distress (which includes almost everyone at one time or another) do not realize that these very simple financial laws are so easy to follow. It just takes a little resolve to set yourself apart from the crowd.  Good luck!