Medical Transcription Errors Can be Costly

Errors in our medical records can become an expensive mistake. Experts warn that medical transcription errors along with outdated information and inadvertent omissions can put to risk our ability to secure individual health, life or disability insurance. Even if we do get insurance coverage, inaccurate data can also become the reason for us to pay much more than we should.

According to a very recent study conducted by the New York based health issues researching group Commonwealth Fund one-fifth of working-age adults who seek insurance coverage are turned down. They get charged higher because of pre-existing conditions or are offered plans that exclude some types of health issues.

What are the types/causes of errors during transcription? These include,

• Difficult voice recordings
• Lack of judgment of transcriptionist
• Not clear audio
• Speed of dictation
• Dictation accent
• Omission of process step
• Knowledge errors

From where else do the insurance companies get their information? From credit rating companies like the MIB. MIB Group, Inc., also known as the Medical Information Bureau, is a membership corporation and credit rating agency that serves the North American insurance industry. It collects and furnishes information on for use in the insurance underwriting process. In addition to an individual's credit history it also collects data like medical conditions, driving records, criminal activity etc.

Outsource Strategies International (OSI) is an Oklahoma based company that offers professional services in medical transcription, medical billing and medical coding.