Speech-to-text software has revolutionized the healthcare space and how healthcare providers deliver care to their clients. It eliminates the tiresome process of writing notes by hand, as well as removing hours spent manually reviewing and editing clinical notes to correct human errors. Medical transcriptionists are no longer needed, and with highly integrated platforms and workflows, the text can be easily injected into EHR systems, which saves both time and money for healthcare practices.
Linking the transcription software with an extensive medical terminology library also means that your terms can be easily recognized by the program and you can relax knowing there is minimal risk of misinterpreted information. Doing so increases the accuracy of your clinical notes, and supports easier navigation of EHR. Especially with voice-activated shortcuts, you can cut large amounts of time producing clinical notes, and spend more time on developing and investing in other business processes. This not only improves the quality of life, and smoothens the day-to-day operations for healthcare practitioners, but practices can also save many hours per day and increase both revenue and patient volume.
Speech-to-text tools are increasingly improving with machine iterative learning, meaning that accuracy will only ever get better. Currently, the average word error rates are less than 6%, and recognition rates are as high as 150 words per minute, which is much faster than the average typing rate. Further improvements will also only see these rates increase. This is great for medical billing and coding processes, who use clinical notes as the basis for reimbursement. More accurate transcripts can result in more accurate billing services, so practices can see that they are efficiently and appropriately reimbursed for the right use of equipment. All in all, speech transcription services and private practice management software can boost the effectiveness of healthcare business operations, and ensure that patient needs can be understood, prioritized, and treated, all whilst time and money costs are saved to inject value elsewhere.