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MediLynx Transcription Solutions MediLynx
is a leader in advanced, cost-effective medical transcription solutions. MediLynx
gives you a high degree of flexibility in choosing the best dictation method for
your specific needs. Our file transfer systems accept telephone dictation from
any analog or digital phone line, which means that you can dictate into our systems
from any telephone, 24 hours a day, seven days a week. MediLynx also accepts audio
files from any digital handheld recording device, and we provide the secure tools
necessary to transfer audio dictation from your PC. Our services enable you to
complete the transcription cycle within 24 hours for as little as one half of
the prices that other services charge, while ensuring security, accuracy, and
reliability. Solutions Within Your Budget  A
two-page report may contain up to 20 lines, with approximately 1,300 characters,
including spaces, header/footer, logo, etc. MediLynx can save you money in a variety
of ways as shown below:
| | Scenario
1
| Scenario
2
| Scenario
3 | Scenario
4 | | Current Practice Costs | | | | |
| | | | | | | Annual
Practice Transcription Cost | $50,000 | $125,000 | $200,000
| $275,000 | | Average Spend/Line |
$0.20 | $0.20 | $0.20 |
$ 0.20 | | No. Of Lines/Year | 250,000 | 625,000 | 1,000,000 | 1,375,000 |
| Lines/Month | 20,833 | 52,083 | 83,333 | 114,583 |
| | | | | | | | | | | |
| MediLynx Value Proposition | | | | |
| Contractual Cost/Line* | $0.15
| $0.15
|
$0.15
| $0.15 | | Actual Number of Lines Transcribed
** | 187,500
| 468,750 | 750,000 | 1,031,250 |
| MediLynx -- Practice cost | $28,125
| $ 70,312 | $112,500
| $154,687 | | Net Savings ($) | $21,875
| $
54,687 | $ 87,500 | $120,312 | | Net Savings As a
Percentage | 44% | 44% | 44% | 44% | *
MediLynx prices may vary
** 25% of lines such as header, footer, etc., on a
page are system generated, resulting in lower number of lines transcribed.
| Small
Practice Cost Saving Scenario | | In-House
Vs. MediLynx | | |
In-House Fixed Cost |
MediLynx Variable Cost |
Savings |
Payroll (Fixed Cost)
Benefits (Fixed Cost)
Transcripts
/ day
Cost per line
Cost per 20 Lines Transcript
| $40,000
$6000
35
$0.23
$5.26 | $0
$0
35
$0.15
$3.00 | $ 40,000
$ 6,000
$0.08
$2.26 |
Local
Transcription Service Vs. MediLynx | | | Local
Transcription Service | MediLynx
Cost |
Savings | Cost Per Page (Usually 2 Pages Per 20 Line
Transcript)
Pre-printed Letterhead
Envelope& label
Total Cost
Per Transcript
|
$6.00
$0.08
$0.50
$6.58
|
$3.00
$0
$0
$3.00
|
$3.00
$0.08
$0.50
$3.58
| Bottom
Line: In-house: -
MediLynx can save you approximately $80 per day on volume of 35 transcripts/day
- With
250 working days in a year, MediLynx will save you approximately $20,000/year
Local
Transcription Service: - MediLynx can save you over $125
per day on volume of 35 transcripts/day
- With 250 working days in a year,
MediLynx will save your practice over $31,000/year
Other
Benefits: - No capital investment -- pay as you use
- Your
own private internet portal that stores your transcripts and voice files indefinitely
- No
cluttering of transcripts in your email box
- Accessibility of your records
via the Internet from anywhere in the world
- Electronic signatures and
user access controls
- Ability to edit your transcripts upon delivery
- Access
transcripts on your patients forever, anytime over the Internet
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