Revolutionary Alternative to Hiring a Medical Scribe: AI in 2024 - PowerPoint PPT Presentation

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Revolutionary Alternative to Hiring a Medical Scribe: AI in 2024

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The healthcare market is saturated with various software specialising in medical coding, transcription technology, voice assistance, etc. However, browsing to choose the right AI medical scribe software only adds to the burden of hospital administration. So, RevMaxx has an answer for all the burnt-out, exhausted, and demotivated physicians; a pocket-friendly AI assistance, accessible 24/7. – PowerPoint PPT presentation

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Date added: 9 April 2024
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Title: Revolutionary Alternative to Hiring a Medical Scribe: AI in 2024


1
Revolutionary Alternative to Hiring a Medical
Scribe AI in 2024
A substantial gap glares between a doctors
demand for hiring a medical scribe and the sheer
difficulty of finding of medical scribe job
today, why? Simple, the medical scribe market
is suffering from the law of huge demand, and
low supply Let Us Explain the Demand Hiring a
medical scribe at a hospital workplace has made
leaps and bounds worth of difference
by- Improving productivity
2
Increasing efficiency Reducing
burnout Introducing a revolutionary concept in
modern medicine, scribes are the primary solution
to the glaring problem of physician burnout,
clinical burden and documentation quality all at
the same time. When scribes tackle the bulk of
administrative tasks, providers get more time to
engage with patients and focus on their core
competencies. Scribes tackle the most burdensome
documentation tasks, starting from- Verifying
audio for mistakes and reporting when
required Interpreting and translating medical
phrases jargon, and abbreviations onto a
simplified, clear documentation Modifying medical
records following the needs and preferences of
the employer Inputting physician notes into
medical records through specialised instruments
and equipment observing the rules and laws
regarding confidentiality The physicians ALL
prefer working with scribes, says Dr. Sharon R,
Medical Director of an Emergency Department.
Since the deployment of medical scribes in their
workplace, the emergency department has
experienced a 19 increase in patients per hour
and an improvement in RVU/hr.
Now the Supply to this Demand The law of supply
and demand states that the price will increase if
a product has a high demand and low supply. In
healthcare, physicians contribute to the demand
for hiring a medical scribes who can meet their
needs. Unfortunately, meeting these needs
requires an expert medical scribe with a specific
set of skill-set, whose supply is just as low.
Why?
3
The competitive edge behind hiring a medical
scribe job has increased ever since medical
departments have announced medical scribing as a
mandatory extracurricular among premeds. All
premed students, therefore, are vying for a
medical scribe position in their primary years,
making the job market extremely cutthroat for
aspiring non-premed medical scribes. What
hospitals are looking for are highly trained and
experienced professionals who must meet the
following pre-requisites Specialization in
medical terminology, Health Insurance Portability
and Accountability Act (HIPAA)
regulations. Adaptability in medical written
communication, clinical operations and
appropriate technology. Prior experience in
fast-paced clinical environments. The minimum
expertise and training required for a
professional scribe to be hired directly
correlates with their ROI. With at least two
years of experience with the technology,
acquaintance with the speciality and high
communication skills within the staff, skilled
medical scribes are getting costlier to hire by
the day. Let us break down the cost of hiring a
medical scribe at a physicians workplace- The
Cost of Hiring a Medical Scribe Average
Salary For hiring a medical Scribe, the average
salary in the United States is 38,344 as of
December 27, 2023, depending on factors like
Education Certifications Additional Soft
Skills Number of years in the profession All the
above factors contribute to the expertise of
hiring a medical scribe. Skill Enhancement
4
Untrained scribes require an individual to go
through 40 hours of online training, combined
with 200 hours of work in practice. Looking at
this significant amount of time and money needed
to train these scribes, hospitals are unlikely to
invest in good skill enhancement. Yet, hospitals
cannot afford to skip out on this training. This
very lack of training commits costly errors
like- Inconsistency of scribes documentation
output Lack of knowledge in operating with
EHR Wrong interpretation of doctor-patient
conversation due to lack of enough medical
knowledge. Instead of decreasing clinician
burnout, untrained scribes aggravate it, being an
extra burden to physicians in the
process. Cost of Physician Burnout To address
this unreachable budget cost of hiring and
training, coupled with increasing
labour shortage, physicians opt out of hiring a
medical scribe for them. Unfortunately, such an
option is impossible for physicians today, who
are on the edge of giving up on their
professional lives, not being able to take the
burden of clinical and administration burden
that comes with patient care. To showcase the
misery of hospital places without a dedicated
medical scribe, ScribeAmerica observed a
Pittsburgh Hospital facility, which was slapped
with consistently higher admission rates and
seasonal surges from 20 to 35 patients every day.
This - Worsened the providers work/life
balance, causing stress and burnout. Affected
the rising Patient flow. Decreased all forms of
profitability in the emergency department
5
  • The Digitised Solution Medical Scribe AI
  • It does not take a technology expert to know that
    we live in the age of rapid and thriving AI.
  • Keeping up with this revolution was healthcares
    way of embracing the most cutting-edge
  • technology in the field of medical transcription
    Automatic Speech Recognition. Powering every
    modernised hospital administration today, ASR
    together with machine learning is empowering
    physicians to opt for efficient, healthy, and
    fully reimbursed patient care, over thousands of
    dollars worth of losses.
  • ASR in Healthcare ASR technology is the primary
    option for automating clinical documentation,
    thereby diminishing 90 of the administrative
    burden on clinicians who
  • can now dedicate their time to patient care.
  • Text-to-speech (TTS) Software provides additional
    applications right from voice interfaces to
    building custom applications for physicians. This
    technology, trained on
  • natural language understanding (NLU) helps in
    legal, clinical and billing documentation
  • in healthcare, thereby mitigating physician
    burnout,
  • NLP in Healthcare By 2030, the global market for
    NLP in the life sciences and healthcare is
    projected to reach a peak of 32.14 billion.
    Electronic health records and
  • clinical documentation both employ NLP in tasks
    surrounding medical documentation,
  • automated coding and medical billing for patient
    care.
  • Medical coding AI quickens operations to help
    healthcare workers find information easily. NLP
  • algorithms do this through precise prediction
    analytics of healthcare medical codes, thereby
    reducing administrative effort.

6
AWS revealed that the cost of opting for a
digital scribe service is substantially less
than hiring a personal scribe for emergency
rooms. The range of difference in costs is
almost 30,000 to 50,000 per year. Bigger tech
companies such as Microsoft are also pouring
their coins into this technology, collaborating
with healthcare to initiate billion-dollar
acquisitions behind developing
medical transcription and medical coding AI. So,
it is no shock that healthcare was the quickest
industry to implement this technology.
Saying NO to unwanted costs, YES to
profitability The costlier it gets of hiring a
medical scribe, the easier it becomes for the
medical staff to adopt to this technology. Here
is some evidence of how precisely There is less
need for these positions as AI medical scribes
can complete jobs faster and cheaper than human
workers- Cost Effectiveness AI-powered medical
scribes and coding software present a
significantly more cost-effective alternative
when compared to traditional positions in the
healthcare
7
industry. By implementing these advanced
technologies, organizations can effectively
reduce their operational costs and avoid the
recurring expenses associated with constantly
hiring and training new employees. Accuracy AI
and machine learning technologies can greatly
enhance the accuracy of medical documentation,
leading to a decrease in errors and ultimately
improving the quality of patient care.
Additionally, these advanced technologies can
significantly increase the efficiency of medical
documentation processes by handling large
amounts of work and operating continuously,
thereby freeing up healthcare providers to
dedicate more time and attention to patient
care. Flexibility AI-powered solutions can
easily adapt and expand to meet the ever-growing
needs of healthcare organisations. This
flexibility allows for a more efficient and
effective approach to managing medical
documentation. Data Security Data security is a
critical aspect of any organizations operations,
as it helps safeguard sensitive information and
ensures compliance with regulations such as
HIPAA. However, human workers, no matter how
diligent, are susceptible to errors such as
overlooking important security protocols that
could potentially result in data breaches or
non-compliance. These systems can be programmed
to adhere to strict security guidelines, ensuring
that data is handled and stored securely. This
is where automated systems come into play,
offering a solution that can be specifically
designed with built-in data protection
measures. Data Handling In addition to their
proactive security capabilities, automated
systems also offer enhanced efficiency and
accuracy in data handling. Human workers may
inadvertently mishandle data or make errors
during data entry or transfer processes. Conversel
y, automated systems streamline these tasks,
reducing the chances of
8
human error and ensuring a higher level of
accuracy. Moreover, automated systems provide
organizations with the ability to implement
strict access controls and user
permissions. This ensures that only authorized
individuals have access to sensitive data,
mitigating the risk of unauthorized data
breaches. By centralizing data access and
control, organizations can establish a
comprehensive data governance framework that
aligns with industry best practices and
regulatory requirements. Monitoring and
Detection of Threats Furthermore, automated
systems possess the advantage of being able to
continuously monitor and detect potential threats
or vulnerabilities. By leveraging advanced
technologies such as artificial intelligence and
machine learning, these systems can identify
patterns or anomalies that might indicate a
security breach. This allows organizations to
take immediate action and mitigate any potential
risks before they escalate into significant
incidents. Collaboration It is worth noting that
while automated systems offer significant
advantages in data security, they should not
completely replace human workers. Human
oversight and expertise are still crucial in
managing and maintaining these systems
effectively. Organizations should strike a
balance between automated solutions and skilled
human intervention to ensure optimal data
security. Scalability Scalability is a crucial
aspect to consider when comparing human-based
services to AI-based solutions in the healthcare
industry. While human-based services may
encounter limitations in terms of scalability,
AI-based solutions offer the advantage of easily
being able to
9
  • adjust and
  • accommodate the changing demands of healthcare
    organizations.
  • How to Choose the Optimal AI Medical Scribe
    Solution For You?
  • The healthcare market is saturated with various
    software specialising in medical coding,
  • transcription technology, voice assistance, etc.
    However, browsing to choose the right AI medical
    scribe software only adds to the burden of
    hospital administration. So, RevMaxx has an
    answer for all the burnt-out, exhausted, and
    demotivated physicians a pocket-friendly AI
    assistance, accessible 24/7.
  • How?
  • RevMaxx is powered by a reinforced AI algorithm
    that delivers all-in-one assistance to
  • physicians through the simple interface of an
    app. Bringing efficiency to medical
    documentation was the top priority for
    physicians. RevMaxx assures a 97 accuracy on
    that, leveraging the power of speech-text
    processing, NLP, and machine learning.
  • Choice is Yours
  • Physicians can either choose to purchase multiple
    software for each use case, going through the
  • hassle of integrating one with the other,
  • OR

10
  • clinical ROI to doctors for patient care
  • financial ROI by guaranteeing maximized
    productivity
  • On That Note
  • We learnt how physicians lives have gotten
    significantly better with the integration of
    medical
  • scribes into their workforce. Hence, the
    projection of growth in the medical scribe and
    transcription software market, recorded to reach
    USD 4.89 billion by 2027, isnt surprising.
  • This very growth shoots down to overloading loss
    with the added hiring costs, training and
    medical errors that scribes unfortunately make.
    Our proposition for medical teams across the
  • country is clear Choose the path that promises
    you efficiency under budget. The administrative
    burden is an alarming concern in hospital teams.
    Its time physicians finally take control by
    trusting innovation and see the power of medical
    scribe AI work wonders for their goal patient
    care
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