Until 1997, a monster of a “medical transcription” industry was developing right under the United States’ nose. A medical copy would cost one dollar per page to third parties that represented a patient- we’re talking lawyers, insurance companies, etc. These companies turned the copies for an incredible amount of profit until HIPAA regulations required doctors and medical establishments to transfer all paper records to a digital format.
Now, 21 years later, these companies are still charging an insane amount of money for a copy of a medical record. However, all it takes is a few clicks and a couple seconds to download these documents onto a USB. No paper, no ink.
Lawyers and insurance companies must pay thousands of dollars to a medical transcription company to have your records released to whomever you choose… in the age of technology! Companies like CIOX, that took over the medical transcription industry, are claiming that if third parties do not pay them for patient medical records, they acquire a “tremendous financial burden.”
This creates a large financial toll on the third party that needs access to those files. This means the cost of your representation can be directly affected. There has been a lawsuit filed in relation to this matter- let’s hope that we don’t continue to get ripped off by medical transcription companies.