subject: The Concept And Benefits Of Outsourcing Medical Transcription [print this page] Recession, pay cuts, layoffs equals to some of the common phrases that one is given to hear lately. While the recession has taken toll in the global financial condition leading to job cuts, layoffs, etc., in industries such as Software, Financial institutions, manufacturing, etc., healthcare field is still forging ahead through the testing times. From an outsourcing perspective from US, the recession has not affected the field of medical transcription companiesin any meaningful way and is, in fact, growing with more and more career opportunities.
Medical transcription which is also known as MT is the process of transcribing or converting recorded dictations by physicians and other healthcare professionals usually located in distant part of the world regarding a patients medical record into a written text document. Medical transcription follows prescribed and established document formats and is highly dependent upon trained professional, known as Medical Transcriptionists. Specialized knowledge for Medical Transcription includes the ability to correctly spell often difficult medical words, as well as a working knowledge of general medical terminology.Medical Transcription is a highly specialized skill, which requires a high degree of training and dedication and proficiency in English language. Medical transcriptionists benefit greatly from on-the-job experience, and especially by handing records from a wide variety of medical specialties.
Recession-proof, medical transcription companies are one of the fastest growing in healthcare industry. Medical Transcriptionists are in demand in Western countries especially in the US where the entire healthcare industry is based on insurance and detailed medical records are needed for processing insurance claims. Medical transcription companies are one of the fast growing IT-enabled industries in India as well, with the rapid change in Indian healthcare and privatization of the insurance sector. India provides an ideal location for conducting medical transcription and medical transcription companieswith the large population of educated English speaking people and the comparative low cost which encourages companies abroad to outsource their work to the Indian medical transcription companies. There are a few companies who provide Medical Transcription training in India to meet the current demand of experienced MT professionals.
In India, there was a boom in this industry couple of years back with a lot of medical transcription companies and training institutes entering this field. Most companies except a few could not survive due to lack of proper training and understanding of this comparatively new concept in India. By improving the work standards and quality of service, India has a wide scope for capturing the huge clientele in the US and enablesubstantial employment opportunities to the huge mass of English speaking and computer literate people in the country. The success of the surviving companies proves that Medical transcription can hold a vital link in altering the Indian job scenario.
