Medical Transcription means recasting dictation into written form, the dictation by the physicians and healthcare professionals regarding patient assessment, progress, medical procedures, clinical course, diagnosis, prognosis etc, in order to document patient care and provide healthcare services.
Simply putting it is typing out a recorded voice message of a doctor. A Medical Transcriptionist is a medical Language specialist who, using a computer, headphones and a foot pedal, transcribes the recorded audio into electronic data. This data is further examined for grammar and clarity by a proofreader. The common practice followed by doctors is to dictate and record information and reports of the patient, either into audiotape, Dictaphone or on to digital voice processing systems. These tapes are then sent to overseas medical transcription companies engaged in medical transcription to convert these voice dictations into hard text reports. These reports represent the patient’s treatment history, including assessment.
The Medical Transcription business is growing by 20% every year whereas the availability of Medical Transcriptionists is falling by 8%. As a direct result the medical companies around the world are now outsourcing the jobs to meet to their high demand of quality transcripts. The present market share particularly of the US medical transcription industry is estimated at US $ 20 billion. The US Bureau of Labor estimates a 51% increase in the need of medical transcriptionists by the year 2011.
India is among the prime countries into Medical Transcription because of the two very important reasons, one the difference in time zone with countries such as the US and secondly the availability on economic and efficient labor. Medical Transcription in India boosted nearly 15 years ago. The first of the companies to begin Medical Transcription in India are located in Chennai, Bangalore and Hyderabad. For 15 years, the industry developed immensely, and now we can see many companies that offer medical transcription services in India. All operational general medical transcription is the major share in the Indian market. Now there are various different ways in which transcription services are performed. These include: Internet services, home services, center-based services. The industry also gave rise and support to new industries, such as educational institutions, additional hardware required to support transcription, etc. India, given the high English literacy levels, and the weak rupee, provides the ideal location for conducting Medical Transcriptions. Medical transcription jobs pay very well. At entry level, medical transcriptionists are paid around Rs. 5,000per month, which can exceed to Rs. 20,000 per month within two years. As a trainee, though, you’ll get about half of that. There are also additional rewards dangled by some companies, in the form of perks and performance-based incentives. The factors that give India an edge in providing quality transcripts are:
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