Why medical transcription is a recession proof job?
Education, environmental, health care and energy sector are understood as recession proof sectors. The need of health care services is never going to decline. Rather it will increase year on year. Medical transcription being a part of health care industry is recession proof job to be in and has a bright future.
Effect of recession on home medical transcription
This recession will have positive impact home medical transcription(HMT). Most of the US companies are moving towards “home based medical transcription” in order to minimize their fixed cost. Even in India many of the permanent transcriptionist have started doing home based transcription to make extra money.
Voice recognition technology has challenged the traditional way of medical transcription. But due to recession the companies who were planning to buy such application won’t do it now, as it requires huge investment. And now no one has that money to pump into it.
Hence the home medical transcription is right formula for medical transcription service organization (MTSO)to reduce cost, thus giving advantage to transcriptionist.
Thursday, September 11, 2008
Monday, August 25, 2008
Voice Recognition V/s Medical Transcription
The fight between legacy Medical Transcription and Voice recognition technology has been for several years. However, the usage of speech recognition technology has increased in medical transcription industry, but it’s not capable of replacing a traditional medical transcription.
The companies using voice recognition technology (like Dragon) transformed the life cycle of medical transcription report and changed the work style of transcriptionist too.
The growth is voice recognition is directly proportionate to growth inhome based medical transcription. As the rough draft are readily available with the voice file to be transcribed.
Though correctness of the rough draft varies from physician to physician. A dictator who has good command on English and doesn’t re-phrases the dictated sentence can get 80 to 90 % of correct drafts. Still such accurate reports needs to be proof read. Hence doesn’t eliminate the need of the transcriptionist.
Maybe sometime in the future someone will invent voice recognition technology that can handle all the above issues. Till then businesses will need to use transcription services, particularly for work like medical transcription, where accuracy is critical.
The companies using voice recognition technology (like Dragon) transformed the life cycle of medical transcription report and changed the work style of transcriptionist too.
The growth is voice recognition is directly proportionate to growth inhome based medical transcription. As the rough draft are readily available with the voice file to be transcribed.
Though correctness of the rough draft varies from physician to physician. A dictator who has good command on English and doesn’t re-phrases the dictated sentence can get 80 to 90 % of correct drafts. Still such accurate reports needs to be proof read. Hence doesn’t eliminate the need of the transcriptionist.
Maybe sometime in the future someone will invent voice recognition technology that can handle all the above issues. Till then businesses will need to use transcription services, particularly for work like medical transcription, where accuracy is critical.
Saturday, July 12, 2008
Home based Medical Transcription
The simplest definition of Transcription is conversion of voice to electronic text form. Medical Transcription is an IT enabled service that requires specialized skills in utilizing Information technology in converting the voice data of the doctors who are in the US, consisting of patient history and medical advises into electronic documents. Medical transcription as an industry in India has shown very encouraging growth providing employment for millions of Indian youth, as well as business opportunities. Medical transcription is one of the fastest-growing professions in the country today, notifies the U.S. Department of Labor. It is ranked #14 in the top 25 professions and is ranked as a #1 home based MT career. The continuous growing demand for medical transcriptionists is attributed to a growing and aging population. Older age groups receive greater numbers of medical tests, procedures, etc. This growing demand is also spurred by the need for electronic documentation that can be easily accessed by providers, third-party payers, consumers, etc.
Thursday, June 19, 2008
US Recession and Medical Transcription
Time has come for to realize that US financial crisis can affectMedical transcription industry too and will gradually effect transcriptionist wallet. As transcriptionist get paid by MT companies, and MT companies get paid by physicians, and physician get money from insurance companies or from the patients themselves.
The majority of patients don’t have insurance, then it depends upon how much cash do they have?
If the income were suddenly reduced or eliminated, are they prepared? I’ll tell you one thing; Washington does not have a “bailout plan” for you personally.
That’s definitely not going to happen. So there will be no “government lottery.” As hard as it might be for you to believe, there are people who aren’t worried at all right now, why? Because they have no debt! If they lost their income, they won’t lose their home, they won’t lose their cars, and many of them have enough cash to live on for quite a while. Okay, debt free and worriless living is a different topic.
So, what do you think? Kindly cast you vote on the poll……..
The majority of patients don’t have insurance, then it depends upon how much cash do they have?
If the income were suddenly reduced or eliminated, are they prepared? I’ll tell you one thing; Washington does not have a “bailout plan” for you personally.
That’s definitely not going to happen. So there will be no “government lottery.” As hard as it might be for you to believe, there are people who aren’t worried at all right now, why? Because they have no debt! If they lost their income, they won’t lose their home, they won’t lose their cars, and many of them have enough cash to live on for quite a while. Okay, debt free and worriless living is a different topic.
So, what do you think? Kindly cast you vote on the poll……..
Thursday, May 22, 2008
Medical Transcription And Economic Crisis
Will US crisis affect Medical Transcription?
THE financial meltdown in the United States and general slowdown in the world economy will impact negatively on the call center industry.
We should start preparing for the worst, as American companies that invested in call centers in the India might pull out their investments in the industry.
Where as the medical transcription industry is stable, those accounts servicing the financial or banking sector of the US may be in jeopardy. Medical transcription is one of the services outsourced by US firms.
THE financial meltdown in the United States and general slowdown in the world economy will impact negatively on the call center industry.
We should start preparing for the worst, as American companies that invested in call centers in the India might pull out their investments in the industry.
Where as the medical transcription industry is stable, those accounts servicing the financial or banking sector of the US may be in jeopardy. Medical transcription is one of the services outsourced by US firms.
Sunday, April 20, 2008
Medical Transcription as a career
A role of medical transcriptionist is basically to covert voice files to word documents.
The voice files are recorded/dictated by doctors or medical professionals. The transcribed word document is sent back to physician so that it can be printed or stored in computer as a softcopy.
Major business in medical transcription industry is sourced from United State of America.
To build your career in MT no "formal" educational ids required. There are some traditional schools impart trainings, certificate or diploma programs, Some Medical transcription companies do provide on job training too. The training improves the medical terminology knowledge, improves the ability to listen and type simultaneously. Such programs help the MTs to use playback controls like foot pedal.
A trusted certification is CMT (certified medical transcriptionist) and RMT (Registered Medical Transcriptionist) is given by AAMT (American Association for Medical Transcription). RMT is entry level medical transcription certification where as CMT is for advance level of transcription. Both of credentials are obtain after pass medical transcription test.
The basic skills required are good knowledge of English language, medical terminology, good typing speed, and stamina to work on stretch, good grasping power.
The medical transcription industry has good growth potential and the salary in this field varies from 0 to 60 thousand rupees per month based on your experience and quality.
The voice files are recorded/dictated by doctors or medical professionals. The transcribed word document is sent back to physician so that it can be printed or stored in computer as a softcopy.
Major business in medical transcription industry is sourced from United State of America.
To build your career in MT no "formal" educational ids required. There are some traditional schools impart trainings, certificate or diploma programs, Some Medical transcription companies do provide on job training too. The training improves the medical terminology knowledge, improves the ability to listen and type simultaneously. Such programs help the MTs to use playback controls like foot pedal.
A trusted certification is CMT (certified medical transcriptionist) and RMT (Registered Medical Transcriptionist) is given by AAMT (American Association for Medical Transcription). RMT is entry level medical transcription certification where as CMT is for advance level of transcription. Both of credentials are obtain after pass medical transcription test.
The basic skills required are good knowledge of English language, medical terminology, good typing speed, and stamina to work on stretch, good grasping power.
The medical transcription industry has good growth potential and the salary in this field varies from 0 to 60 thousand rupees per month based on your experience and quality.
Wednesday, March 26, 2008
Operative Report
A surgeon or an assistant generally dictates the operative reports.
The OP report describes an operation or a surgical procedure for the purpose of correcting and diagnosing medical abnormality or disease. the core of the operative report is about the description of the surgical procedure performed. Another important section of the report is preoperative and postoperative diagnoses performed. Apart from these 2 section other information that are transcribed are physician name, date of procedure performed, indication and surgical findings.
Appropriate filing of medical records is an essential requirement for every physician. Operative note transcription is vital to surgeons. Generating an appropriate and well-timed dictation after an operative procedure is crucial for offering fine medical care to the patient.
The OP report describes an operation or a surgical procedure for the purpose of correcting and diagnosing medical abnormality or disease. the core of the operative report is about the description of the surgical procedure performed. Another important section of the report is preoperative and postoperative diagnoses performed. Apart from these 2 section other information that are transcribed are physician name, date of procedure performed, indication and surgical findings.
Appropriate filing of medical records is an essential requirement for every physician. Operative note transcription is vital to surgeons. Generating an appropriate and well-timed dictation after an operative procedure is crucial for offering fine medical care to the patient.
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