The job of a medical transcriptionist is rather unique. The work of listening, interpreting, writing, and organizing the medical records is different from any other career. It is important that a medical transcriptionist understands the different aspects and medical terminologies and is sound in anatomy, physiology, grammar, language, and basic computer knowledge. However Medical Transcriptionist does not blindly transcribe voice files into blocks of text. He listens to the word files, analysis the same and arranges all information in standard formats as per the physician’s requirement.
The need for medical transcriptionists will exist for a long time but it is important that they are updated with the latest developments. The role of a medical transcriptionist has changed over the years and is now no longer limited to only transcribing. The medical transcriptionist must now be skilled to proofread reports and edit voice recognition draft reports as well. The increase in demand of healthcare services is expected to bolster the demand for Medical Transcriptionists in an otherwise declining scenario.Due to new technologies, such as speech recognition software being developed and used today, there has been a drastic change in the medical transcription field. To stay updated with these changes and developments one must be ready to accept and follow new trends. In order to be in demand professional, the medical transcriptionist needs to keep himself updated on all the latest developments and be willing to multitask by not limiting himself to transcribing alone.
In the last few years India has shown amazing success in the field of outsourced medical transcription business. Largely because of the large pool of well-educated professionals, Internet revolution, favorable government policies and other changes that have catapulted India to the top position, as a quality source.
India is one of the most favored destinations for outsourced medical transcription; this is evident from the strong market share it has in medical transcription outsourcing mainly because of its large pool of young, educated and productive workforce. The dominant use of English as the main medium of communication is another cause for India’s traditional edge in medical transcription outsourcing.
Exposure to English language and the influence of western media in younger generation by means of movies, TV channels and books makes the average Indian familiar with the American usage and accent. Along with best-in-class medical transcription, training methodologies shore up the inherent advantage that India offers in medical transcription outsourcing.
The Medical Transcription business in India, largely depends on business and revenues generated from the health care hospitals and institutions in the United States. As Americans focus on curbing down the outsourced business, it is perceived that the Industry would suffer a setback. Contrary to this notion, experts in this area expect to secure greater business, especially from the hospitals within India. In the coming years as the health insurance business booms, the need for documented healthcare requirements automatically drives the growth of the Medical Transcription industry. It’s all set to gain greater acceptance among the people in India and other Asian countries.
The medical transcription industry has experienced rapid growth, driven by a steady annual increase in outsourcing services, projected to reach $60 billion by 2019 from $41 billion in 2012. This competitive market is expected to expand further with the rise of healthcare automation globally. Medical scribes serve as real-time assistants to physicians, improving efficiency by managing documentation in Electronic Health Records (EHRs). A study conducted across five emergency departments in Australia showed that medical scribes significantly boosted physician productivity, increasing patient consultations by up to 25%. This underscores their potential to enhance healthcare delivery, although further research is needed to fully understand their impact on hospital economics and patient safety.
Average salary of a medical transcriptionist ranges from USD 24,000 per year to USD 30,000 per year