Medical transcription or MT is the process of transcribing or converting recorded dictations into a written text. The dictation is by a physician or healthcare professional located in a foreign country and is regarding a patient’s medical records.
With spiraling cost of health care in countries like the US and other parts of Europe, there is an increasing trend to outsource medical transcription to cheaper destinations like India. This has resulted in a huge job opportunity and involves not only working from an office but from home as well.
In Western countries the entire healthcare industry is based on insurance and detailed medical records are needed for processing insurance claims. Hospitals and labs in Europe, US and West Asia find it cheaper to outsource laboratory tests and other medical processes to India. Outsourcing, is believed to result in a cost saving of anywhere from 30% to 70%.
According to NASSCOM, the MT industry will be worth Rs 40 billion by 2010 and could employ millions of young people. It estimates the size of the US MT industry, will be $ 16.8 billion by 2010. The work off shored is expected to be in the region of $ 860 million by 2010, of which India is expected to capture a whopping $ 647 million.
The industry, which currently depends mostly on the health care institutions of western countries for business, could expect to secure greater business from hospitals in India, in the coming years. This is because the health insurance business that drives the growth of the MT industry is set to gain greater acceptance in India.
Medical transcription follows prescribed and established document formats and is highly dependent upon trained professional Medical Transcriptionists. India has the potential to become one of the largest Medical Transcription (MT) centers in the world due to the large number of people with health care knowledge in the country and industry maturity.
Skills of a Medical Transcriptionist
India provides an ideal location for conducting medical transcription with 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 field.
An ideal qualification for a medical transcriptionist is a graduation, with English comprehension skill. If the person has a course in medical transcription it is an added advantage.
Further, the candidate should be a good listener, able to adjust quickly to the different accents and diction, with specialized knowledge of medical terminologies, medical procedures and ability to spell medical words correctly. The person should also be able to detect medical inconsistencies in dictation and fix poor grammar and syntax.
A medical transcriptionist must also have a reasonable amount of patience, as the work may get monotonous and repetitive. Medical transcriptionists benefit greatly from on-the-job experience, and especially by handing records from a wide variety of medical specialties. A medical transcriptionist should have basic knowledge of computers and good typing speed would be added advantage.
Medical Transcription – A Great Career Option
The benefits of Medical Transcription as a career include the ability and freedom to work from home, especially for ladies who may not be able to come to office and work, especially pregnant women who may not be able to come to office and work during their maternity leave, etc. There is a good number of people currently enjoying the benefit of working from home and still earning around 25-30k average and as high as 50k to 60 k as well. The recent liberalization of Internet in terms of cost and bandwidth and other related technologies like 3G has accelerated the potential from working from home in an hassle-free environment. In light of the recent liberalization of Internet, it gives the ability to work even from remote parts of the country. A PC with decent configuration, a stereophonic headset, foot pedal (a device that controls the voice player), and other softwares necessary for reference of medical terms/drugs are more than that would suffice to independently work as a Medical Transcriptionist.
Services being Outsourced to India
The country is already witnessing a surge in outsourcing of processes like
- Medical transcription
- Claims processing
- Medical billing and coding
- Data management for clinical trials
- Radiology services
Salaries Medical Transcriptionists can Expect
A trained medical transcriptionist could earn up to Rs 15,000-Rs 20,000 a month and with experience it could only go higher.
Some Training Institutes in Medical Transcription
There are a number of companies who provide Medical Transcription training in India to meet the current demand of experienced MT professionals. A small list of them is below
HL-3 Jail Road,
Hari Nagar, New Delhi – 110064
Tel: 25135178, 28121726
BL Infosolutions Pvt. Ltd.
2nd Floor, Metro Arcade,
92 Mangal Pandey Nagar,
Near C.C.S. University, Meerut.
B-96, Ist floor
Lajpat Nagar – I, New Delhi – 24
Tel: 29814070, 29819788
e-USA Technology Inc.
Above LML Showroom
Opp. A-Block, Defence Colony
Arjan Nagar Kotla
Tel: 24691822/ 30952002
13/30 East Patel Nagar
Near Hotel Siddharta
New Delhi-110008, India
B-11, Sector – 1
Noida – 201301
Tel: 9811203654 (Sudhir)
Spanco Tele Systems & Solutions Ltd.
771, Udyog Vihar Phase – V, Gurgaon.
Tel: 0124-2349231, 2450317/18
Shivam Institute of Medical Transcription (SIMT)
D-53 Okhla Industrial Area, Phase-1,
New Delhi 110020
Tel: 6813643, 6813644,
29/1, Ashok Nagar, Jail Road, Tilak Nagar Circle,
New Delhi 110018.
MDS Infotech LTD, (A Member of American Association for Medical Transcription),
B-219, Saraswati Vihar, Pitampura,
Tel: 7022558, 7022580
4, Amrit Nagar, South Ext. 1,
New Delhi 110003
Indian Institute of Medical Transcription (IIMT)
H-15, South Extn. Part-1,
New Delhi 110049
Tel: 4604532, 4604318, 4638050,
Bajaj Institute of Information Technology (BIIT)
Unit No-1, 1st Floor, C-4E Market Janak Puri,
New Delhi 110058
Tel: 5617375, 5500545, E-mail: email@example.com
Academy of Medical Transcription,
C-5/32, Safdarjung Development Area,
Opp. IIT Main Gate, New Delhi 110016
Tel: 6963443, 6565222
Fore Transcriptions Private Limited
#93, First Floor,
Above Food World,
Wheeler Road, Cox Town,
Bangalore – 560 005.
Ajaxdotcom Private Limited
#1, 3rd Floor Maruthi Complex,
Above Food World, R T Nagar,
Main Road, Bangalore 560032.
Tel: 080 – 2353 5156, 2363 4881
Rxdocuments (P) Ltd.
Near Vijaya Bank,
#50, 1st Cross, 27th Main, BTM 1st Stage,
Bangalore – 560 068.
Indian Institute of Medical Transcription (IIMT)
#10, 1st Floor, 12th Cross,
22nd Main, 2nd Phase, J P Nagar,
Digimetrix Technologies Pvt Limited
#36/37, 2nd Cross,
Opp. Arekere MICO Layout,
Off. Bannerghatta Road,
#64/5, 9th Cross, Rainbow Garden
Jigani Main Road, Jigani PO
Begihalli, Bengaluru – 560105
Tel: 080-2782 8237 / 9731310814.
#12, 7th Cross, Venkatapura Main Road
Koramangala 1st Block, Near Koramangala Last Bus-Stop
Bangalore – 560034
Tel: 9945 26 46 94 / 9844 250 275
Disclaimer: The above addresses are only a collection and in no way endorse the quality of teaching or certification of the Institute.