Is the future of Transcription in India actually that huge?

A lot of medical transcription is outsourced to countries like China, Turkey and India which is what has given rise to different medical transcription services. However before we get into Transcription in India, let’s take a deeper look at what medical transcription involves.

Medical Transcription as we had mentioned before refers to the process of converting a doctor’s prescription that starts off as an audio file into a word document. This action is usually performed by medical transcriptionist. Most hospitals in the west including countries like USA and Europe are now outsourcing medical transcription to countries in the east like Turkey India and China. Medical Transcription in India is more popular than the other two countries for a number of different reasons.

1. Time Saving: If hospitals opt to outsource medical transcription, they do not have to set up offices for medical transcriptionists and worry about hiring medical transcriptionist. This will save hospitals an ornate amount of time not to mention space.
2. Cost Saving: One of the biggest reason hospitals chose to outsource this work is because of how much money they end up saving the bargain.
   1. Hiring, Training and Paying transcriptionist in India is far more affordable than doing it in their own respective country.
   2. They save money on the cost of renting an entire office or building an office for their own transcriptionist to work out of. 
   3. The value of the dollar and pound is valued at much more in countries in India. This means that the hospitals end up saving up a lot of money by choosing to outsource this work.
   4. Turnaround time - Turnaround time is of very critical importance in the medical field.  Since India is several hours ahead of America and Europe, their medical transcription industries can offer the natural advantage of quicker turnaround time.
   5. Language - Medical transcriptionists in India all graduates and most of them are in fact science majors. Their qualification teamed with their fluency in the language makes medical transcription training easier. This compelled with the fact that they speak fluent English is an added bonus.

The number of doctors in the west that are being wrongly sued by patients in hospitals is increasing year by year. In order to fight these wrong accusations, medical transcriptions are absolutely necessary. Also considering the growth of the medical industry in recent years, the importance that medical transcription has received seems incredibly justified. Recent results of outsourcing work to India have proven extremely beneficial and more and more hospitals are now beginning to outsource this work to India. It’s no wonder then that so many analysts predict Transcription in India to rise even more.