Unemployment rate is creeping up like never beforeand with the fading economies all around the world, reports of job losses are common to be heard. In such a scenario the governments worldwide are in safeguarding to do that can be done to put the economy back on normal track.
Facing such a scenario, Indian medical transcriptionists have many queries in their mind (especially with dangers of automation like speech recognition technology being introduced) – “What’s the future of medical transcription companies in India?” At this point, it will be worth noting that while employment continued to fall in sectors like construction, manufacturing and retail trade, sectors like mining and health care continued to add jobs as per “Employment Situation Summary of September 2008” of Bureau of Labor Statistics, US Department of Labor. With the younger crowds in the US not willing to be a part in this trade due to various reasons like reducing wages, and those who are already in this industry seek retirement, there is going to be a huge gap in demand and supply, which could only be met with outsourcing the jobs elsewhere.
There are great opportunities at hand, one would be amazed with the number of companies that have already adapted into medical transcription industry in India and at the pace and depth at which this industry has evolved, and cities of India are preparing themselves to make most out of this huge opportunity. With the rapid change of outlook in Indian healthcare and privatization of the insurance sector, documentation of all patient records will become mandatory in the future. Thus Medical transcription companies will hold a key link in changing and uplifting the Indian job scenario. What the doctors do is hand over their audio records to a company that gives them transcripts in clean and perfect English for filing and reference. Naturally, these companies need people who know the language to do the actual transcriptions, and won’t charge them a bomb! India, given the high English literacy levels, and the weak rupee, provides the ideal location for conducting these Medical transcription companies.
In India medical transcription job is a type of BPO job and it comes under the ITES in India. India is one of the most preferred countries for hosting outsourced jobs of US medical transcription as well as the British and even Australian medical transcription job. A few of the reason being the quality training provided to individuals by medical transcription companies in India and the ability and deliver high level quality of services. Most of the medical transcription companies in India offer the clients a no cost, no obligation free trail to showcase the quality and accuracy of the allotted work. Besides this the Medical transcription companies in India assure the clients with 95% accuracy and 12hr turnaround time.
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