Medical transcription is currently undergoing major transformation with the emphasis of electronic health record integration, automation of healthcare operations, and the critical responsibilities involved in protecting personal and medical information.
The market related to MT, was 11.16 billion in 2012 and is projected to reach 16 billion by 2019. The growth factors include the requirements for better and more complete patient records with the focus on higher quality of medical care, improved information to facilitate the billing and reimbursement process, and the sheer numbers of people receiving medical care (the aging of
Americans and the Affordable Care Act
The majority of the transcription workload is typically outsourced, so that contract services are doing about 65% of the records generated. Much of the work goes to India and the Philippines (often based on the dramatic difference in payment to the transcriptionists. The outsourcing process with the need to move digital information through the cyber-world requires very careful management of the technical process to avoid compromising the extremely private nature of the information dictated, transcribed and transmitted.
The career remains a solid opportunity to work at home and make a better than average income doing it. The work is not easy since it requires intensive training to learn the medical vocabulary sufficient to listen and be able to correctly interpret and type what is heard. Med-Certification.com has been teaching medical transcription since the 1970’s and remains the best source to learn to do it.