Medical Transcription Field has Strong Growth for the Future

medical transcription career field is projected to grow faster than average for all occupations through 2014. Demand for medical transcription services will be spurred by a growing and aging population. Older age groups receive proportionately greater numbers of medical tests, treatments, and procedures that require documentation."

Medical transcription is a $25 billion business. The Department of Labor predicts an 18 percent to 26 percent growth in the industry. Part of the growth is because HIPAA regulations require all hospitals to convert medical records to digital format. Another reason is the country's aging population, which will create more medical records.

In addition, there's a shortage of 50,000 qualified transcriptionists. Many US companies are outsourcing to transcriptionists overseas.

The medical transcription field continues to be an essential part of health care even with all the world's technological advances. This will continue due to the fact that computer's don't do dictation, as we know it.

window.google_render_ad(); Voice recognition technology still cannot accurately read the human voice for all spoken words. It takes a doctor a long time to teach a computer, with voice recognition software, to be able to recognise their speech.The accuracy and detail required in medical transcription means there will be a career in medical transcription for many years to come.Digital medical transcription has opened up many new doors for those wanting to work at home.

It has never been easier to work in freelance medical transcription. Other training that is associated with medical transcription is that of medical coding and medical billing.Medical transcription degrees can be obtained by completing courses with a medical transcription school. Once you have completed a degree and gained experience consider specialising.

When you are working in the medical transcription field and you specialize, it has a dramatic impact on your income potential.

Areas to Specialize In

• Autopsies • Cardiology • Dermatology

• Endocrinology • Family Practice • Gastroenterology

• Internal Medicine • Multi Speciality • Neurology

• Obstetrics/Gynaecology • Oncology • Ophthalmology

• Orthopaedics • Pathology • Paediatrics • Podiatry

• Psychology • Pulmonalogy • Radiology

• Rehabilitation • Reproductive Endocrinology

• Surgery • Urology • And Others


A career in medical transcription shows a promising job outlook with growth expected to continue for many years to come. Good job prospects can be supported by the fact that the world has an aging population and an aging population requires more medical care.

Earnings for a medical transcriptionist are on the increase for competent transcriptionists, especially when they become specialists in one of the areas listed above.

When you are in the medical transcription field and you specialise you dramatically increase your potential for a higher income.

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Future of Medical Transcription

With the demand for quality medical transcription services rising, medical transcription (MT) outsourcing jobs seem to have a bright and secure future. Medical transcription is the most outsourced job in the healthcare industry and is provided with the aim of reducing both time and cost factors involved in the daily documenting of patient details. As the healthcare industry in the United States is closely associated with insurance firms, time-bound processing of patient records is essential for the smooth functioning of both healthcare and insurance firms.

Almost all US based healthcare facilities find medical transcription outsourcing to be highly beneficial and these services have now become an integral part of their daily functioning. By outsourcing these jobs, healthcare providers can concentrate more on providing better infrastructure and facilities for patients and have to worry less about hiring and training medical transcriptionists. With most transcription facilities functioning according to HIPAA regulations, all patient records remain secure, confident and safe.

To produce good quality patient records, most of these healthcare firms have employed highly skilled and experienced professionals in healthcare documentation, and their skills and knowledge play a key role in the success of these transcription firms. For new recruits, professional training is being given to achieve higher accuracy levels demanded by the industry. With the help of in-house language experts and proofreaders, most processed patient documents maintain high accuracy levels of up to 99%.

Now both established as well as new entrants in the healthcare industry including hospitals, clinics and private practitioners are aware of the benefits of medical transcription outsourcing and hence are moving towards these services. Most MT providers offer related services such as medical coding and medical billing for their healthcare clients.

India and Philippines are two emerging powers in the medical transcription field and are set to become the hub of future healthcare documentation jobs. The availability of a vast pool of graduates who are computer-literate and fluent in English and the turnaround time of 24 hrs for submitting assignments, are factors working in favor of the growth of healthcare transcription firms in these countries.

Right from its initial stages, the medical transcription industry has been undergoing revolutionary changes regarding the equipments and technologies used. From the initial typewriters and Dictaphone transcribers to high end computers, the healthcare documentation industry is always moving with the latest trends in technology. The quality in operations and the flexibility of the industry in adopting new technologies all ensure that the medical transcription community will have a long and bright future.

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