[I:http://findbetterwork.com/wp-content/uploads/2010/03/JamesByron7.jpg]The Association for Healthcare Documentation Integrity (AHDI) states that the medical transcription industry is a growth sector of $16 billion dollars. A study carried out by the Medical Transcription Industry Alliance (MTIA), found a predicted 15% – 20% growth annually in the market during the next 5-10 years. Source: MTIA

The US Department of Labor anticipates a growth of 14% in the sector of medical transcription, a far greater increase than for other occupations.

One of the largest contributors to the anticipated growth is the aging population. Additionally it is predicted that supply of trained staff will not keep up with demand until well into 2014. The number of job opportunities will increase with not enough staff to fill them.

Will subcontracting to India jeopardize the local job market in Medical Transcription?

The requirement for well-trained medical transcriptionists is not expected to be impacted by either the overseas outsourcing of transcription work or by advancements in voice recognition technology.

Offshore outsourcing of transcription work (to the Philippines, Pakistan, India, and the Caribbean) has increased as security of the Internet for transmitting confidential health information improves. However it is expected that these overseas transcription services will only serve to complement the requirement for highly-trained local medical transcriptionists.

Before any report transcribed by offshore transcription services meet domestic standards for quality, they generally have need of editing by local medical transcriptionists for correctness.

What is voice-recognition technology, and how will it impact jobs for medical transcriptionists?

With speech-recognition technology physicians and other health professionals can dictate medical reports straight into a computer which then creates an electronic document instantly theoretically bypassing the services of transcriptionists altogether.

[I:http://findbetterwork.com/wp-content/uploads/2010/03/JamesByron9.jpg]Although the advances in the enhancement of this technology have been substantial, the software continues to have problems understanding and breaking down not only the human voice and the English language, but also the diversity of the medical terminology.

The demand for wellaccomplished medical transcriptionists is therefore set to continue. A highly trained human is the only creature equipped to see and appropriately amend the to be expected mistakes created by voice recognition systems, and to produce the finished document.

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