It has been indicated by the Association for Healthcare Documentation Integrity (AHDI), that the medical transcription branch is a $16 billion dollar growth sector. The Medical Transcription Industry Alliance (MTIA) conducted a study which found that there will be a 15% – 20% market growth annually over the next 5-10 years. Source: MTIA

US Department of Labor estimates are that the medical transcription industry will expand at a rate of 14% from 2006 through to 2016. This is a much greater growth rate than the average for other occupations.

One of the most important contributors to this expected growth is the increasing population age. It is further forecast that employment of medical transcriptionists will grow faster than the average for all other occupations well into 2014. There will be an increasing number of job opportunities.

Will outsourcing to India jeopardize the domestic Medical Transcription job market?

Overseas outsourcing of medical transcription work and continuing developments in voice recognition technology are not expected to have an effect on the growing requirement for trained medical transcriptionists.

Better security of the Internet for transmitting confidential health information, has led to an increase in outsourcing (to the Philippines, Pakistan, India, and the Caribbean). Predictions are however that offshore transcription services will only serve to add to the need for highly-qualified medical transcriptionists domestically

The services of domestic medical transcriptionists are by and large needed to edit reports from offshore transcription services before they meet local standards for quality.

Voice-recognition technology: what is it and will it have a bearing on employment prospects for Medical Transcriptionists in the future?

Speech-recognition technology enables doctors and other health professionals to dictate medical reports straight into a computer, which in turn creates an electronic document. In theory this would make the services of the medical transcriptionist obsolete.

notwithstanding that the improvements in the development of this technology have been significant, 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 amplyqualified medical transcriptionists is therefore set to continue. A very well trained human is the only creature equipped to see and correctly edit the unavoidable inaccuracies created by voice recognition systems, and to construct the finished record.

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