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Future Outlook For Medical Transcription According to the U.S. Department
of Labor, the future outlook for medical transcription looks good.
This is a lucrative, in demand-career with great growth opportunities.If
you’re considering a medical transcription course or are already
taking one, this is good news. It means you will have plenty of
employment as well as financial opportunities.Although, medical
transcription is predicted to grow and remain stable, there are
a few common concerns among the MT community.These are the most
common.Will voice recognition replace transcriptionists?There has
been talk for a long time about voice recognition and new software
which will replace the jobs of MTs. This will not affect you any
time soon. There are a number of growing issues and concerns with
this software. It is not being used in a large setting and has not
yet replaced the need for medical transcription on the whole.
Medical terminology is complex and the regulations for patient records
are stricter than ever. At present, the most accurate way to transcribe
these records is by trained MTs.According to the Medical Records
Institute, which actually promotes the use of computerized medical
records.
Current research shows use of speech recognition in the medical
fields is less than 1%.What about offshore transcription companies?Some
companies are using offshore transcription companies to save money.
However, while outsourcing medical transcription to offshore companies
can save money, many companies are not following this route.There
are various concerns and issues with outsourcing to offshore companies.
Offshore MT companies are not required to comply with HIPPA regulations.
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