Medical Transcription – A Recession Proof Industry

Recession, pay cuts, layoffs = these are some of the common phrases that one is given to hear lately. While the recession has taken toll in the global financial spectrum leading to job cuts, layoffs, etc., in Software, Financial institutions, manufacturing, etc., healthcare field is still forging ahead through the trying times. From an outsourcing perspective from US, the recession has not affected the field of Medical Transcription in any meaningful way and is, in fact, burgeoning with more and more career opportunities.

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The Evolution of Medical Transcription

By Barbara Carlson More than 60 years ago, medical transcription was developed as a method to assist physicians and medical facilities with accurate ...

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Payment

Transcriptionists who work from home are paid on the basis of speed and accuracy. The pay ranges from 60 paisa to Rs.1.25 per line depending on the accuracy.Radha says she now earns about Rs. 20,000 a month; more than what she used to earn earlier. "When I worked from office, I used to get a monthly salary. Now I am paid per line."Once you have honed your listening skills to hit 99-100 per cent accuracy level, you can reach the editor stage, with higher pays and less tedious work. Companies like Spryance already employ home-based editors.According to Nasscom, medical transcription is projected as the India's fourth largest foreign exchange earners in about five years. If the figures are to be believed, medical transcription will employ more than 50,000 people by 2008. Very good news for people looking out for flexible home-based careers.

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Medical Transcription-A recession proof career option!! - CNN.COM

Companies that will hire you to work at home - CNN.COM

These home-based employees include medical transcriptionists and nurses who operate the hospital's Advice Line, a hotline where Laurie Peterson, one of the Advice Line nurses, has been working for CHOA from home for 11 years ............

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Wal-Mart to enter electronic medical records arena

As the Obama administration begins investing billions in health information technology, Wal-Mart plans to use its unrivaled size to bring high-tech medical records to U.S. physicians..........

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Medical transcription back in the pink

NEW DELHI: It was almost a cottage industry in the 90s, only to lose steam in 2000. But if you thought the medical transcription (MT) industry in India is history, think again. Latest studies reveal that it is raring to take off yet again. And this time, the future is well chalked out...........

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President Obama's Stimulus Package provides $20 billion to health care IT

President Obama's Stimulus Package provides $20 billion to health care IT and pushes government agencies, doctors and hospitals to adopt Electronic Medical Records (EMR) and get medical records online. This is exactly the kind of impetus the Medical Industry needs to commence implementation of advanced technical solutions to the current healthcare morass. The goal is make sure your doctor has instant access to all your current medical information and ............
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