Medical Transcription Industry

Prepared by:
Rohit Dobaria
Maulik Shah
Viral Jani
Jigar Modi
Arvind Senta
Hemanshu Vasava
 Medical Transcription
• It is an allied health profession.
• Deals in the process of transcription, or
converting voice-recorded reports as dictated
by physicians and/or other healthcare
professionals, into text form.
• Trained professional is known as Medical
Transcriptionist.
 Overview
• Confidential patient information is converted
to written text document
• It is printed and placed in patient’s record
• Can be accessed by the physician for future
review

• Medical Transcription can be performed by

MTs who are employees of the hospital or
Outsourced.
The medical transcription process
 Quality Assurance Process
• Accuracy rate for experienced
transcriptionists is 98.5%
• No concessions to this stipulation
• Compensation packages and incentive
schemes are directly linked to quality levels
• Transcription – MTs with 1-4 years of actual
work experience.

• QA Level I –MTs with 5 years of actual

work experience with various accounts and
specialties.

• QA Level II – MTs with 7 years of actual

work experience with various accounts and
specialties.
 Medical Transcriptionist
• Medical understanding
• practical knowledge of medical language,
anatomy, physiology, disease processes,
pharmacology, laboratory medicine, and the
internal organization of medical reports
• Above-average knowledge of English
punctuation and grammar
• study medical language, including Greek and
Latin suffixes, prefixes, and roots
• Versatility in use of transcription equipment
and computers
• Advanced proofreading and editing skills
 Medical Transcription Industry
• One of the fastest growing fields in healthcare
industry
• High demand in Western countries especially
in US
• one of the fast growing IT-enabled services in
India
• India is one of the preferred location for
Medical Transcription outsourcing
• Healthcare industry not affected by the global
recession
• Industry is worth Rs. 40 bn at present
• U.S. MT Industry - $16.8bn
• Total work off-shored – $860 mn
• India has captured - $ 647 mn
Strategy
• We will transcribe all types of medical reports
• History & Physical Reports
• Consultation Reports
• Operative Reports
• Progress Reports
• Emergency Room Notes
• Clinic Notes
• Referral Notes
• Medical Imaging Reports
TARGET CUSTOMER
• We will offer quality Medical Transcription
Services to Hospitals, Surgical Centers,
Physicians, General Practioners, subcontracts
from MT companies and Independent Physicians
across the United States, United Kingdom,
Canada, Australia, etc.
 
CORE STRATEGY
• Employ a highly- experienced team of
transcriptionists, familiar with various
specialties, speech patterns, accents and
dialects.
• Regular assessments, reviews, extensive skill
testing and ongoing education of our
transcriptionists
• We will provide quality transcription service at
cost effective rates.

• We will offer a 3-day no-obligation trial of our

transcription services and three sample
reports.

• We will ensure that our employees are well-

trained.
• Hired employees will have to participate in a
compulsory, intensive training program.
• Continuous revamping of training materials 
• The personnel hired for the job will be
students from nursing and related medical
fields.
7Ps
 Product
• Convenience & Usefulness of the report
information at the tip of finger.
• Quality work for all the report.
 Place
• Internet.
• The transcription would be viewed by the
doctor on the server of the hospital.
• Website of the doctor if Practitioner.
 Price
• Penetration Price.
• As we will be hiring the medical and nursing
student the salary cost will be low so we can
provide low price.
 Promotion
• 3 days (No Obligation) trail.
• Register on online portal.
 People
• The employees are well trained.
• High level of QA.
• Good knowledge of medical terms.
• Good knowledge of English, different accents,
etc.
 Process
• Ready report within 24 hours.
• Billing.
• Insurance.
• Further reference.
 Physical Environment
• Comfortable as every report will be included
for each customer.
• Customized as per physician’s requirement.
Thank You