FIELDS OF EDUCATION, CAREER OPTIONS AND PROSPECTUS
Medical Transcription: Growth Prospects
Medical transcription was initially an in-house affair completed within the four walls of the doctor's office or hospital itself. The advent of high-speed satellite links and the lower costs of outsourcing have brought the MT industry to countries such as India and Mexico. Over the last two years, India has become the hub of the global MT industry. MT is currently classified as an IT enabled industry and being actively promoted by NASSCOM's Vision Group for IT Enables Services.
In '98 alone, The Indian MT industry generated Rs.140 crore worth of tax-free foreign exchange. NASSCOM predicts that the turnover is likely to touch the Rs.10,000 crore mark by 2008.An estimated 1,60,000 medical transcriptionist are expected to be employed by the industry which currently employs one-fifth that number.
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