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Asian companies are the target of many other
American health care institutions for outsourcing their transcription
needs.As an industry, it is growing particularly quickly in India
and the Philippines, where labor costs are significantly cheaper.
Some estimate it is the 4th largest outsourcing industry in India.
It’s gaining ground in the Philippines, where it is one of
the government’s top 10 priority growth sectors. It is particularly
suited to this field because of the Filipino high literacy rate,
proficiency in English and medical training. The population of both
countries has always been adept at information technology.
Research shows that the U.S. spent $2.3 billion in 2004 for medical
transcription outsourcing services. That number is expected to
grow to $4.2 billion in 2008. Worldwide, the U.S. Department of
Labor has projected the demand for medical transcriptionists to
reach $20 billion.The demand is there, at least for now. If you’ve
always dreamed of your own business and are willing to be trained,
go to the Internet and do a search on “medical transcription
training”. Research several different courses and choose
which one suits you and your present circumstances. You’ll
be your own boss making a decent income all from home in no time!Michael
Russell Your Independent guide to Outsourcing
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