07-07-2015, 08:34 AM
There is no hope to medical transcription as a career. There are strong reasons found. They can be listed as follows.
1. The advent of automatic speech recognition (ASR) technology minimised the need of MTs. Now speech recognition softwares do up to 85 to 95% on average accuracy without the need of MT. On easy dictators speech recognition technology give up to 98%. So the need for MT is abolished. Now only experienced proofers or editors and QAs only needed.
2. EMR technology is coming to use in USA which also abolishes the need of MTs. In this technology preset templates are available where doctors need to enter the patient care details. They do this within the time needed for dictating a patient's record. This is another blow to the medical transcription field.
3. In India people are available to work for lowest rates. This is because in India unemployment is high and graduates come out of colleges every year in crores of numbers. They do not find sufficient job. So they are ready to work in night shifts for lowest rates because all does not find job. According to the market rules when supply is more than the demand rate always dips to very low. This is the situation happening in MT industry. So in the future also there is no chance of getting good pay in MT field.
4. Medical transcription training institutes were grown in India like mushrooms. They attract unemployed graduates by giving false information on pay scale in MT field such as 60,000 Rs/month. Unemployed people fall prey for this false propaganda and join the course in the hope to get good earnings. They spend lot of money on course fee, computers and other essentials in the hope of doing online course. Because they have invested a lot on this course they are forced to work in the MT field to get what spent on course and computers, etc. In spite of advice of experienced MTs about the hopelessness of the MT field people are thronging into MT institutes due to unawareness of the realities of the MT field. There is no government regulation on MT training institutes. So they continue to cheat the newcomers in the name of home transcrition and high pay structure.
5. US companies once stopped giving work to home in 2008 but now all big US companies also started to give work to home. They are forced to do so because giving work for home is inevitable due to the market condition. Home transcrptionists are ready to work for low rates. There is no need to give regular work for home transcriptionists like in-house MTs.
1. The advent of automatic speech recognition (ASR) technology minimised the need of MTs. Now speech recognition softwares do up to 85 to 95% on average accuracy without the need of MT. On easy dictators speech recognition technology give up to 98%. So the need for MT is abolished. Now only experienced proofers or editors and QAs only needed.
2. EMR technology is coming to use in USA which also abolishes the need of MTs. In this technology preset templates are available where doctors need to enter the patient care details. They do this within the time needed for dictating a patient's record. This is another blow to the medical transcription field.
3. In India people are available to work for lowest rates. This is because in India unemployment is high and graduates come out of colleges every year in crores of numbers. They do not find sufficient job. So they are ready to work in night shifts for lowest rates because all does not find job. According to the market rules when supply is more than the demand rate always dips to very low. This is the situation happening in MT industry. So in the future also there is no chance of getting good pay in MT field.
4. Medical transcription training institutes were grown in India like mushrooms. They attract unemployed graduates by giving false information on pay scale in MT field such as 60,000 Rs/month. Unemployed people fall prey for this false propaganda and join the course in the hope to get good earnings. They spend lot of money on course fee, computers and other essentials in the hope of doing online course. Because they have invested a lot on this course they are forced to work in the MT field to get what spent on course and computers, etc. In spite of advice of experienced MTs about the hopelessness of the MT field people are thronging into MT institutes due to unawareness of the realities of the MT field. There is no government regulation on MT training institutes. So they continue to cheat the newcomers in the name of home transcrition and high pay structure.
5. US companies once stopped giving work to home in 2008 but now all big US companies also started to give work to home. They are forced to do so because giving work for home is inevitable due to the market condition. Home transcrptionists are ready to work for low rates. There is no need to give regular work for home transcriptionists like in-house MTs.
