Medical Transcription (MT) is application based domain of health care Managements and now facing rapid transformation. Current Model of Medical Transcription industries will affected by factors such as Infrastructural beginnings taken up by governments, implementation of health records Systems and providing better and safe healthcare facilities to the patients.
On the basis of services types’ medical transcription is classifieds into Discharge Summary (DS), Operative Report (OP), History and Physical Report (H&P), Consultation Reports (CONSULTS), Radiology Reports & Other Pathology Reports (PATH) markets. Researches Show that the market share of CONSULT is highest amongst all other medical transcription services market. It is expected that global market of CONSULT would reach USD 21.1 million alone which is 3.3% from 2013-2019.While other medical transcription services contributes their shares in growth and would reach 5.6% till 2019.
There are two methods to acquire medical transcription services, first one is outsourcing medical transcription services job to medical transcription organization and second one is Offshore or both methods. The first method is more applicable and shares 62% of total market. Some large healthcare Organizations adopt both methods together which decrease the rapid turnaround time.
Asian countries are hubs of the off shoring of medical transcription services. India and Philippines are the most emerging countries in the off shoring of the medical transcription services. These countries are supported by their governments as they provide incentives and also subsidies for setting new business and promote existing business units for their expansion. United Arab Emirates and Latin America is emerging market of medical transcription services which is followed by the Qatar.
The Global market of medical transcription services is very competitive because large no of companies are involve in this field and providing this facilities on reasonable rates. Some of them are Accuses LLC, Nuance Communications, Precise Solution LLC, Precise Solutions etc.
The global medical transcription services market is segmented as follows:
Medical Transcription Services Market, by Service Type
History and Physical Report (H&P)
Discharge Summary (DS)
Operative Note or Report (OP)
Consultation Report (CONSULTS)
Others (Pathology Report (PATH) & Radiology Report (X-rays or radiographs))
Medical Transcription Services Market, by Mode of Procurement
Outsourcing
Off shoring
Both
Medical Transcription Services Market, by Geography
North America
Europe
Asia-Pacific
Rest of the World (ROW)
About DT Systems : DT Systems is one of the best medical transcription companies in the World which offers medical transcription services, medical transcription outsourcing & medical dictation services on affordable rates.
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