Tuesday, June 24, 2008

Medical transcription firms go through rough patch

MANILA, Philippines -- If there is one business that has been relatively spared by the tripling of crude oil prices and the consequential runaway costs of almost all other commodities including rice and similar food grains, it is the medical transcription industry.

“People -- and Americans are no exception -- still get sick,” says Mila San Juan, managing director of Med Script (MS) Corp., a medical transcription company with its manpower operations center in the country, but with networking relationships in the US.

American doctors and medical care facilities continue to rely on medical transcription as an enabler of public health and safety, requiring patients’ health records to be digitized for easy referencing.

Unmindful of the economic crisis brought about by the multi-billion dollar credit collapse of its housing sector, the demand for medical transcription services in the US continues to grow at double digit pace, last estimated at 18 percent yearly.

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