Transcription is one of the swiftest growing fields in the country today. Services of Medical Transcriptionists from India are in demand in Western countries especially in the United States of America where the entire health care industry depends on insurance and detailed medical records are required for processing insurance claims for client. However, outsourcing is clearly not just about payrolls and call centers. It is very likely that the R&D of your medicines and drugs was outsourced to India. Your insurance company may have processed your claims from some services in Africa. Outsourcing of legal and Medical transcription is one of the fast increasing IT enabled service in India. With the rapid change in the outlook in Indian health care and legal services,these companies are expected to have stupendous potential for growth. The huge population of English-educated workforce has a low-cost advantage with respect to western counterparts.Privatization and globalization of insurance sectors in India goes on to highlight the edge India holds in this sector.Market Intelligence Service report of Nasscom says that at least 120-150 companies are engaged in medical transcription in India. The sector is already clocking an annual revenue aggregate of about $220-240 million. Ranging from small home based enterprises to large high-tech multi-national corporations,everyone needs transcriptioning services.Some of these companies are known to employ transcriptionists working from their homes.
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Friday, October 12, 2007
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