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This is an excerpt from the 2008/2009 Occupational Outlook Handbook. It doesn't say much for job security within Medquist specifically, of course, but of the medical transcription field in general. Unlike a lot of posts on here (where you just can't be sure where the poster is from or gets their info, this is unbiased):
--Contracting out transcription work overseas and advancements in speech recognition technology are not expected to significantly reduce the need for well-trained medical transcriptionists. Outsourcing transcription work abroad—to countries such as India, Pakistan, Philippines, and the Caribbean—has grown more popular as transmitting confidential health information over the Internet has become more secure; however, the demand for overseas transcription services is expected only to supplement the demand for well-trained domestic medical transcriptionists. In addition, reports transcribed by overseas medical transcription services usually require editing for accuracy by domestic medical transcriptionists before they meet U.S. quality standards.--
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