A community of 30,000 US Transcriptionist serving Medical Transcription Industry
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1 – MedQuist
2 – Transcend
3 – Webmedx
TRANSCEND SERVICES INC - FORM 10-Q - August 9, 2010
We are the second largest medical transcription company in the United States based on revenue. We serve approximately 260 customers nationwide. We estimate that our primary target market is approximately $2.5 billion, comprised primarily of approximately 5,000 community-based hospitals (hospitals accessible by the general public) in the United States. Our approximately 1,870 home-based domestic medical language specialists, supplemented by our offshore partners, provide high quality medical documents and fast turnaround times, resulting in high customer retention rates, which have averaged more than 94% (measured by revenue) over the last three years.
ATLANTA, Sept. 2, 2010 /PRNewswire/ -- Webmedx, the third largest medical transcription service provider in the U.S. and a premier supplier of speech recognition and quality analytics technology, reinforced their commitment to quality and patient safety by announcing important changes to their quality assurance processes and procedures for transcribed and speech-generated reports.