A community of 30,000 US Transcriptionist serving Medical Transcription Industry
I've been considering getting into the MT field, and I emailed my Career Step academic advisor last week to ask him what he thought about the future of MT. Here was his response:
**********
Thanks for the email. I understand your concern about the future of the industry. The rumors that Medical Transcription is going to be phased out in the future are not new. We’ve been hearing such talk for over 20 years now, and the opposite has proven true thus far. I can tell you that 5 years ago we didn’t have close to 100% job placement, but we do right now. We have noticed a trend of the industry using speech recognition software to do the transcription. Instead of phasing out medical transcription, this has only increased demand dramatically for Medical Transcription Editors. The problem with the speech recognition software is that it’s only about 50% accurate and it probably will never be much more accurate than that. There are too many variables that make it far from perfect such as accents, doctors speaking too fast, doctors eating or coughing during dictating, etc. So right now, there’s a huge demand for Medical Transcription Editors to listen to the original audio file, and then go through these 50% accurate computer generated documents and basically proofread to turn them into 100% accurate documents. Only about 30% of the industry uses the voice recognition software due to cost, additional training, and inaccuracies.
We are one of the very few schools that trains on both Medical Transcription, and Medical Transcription Editing. We work with over 200 companies nationwide on a regular basis and over 700 companies on any given day and the feedback we’ve heard from our employers is that they want to hire students who have been dually trained in both the transcription and in the editing. There are still plenty of traditional transcription jobs available too, as our placement rate would suggest. Everyone I’ve spoken with in the industry isn’t worried about their employment opportunities now or in the future.
I recently spoke with a woman who works at M-Modal, one of the largest Transcription companies. She told me they are sending work overseas because they can’t find enough qualified and properly trained people here in the US. Our program fully trains you to start working immediately upon completion. There’s also a good chance the federal government stops allowing US citizen’s medical records being sent overseas.
**********
What do you think? I want to believe him, but at the same time I know he's trying to sell me a product and probably get commission...