Cbay transcriptions1/1/2024 ![]() “I am considering responding to enquiries from my clients about EMR transcription," says George Cherian, chief executive of Coimbatore-based Doctors Transcribe, a 30-seat firm. Some firms are already jumping onto the EMR transcription bandwagon. has grown to be one of the largest in the tri-state area. “Other EMR vendors are taking a more integrated approach, which gives users the flexibility to use dictation and transcription in addition to point-and-click templates."Įither way, Indian firms will have to rethink their niche. Specialties: Medical Transcription and Speech Recognition Services. Their intent is to eliminate the need for dictation and transcription completely," explains Jay Vance, a US-based technology product specialist for Superior Global Solutions Inc., a large US MT service firm. “Some EMR products are out-and-out transcription-unfriendly. How much leeway medical transcription firms have to innovate, therefore, will depend on which EMR product dominates eventually. “Where transcriptionists will come in now is in extracting from transcription into EMR using technologies like natural language processing and XML."Ĭomplicating matters is the fact that EMR products are currently heterogeneous and common standards will be declared only towards the end of 2010. “Pure labour-based transcription will now go away," says Raman Kumar, chief executive of US-based CBay Systems Ltd, the world’s largest medical transcription firm. What will this mean for local outsourcers? “Indian firms will need to relook their current systems to see how best to integrate with healthcare IT (information technology," says Dipta Chaudhury, programme manager, South Asia and Middle East, pharma and biotech practice at consultancy firm Frost and Sullivan. “Most small firms have seen a drop in revenue, primarily due to EMR adoption and aided by the appreciating rupee."Ī survey by management consultancy Accenture Plc of 1,000 physicians in smaller group practices (with fewer than 10 practitioners) showed that 65% of current non-users plan to implement EMRs in the next two years. ![]() Ltd, a Hyderabad-based, 30-seat medical transcription company. Gopalkrishnan, chief executive of Capintels Trans Solutions Pvt. “We are currently in a downtrend," says Y. Medicare is a US government insurance programme for the elderly, while Medicaid is for the poor. From 2015, it proposes a schedule of penalties for non-adoption. Small and medium-scale medical transcriptionists (of 10-500 seats) began losing clients since the American Recovery and Reinvestment Act of February 2009 earmarked $20 billion in incentives to Medicare and Medicaid providers adopting EMRs by 2014. The US EMR market is pegged by New York-based research firm Kalorama Information at $13.8 billion in 2009. “When universally implemented, EMRs can either eliminate or significantly cut down the need for transcriptions," says Neeraja Kandala, an analyst at research firm ValueNotes Database Pvt. The Indian medical transcription industry services 75% of the medical transcription work outsourced from the US.
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