Medical Transcription Services Market 2022
Medical Transcription comprises software and services in the healthcare sector. These services comprise a wide range of reports and activities, such as discharge summary, operative notes, consultation reports, and physical and history reports.
These services also expand its scope into the healthcare services, which allows general physicians and specialty physicians to treat patients globally.
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In medical transmission, historical records or documents of certain special cases are referred to in certain special cases and those documents are used to guide healthcare professionals if transfer of patient is needed to be done from one professional to another. Such transfer of patient is done to offer better treatment to the patient.
Increased use of such services is anticipated to fuel growth of the medical transcription services market over the tenure of analysis, from 2021 to 2031.
What are the Key Trends Impacting Growth of the Medical Transcription Services Market?
Automation of healthcare settings and related peripheral facilities is driving the growth of the overall healthcare products and services market. Automation of speech recognition technology and the availability of specialized tools from leading medical transcription technology vendors is one of the major drivers of the medical transcription market.
The market penetration of PC-based speech recognition tools is growing among physicians and hospital record keepers. Tight budget constraints and growing need for ensuring accuracy of patient records have urged healthcare providers to automate their recordkeeping process via solutions such as voice recording and integrated speech recognition solutions.
Processes such as electronic healthcare records (EHRs) are being increasingly adopted by healthcare providers in order to offer prompt healthcare services, ensure reduced error rates in diagnosis and efficient recordkeeping.
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By using solutions such as speech recognition, physicians can directly dictate notes in EHRs and can conveniently update at lower error rates.
The gradual digitization of patient records and reduction in the number of illegible handwritten patient documents has helped in simplifying healthcare processes and eradication of administrative and operational errors. Considering the usefulness of speech recognition in EHR, this technology is also being increasingly adopted in medical transcription processes.
Key Segments of Medical Transcription Services Market Covered in the Report
Based on procurement mode, the medical transcription services market has been segmented as Outsourcing, Offshoring
Based on services, the medical transcription services market has been segmented as History and Physical Report (H&P), Discharge Summary (DS), Operative Note or Report (OP), Consultation Report (CONSULTS), Others
Based on end-user, the medical transcription services market has been segmented as Hospitals, Clinics, Diagnostic centers, Others
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Competitive Landscape
Key players such as
Nuance Communications Inc.
iMedX Inc.
DataMatrix Technologies Inc.
eTransMed
LLC
Total Transcription Solutions Inc.
Vennar Soft Inc.
Superior Global Solutions Inc.
Transcend Services Inc.
Dictation Source Med Scribe Inc.
Care Technologies India Private Ltd. and
others
are actively involved in offering medical transcription services for different applications.
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