I read with great interest the Sept. 1 cover story "Outsourcing boom" (p. 51). However, I was surprised to find that medical transcription outsourcing failed to make your top 20 list of department management contracts.
The Medical Transcription Industry Alliance estimates that medical transcription is a $6.6 billion industry, of which about $1 billion is currently being outsourced. However, that figure is growing at about 15% to 20% per year as hospitals seek efficient, cost-effective alternatives to employing in-house staff.
Medquist/Transcriptions has been in the medical transcription outsourcing business for 27 years and currently provides services to more than 600 healthcare facilities nationwide, of which 196 are hospitals.
Director of marketing